Assuming annual compounding, then:
FV=15000*(1+.035)^15
FV=15000*1.6753488307521611831782355996538
FV=$25130.23
At the end of 15 years, Tom should have $25130.23 in his account.
Answer:
£38.48
Step-by-step explanation:
First, we have to find what 4% of 37 is, so our equation is:
37 x 0.04 = 1.48
Then we have to add that 4% to the original cost:
1.48 + 37 = 38.48
So the total price of the theatre ticket is £38.48
Answer:the z score is - 1
Step-by-step explanation:
Assuming a normal distribution for the delivery time of sandwiches by Sammy's Sandwich Shop. We would apply the formula for normal distribution which is expressed as
z = (x - u)/s
Where
x = delivery times
u = mean delivery time
s = standard deviation
From the information given,
u = 25 minutes
s = 2 minutes
We want to determine the z-score for the number of sandwiches delivered in less than 23 minutes. It becomes
z = (23 - 25)/2 = - 1
