10 more than 2 times a number is equal to 2 times the number plus 50. What is the number?
1 answer:
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We are given the following information
Investment = $5200
Annual interest rate = 4.2% = 0.042
Final amount = $16,500
Number of years = 27.7 years
Number of compoudings = quartely = 4
The student uses the following model
The general formula for compound interest is given by
As you can see, the number of compoundings is incorrect (3 vs 4)
The interest rate is also incorrect.
Let us substitute the given values into the above formula
Therefore, the final amount is approximately $16,543.5
Answer:
a) P(X∩Y) = 0.2
b) = 0.16
c) P = 0.47
Step-by-step explanation:
Let's call X the event that the motorist must stop at the first signal and Y the event that the motorist must stop at the second signal.
So, P(X) = 0.36, P(Y) = 0.51 and P(X∪Y) = 0.67
Then, the probability P(X∩Y) that the motorist must stop at both signal can be calculated as:
P(X∩Y) = P(X) + P(Y) - P(X∪Y)
P(X∩Y) = 0.36 + 0.51 - 0.67
P(X∩Y) = 0.2
On the other hand, the probability that he must stop at the first signal but not at the second one can be calculated as:
= P(X) - P(X∩Y)
= 0.36 - 0.2 = 0.16
At the same way, the probability that he must stop at the second signal but not at the first one can be calculated as:
= P(Y) - P(X∩Y)
= 0.51 - 0.2 = 0.31
So, the probability that he must stop at exactly one signal is: