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AnnyKZ [126]
3 years ago
8

You have 24 months left until you graduate and you plan on buying yourself a new $20,000 car on graduation day. If you invest $3

00 a month for the next 24 months earning 4% a month - will you have enough money?A) NoB) Yes
Mathematics
1 answer:
shusha [124]3 years ago
3 0

Answer: No, the money won't be enough to buy the car

Step-by-step explanation:

you plan on buying yourself a new $20,000 car on graduation day and graduation day is 24 months time. If you invest $300 a month for the next 24 months.

The principal amount, p = 300

He is earning 4% a month, it means that it was compounded once in four months. This also means that it was compounded quarterly. So

n = 4

The rate at which the principal was compounded is 4%. So

r = 4/100 = 0.04

It was compounded for a total of 24 months. This is equivalent to 2 years. So

n = 2

The formula for compound interest is

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

A = total amount that would be compounded at the end of n years.

A = 300(1 + (0.04/4)/4)^4×2

A = 300(1 + 0.01)^8

A = 300(1.01)^8

A = $324.857

The total amount at the end of 24 months is below the cost of the car which is $20000. So he won't have enough money to buy the car

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Mickey keeps picking playing cards out of a standard deck of 52 cards, hoping that she will
andrew-mc [135]

Answer:

03%

Step-by-step explanation:

In this situation Mickey should have drew first 7 cards that are not diamond and then on the 8th attempt she should draw an ace.

Let A be the event of drawing 7 cards which are not diamond and B the event of drawing an ace card. therefore required probability is P(A∩B)=P(A)*P(B)

Now, there are 13 diamonds and 39 other cards. Hence,

P(A)=(\frac{39}{52})⁷=0.1335

After drawing 7 non-diamond cards, the 8th card must be a diamond.Hence,

P(B)=\frac{13}{52}=0.25

Hence, P(A∩B)=P(A)*P(B)=0.1335*0.25=0.033(approximately 0.03,i.e. 3%)

Therefore probability that Mickey will draw her first diamond on the 8th

attempt is 3%

7 0
3 years ago
Which is greater 8.2 or 8.23
faust18 [17]
I believe 8.23 is greater because 8.2 can be 8.20 so that’s why my answer is 8.23
8 0
3 years ago
Read 2 more answers
A bus trip takes 1.5 hours. By plane, the same trip takes 30 minutes. How
DENIUS [597]

Answer:

2 times faster

Step-by-step explanation:

because the plane takes one hour less than the bus and 60 min equal a hour and 30 plus 30 equal 60 which is a hour so then it would be 2 times as faster because it is 30 twice to equal the 60

4 0
3 years ago
Please help me, only answer if you know for sure
Galina-37 [17]

Answer:

Step-by-step explanation:

Median: First write in ascending order. If number of data's is odd, median is the middle data.

If number of data's is even, then median = average of n/2th and (n+2)/2th term.

1) 1 , 3 , 5 , 5 , 6

Median = 5

2) 3,4,10,2,1

Ascending order: 1,2,3,4,10

Median = 3

3) 4, 5,7,11

Median = (5+7)/2 = 12/2 = 6

4) 1,1,2,6

Median = (1+2)/2 = 3/2 = 1.5

5) 2,2,3,3,,5,7

Median = 3+3/2 = 6/2 = 3

6)1,2,4,6,7,7

Median = (4+6)/2 = 10/2 = 5

7) 2,2,3,6,7,8

Median = (3+6)/2 = 9/2 = 4.5

8)1,2,3,14,17,18

Median = (3+14)/2 = 17/2 = 8.5

Mean= Sum of all the items÷ number of items

1)Mean = (1+2+3+2)÷4 = 8÷2 = 4

2)Mean=(4+3+2+4+2)÷5 = 15÷5 = 3

3)Mean = (5+4+6+1)÷4 = 16÷4 = 4

4)Mean = (2+5+1+4+7+5)÷6 = 24÷6 = 4

5)Mean =(10+11+9+12+8)÷5=50÷5 = 10

6)Mean = (1 + 2 + (-2)+1+(-2) )÷5 = -2÷5 = -0.4

7)Mean = (4+(-2)+3+(-3)+3)÷5 = 5÷5 = 1

8)Mean = (4+5.5+3+5.5)÷4=18÷4 = 4.5

6 0
3 years ago
Read 2 more answers
HELP ASPAP!!!!! WILL MARK BRAINIEST standard deviation
Umnica [9.8K]

Answer:

The standard deviation of the given data is 11.34.

Step-by-step explanation:

We have to find the standard deviation for the given data;

Grade on     No. of students          

 test (X)        with that score (f)        X \times f       ( X - \bar X)^{2}        f \times ( X - \bar X)^{2}

     50                  1                       50      1073.218      1073.2176

     57                 2                       114      663.578      1327.1552

     60                 4                       240       518.018     2072.0704

     65                 3                       195       315.418      946.2528

     72                 3                       216        115.778       347.3328

     75                12                       900        60.218       722.6112

     77                10                       770        33.178       331.776

     81                 6                       486        3.098       18.5856

     83                 6                       498        0.058        0.3456

     88                9                       792        27.458      247.1184

     90                12                      1080        52.418      629.0112

     92                12                       1104        85.378     1024.5312

     95                 2                        190        149.818      299.6352

     99                 4                        396        263.738     1054.9504

    100          <u>       5   </u>                 <u>    500    </u>     297.218   <u>   1486.088     </u>

   Total             <u>      91       </u>                <u>    7531     </u>                       <u>    11580.68    </u>

Firstly, the mean of the above data is given by;

            Mean, \bar X  =  \frac{\sum X \times f}{\sum f}

                             =  \frac{7531}{91}  =  82.76

Now, the standard deviation of the data is given by;

          Standard deviation, S.D.  =  \sqrt{\frac{\sum f(X-\bar X)^{2} }{\sum f-1}}

                                                     =  \sqrt{\frac{11580.68}{91-1}}

                                                     =  11.34

Hence, the standard deviation of the given data is 11.34.

5 0
3 years ago
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