Answer:
$25,193.17
Explanation:
Given:
• Principal Felipe borrowed, P=$8000
,• Annual Interest Rate, r=16.5%=0.165
,• Compounding Period, k=12 (Monthly)
,• Time, t=7 years
We want to determine how much he will owe after 7 years.
In order to carry out this calculation, use the compound interest formula below:
Substitute the values defined above:
Finally, simplify and round to the nearest cent.
After 7 years, Felipe will owe $25,193.17.
Answer:
12.08
Step-by-step explanation:
For each sunflower, there are only two possible outcomes. Either it germinates, or it does not. The probability of a sunflower germinating is independent of other sunflowers. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
Probability of exactly x sucesses on n repeated trials, with p probability.
The standard deviation of the binomial distribution is:
Seventy-six percent of sunflower seeds will germinate into a flower
This means that
Samples of 800:
This means that
The standard deviation for the number of sunflower seeds that will germinate in such samples of size 800 is: