Answer:
$ 50,340.97
Step-by-step explanation:
From the above question, we can deduce that we are to find the Initial amount invested which is also called the Principal.
The formula to find Principal in a compound interest question is:
P = A / (1 + r/n)^nt
Where:
A = Total Amount obtained after invested = $80,000
r = Interest rate = 3.1% = 0.031
n = number of times interest in compounded = Quarterly = 4
t = time in years = 15
P = $80,000/(1 + 0.031/4)^4 × 15
P = $80,000/(1 +0.00775)^60
P = $ 50,340.97
Hence, James would have to invest $50,340.97 today to have $80,000 in 15 years.
Answer:
7.64% probability that they spend less than $160 on back-to-college electronics
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:

Probability that they spend less than $160 on back-to-college electronics
This is the pvalue of Z when X = 160. So



has a pvalue of 0.0763
7.64% probability that they spend less than $160 on back-to-college electronics
Answer:
x = 7
Step-by-step explanation:
The proportion is
14/6 = 21/(3x - 12) Cross Multiply
14*(3x - 12) = 6*21 Remove the brackets and combine
42x - 168 = 126 Add 168 to both sides
42x = 126 + 168
42x = 294 Divide by 42
x = 294/42
x = 7
Answer:
Ligh blue
Step-by-step explanation: