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3 years ago

Calculate the amount and compound interest on Rs 5000 compounded annually or 2 years 6 months at the rate of 10% per annum.

Mathematics

1 answer:

cluponka [151]3 years ago

7 0

Answer:

Amount

Rs 6345.30

Compound interest

Rs 1,345.30

Step-by-step explanation:

Here in this question, we are interested in calculating the amount and the compound interest on the value given.

To calculate the amount, we use the formula below;

A = P(1 + r/n)^nt

Where; A is the amount which we want to calculate

P is the principal which is Rs 5,000

r is the interest rate per annum = 10% = 10/100 = 0.1

n is the number of times per year in which it is compounded ( since it is annually, then it is 1)

t is the number of years which is 2.5 years( kindly know that 6 months is same 1/2 year , so 6 months is same as 0.5, and thus 2 years 6 months becomes 2.5 years)

now let’s substitute all these values;

A = 5000(1 + 0.1/1)^(1*2.5)

A = 5000(1 + 0.1)^2.5

A = 5000(1.1)^2.5

A = 6,345.2935314294

This is approximately Rs 6,345.30

The second part of the question asks to calculate compound interest

Mathematically ;compound interest = Amount - principal

= 6345.3 - 5000 = Rs 1,345.30

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<h3>What is the binomial distribution formula?</h3>

The formula is:

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

$C_{n,x} = \frac{n!}{x!(n-x)!}$

The parameters are:

x is the number of successes.

n is the number of trials.

p is the probability of a success on a single trial.

In this problem, for the parameters, we consider that:

10% of the 9-year old children in a town have three siblings, hence p = 0.1.

Fifteen 9-year old children are selected at random, hence n = 15.

The probability that more than 3 of these selected children have three siblings is given by:

$P(X > 3) = 1 - P(X \leq 3)$

In which:

$P(X \leq 3) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3)$

Then:

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$P(X = 0) = C_{15,0}.(0.1)^{0}.(0.9)^{15} = 0.2059$

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$P(X \leq 3) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) = 0.2059 + 0.3432 + 0.2669 + 0.1285 = 0.9445$

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More can be learned about the binomial distribution at brainly.com/question/24863377

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1 year ago

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Step-by-step explanation:

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So you get the idea.

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3 years ago

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Answer:

Step-by-step explanation:

The question is not correctly outlined, here is the correct question

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2 years ago