The Compound Interest of 10400 at 12.7% for 4 years is 6378.
The principal amount is given as 10400.
The rate of interest is given as 12.7%.
The time period to be calculated is given as 4 years.
The compound interest for the given above is to be calculated.
<h3>What is
compound interest?</h3>
Compound interest is the interest that we earn both on the principal amount and the interest we earn.
The formula used to calculate compound interest is:
![P [ (1 + \frac{R}{100} )^n - 1 ]](https://tex.z-dn.net/?f=P%20%5B%20%281%20%2B%20%5Cfrac%7BR%7D%7B100%7D%20%29%5En%20-%201%20%5D)
Where P = principal amount, R = rate of interest, and n = number of years.
We have,
P = 10400
R = 12.7%
n = 4 years
Compound interest:
![P [ (1 + \frac{R}{100} )^n - 1 ]\\\\10400 [ (1 + \frac{12.7}{100} )^4 - 1 ]](https://tex.z-dn.net/?f=P%20%5B%20%281%20%2B%20%5Cfrac%7BR%7D%7B100%7D%20%29%5En%20-%201%20%5D%5C%5C%5C%5C10400%20%5B%20%281%20%2B%20%5Cfrac%7B12.7%7D%7B100%7D%20%29%5E4%20-%201%20%5D)
Now,
10400 [ ( 1 + 0.12.7 )^2 - 1 ]
10400 [ 1.127^4 - 1 ]
10400 [ 1.61322 - 1 ]
10400 x 0.6132
6377.56
Rounding to the nearest whole number.
We have,
Compound Interest = 6378.
Thus the Compound Interest of 10400 at 12.7% for 4 years is 6378.
Learn more about Compound Interest here:
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Answer:
A. 16%
Step-by-step explanation:
Problems of normally distributed samples can be solved using the z-score formula.
In a set with mean 
and standard deviation 
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
Which of the following gives the probability that a randomly selected woman has a height of greater than 68 inches?
This is 1 subtracted by the pvalue of Z when X = 68. So
has a pvalue of 0.84.
1 - 0.84 = 0.16
So the correct answer is:
A. 16%
Answer: y>(1/3)x-3
Step-by-step explanation: The slope is 1/3. The dotted line means it is not inclusive, and the value of k means it is going down three units.
Answer:
Step-by-step explanation:
A new study suggests that waiting at least an hour after dinner before going to sleep reduces your risk of stroke by about two-thirds.
And for every 20 minutes more that you wait, stroke risk drops another 10%, says researcher Cristina-Maria Kastorini, MSc, a nutritionist at the University of Ioannina Medical School in Greece.
The study does not prove cause and effect -- only that there seems to be an association between waiting an hour or more between dinner and bedtime and reduced stroke risk.
Results of the 1,000-patient study were presented here at the European Society of Cardiology Congress 2011.
Answer: The wholesale cost of the bike = $100
Step-by-step explanation:
Let x = wholesale cost of the bike
As per given,
Selling price = cost price + (Mark up percent) x ( cost price) (i)
Selling price of bike = $160
Mark up percent = 60% =0.60
Substitute values in (i) , we get
Hence, the wholesale cost of the bike = $100
