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crimeas [40]
3 years ago
11

Luanne wants to have $3275 in her bank account in 10 years. How much money should she deposit if her account earns 7.5% interest

which is compounded every month?
A. $1589.01
B. $2159.45
C. $1921.53
D. $1550.62
Mathematics
2 answers:
Mekhanik [1.2K]3 years ago
8 0
A. $1589.01

I solved this by a simple trial and error by inputing each answer into the equation.
Ray Of Light [21]3 years ago
3 0
Total = Principal * (1 + rate/12)^years*12
Solving for Principal
Principal = Total / (1 + rate/12)^years*12
Principal = $3,275 / (1<span>.00625)^120
</span>Principal = $3,275 / <span> <span> <span> 2.1120646371 </span>
</span></span>Principal = <span> <span> <span> 1,550.6</span></span></span>2
And here's a calculator to check that answer:
http://www.1728.org/compint.htm


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Amy reached into a bag, recorded the color of the tile she picked, returned the tile and drew again. These are the tiles she has
Vedmedyk [2.9K]

Answer:

(a) P(next ball with blue) =  \frac{3}{10}       (b)  P(Not to be red) = 1-\frac{2}{5} =\frac{3}{5}

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Step-by-step explanation:

Given that,

The total outcomes of the color of tile are :-

Red , Red, Blue, Yellow, Blue, Red, Green, Red, Blue, Green.

From the Question,

Total number of outcomes = 10

(a) What is the probability that her next draw will be blue ?

        Red = 4,

        Blue = 3,

        Green = 2,

        Yellow = 1.

   P(next ball with blue) =  \frac{3}{10}.

(b) What is the probability that her next draw will NOT be red?

    P(Red ball) =  \frac{4}{10} = \frac{2}{5}

But we have to find

   P(Not to be red) = 1-\frac{2}{5} =\frac{3}{5}

(c) If Amy draws 70 more times with the same tiles from the question above, what probability would you expect a yellow?

  P(Yellow ball) =  \frac{1}{10}

drawing it 70 times we get the probability

   P(drawing 70 times yellow ball) = \frac{1}{10} \times 70 = 7.

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Step-by-step explanation:

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