Answer:
$341.07
Step-by-step explanation:
Hanna and Dawson both invested at 3.2% = 0.032
Hannah has balance of 31,000 in account
Dawson has balance of 42000 in account
Interests earned by both are
1)Hannah -P(1+i)^-n
=31000(1+0.032)^-1
=31000(1.032)^-1
=31000(0.968992)
=$30038.752
=$30038.75
Interest earned by Dawson is $31,000 - $30038.75 = $961.25
2)Dawson- P(1+i)^-n
=42000(1+0.032)^-1
=42000(1.032)^-1
=42000(0.968992)
=$40697.664
=$$40697.664
Interest earned by Dawson is $42,000 - $40697.66= $1302.32
3) Hence the amount that Dawson earns than is:
=$1302.32-$961.25
= $341.07
Answer:
Step-by-step explanation:
Let yesterday's price be x
Discount percentage = 36%
Sale price = $ 560
(100-36)% of x = 560
64 % *x = 560
Yesterday's price = $ 875
Answer:
$6000
Step-by-step explanation:
accumulated amount = A = PI
A = $6900
Let P = x
6900 - I = x
I = (x)(0.05)(3yrs) = 0.15x
6900 - 0.15x = x
Add
6900 = 1.15x
Divide, solve for x
x = 6000
Answer:
$0.025x² . . . where x is a number of percentage points
Step-by-step explanation:
The multiplier for semi-annual compounding will be ...
(1 + x/2)² = 1 + x + x²/4
The multiplier for annual compounding will be ...
1 + x
The multiplier for semiannual compounding is greater by ...
(1 + x + x²/4) - (1 + x) = x²/4
Maria's interest will be greater by $1000×(x²/4) = $250x², where x is a decimal fraction.
If x is a percent value, as in x = 6 when x percent = 6%, then the difference amount is ...
$250·(x/100)² = $0.025x² . . . where x is a number of percentage points
_____
<u>Example</u>:
For x percent = 6%, the difference in interest earned on $1000 for one year is $0.025×6² = $0.90.
Assuming that each marble can be picked with equal probability, we notice that there is a total of
marbles, of which 2 are red.
So, the probability of picking a red marble is
In fact, as in any other case of (finite) equidistribution, we used the formula
