How many years will it take for a $400 investment to grow to $1000 with a interest rate of 12% a compounded monthly

Mathematics

1 answer:

Dmitrij [34]3 years ago

3 0

Answer:

it would take around..a year and a half

Step-by-step explanation:

You might be interested in

Help please. Having some trouble with this question

xeze [42]

Answer:

The answer to your question is 55 ft

Step-by-step explanation:

Data

Person's height = 5 ft

Person's shadow = 10 ft

Tree's height = ?

Tree's shadow = 110 ft

- Use the Thales' theorem to solve this problem

Person's height / Person's shadow = Tree's height / Tree's shadow

- Substitution

5 / 10 = x / 110

-Solve for x

x = 5 (110) / 10

-Simplification

x = 550 / 10

-Result

x = 55 ft

-Conclusion

The tree is 55 ft height

5 0

2 years ago

Sociology graduates, upon entering the workforce are normally distributed and earn a mean salary of $30,000 with a standard devi

GrogVix [38]

Answer:

0.62% probability that randomly chosen salary exceeds $40,000

Step-by-step explanation:

Problems of normally distributed distributions are solved using the z-score formula.

In a set with mean $\mu$ and standard deviation $\sigma$ , the zscore of a measure X is given by:

$Z = \frac{X - \mu}{\sigma}$

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 question:

$\mu = 30000, \sigma = 4000$