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nasty-shy [4]
2 years ago
9

You deposit $1,000 in a savings account that earns 0.5% each month. Assuming you do not deposit or withdraw any money from the a

ccount, how much will you have in the account after 3 years?
Mathematics
2 answers:
Rudiy272 years ago
8 0
The equation for that is:

x(dollar amount) · y(time in years it was in the bank) · z(percent of interest as a decimal)

Lets fill in the numbers:

1000 x 3 x .005 = 15

Add the 15 to the total and the final answer is:

$1015

Hope this helps!
Firdavs [7]2 years ago
3 0
0.5% is 5$ so 5$ x 12 = 60 60 x 3 is 180 180 is your answer
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Answer:

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Step-by-step explanation:

Since L means the number of lessons taken, we will have:

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The drawing plan for an art studio shows a rectangle that is 15.2 inches by 8 inches. The scale in the plan is 4 in.: 5 ft. Find
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Area: 190 feetx^{2}

Step-by-step explanation:

This is a question about ratio.

Length: let x be the actual length.

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Width: let y be the actual width.

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Ms. Reynold's sprinkler system has 5 stations that water all parts of her front and back lawn. Each station runs for an equal am
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2 years ago
The annual rainfall (in inches) in a certain region is normally distributed with = 40 and = 4. What is the probability that star
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0.93970

Step-by-step explanation:

Solution:-

- Denote a random variable "X" The annual rainfall (in inches) in a certain region . The random variable follows a normal distribution with parameters mean ( μ ) and standard deviation ( σ ) as follows:

                          X ~ Norm ( μ , σ^2 )

                          X ~ Norm ( 40 , 4^2 ).

- The probability that it rains more than 50 inches in that certain region is defined by:

                          P ( X > 50 )

- We will standardize our test value and compute the Z-score:

                          P ( Z > ( x - μ )  / σ )

Where, x : The test value

                          P (  Z > ( 50 - 40 )  / 4 )

                          P (  Z > 2.5 )

- Then use the Z-standardize tables for the following probability:

                          P ( Z < 2.5 ) = 0.0062

Therefore,          P ( X > 50 ) = 0.0062

- The probability that it rains in a certain region above 50 inches annually. is defined by:

                           q = 0.0062 ,

- The probability that it rains in a certain region rains below 50 inches annually. is defined by:

                           1 - q = 0.9938

                           n = 10 years   ..... Sample of n years taken

- The random variable "Y" follows binomial distribution for the number of years t it takes to rain over 50 inches.

                          Y ~ Bin ( 0.9938 , 0.0062 )

- The probability that it takes t = 10 years for it to rain:

                         =  10C10* ( 0.9938 )^10 * ( 0.0062 )^0

                         = ( 0.9938 )^10

                         = 0.93970

3 0
3 years ago
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