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Daniel [21]
3 years ago
8

$3,000 after 5 years at an interest rate of 3.0 % is the nearest cent.

Mathematics
2 answers:
vladimir2022 [97]3 years ago
6 0
<span>$ 3,450.00

</span>Equation:
A = P(1 + rt)
blagie [28]3 years ago
4 0
You didn't say whether the 3% interest is simple interest, or compound interest, or how often it's compounded.  Each type of interest leads to a different answer.

-- If it's 3.0% simple interest, then your money earns

                                     (3.0 x 5) = 15%
 
in 5 years.  At the end of the 5 years, your investment would be worth

                             (1.15 x 3000) = $3450.

-- If the 3.0% is compounded annually, then in 5 years your money earns

                           (1.03)⁵ = 1 + 15.93%

and the original investment is worth  (3000 x 1.1593) = $3,477.82 .
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The time to fly between New York City and Chicago is uniformly distributed with a minimum of 120 minutes and a maximum of 150 mi
lara [203]

Answer:

a) 33.33%)

b) 135 minutes

c) 8.66 min

d) 50%

Step-by-step explanation:

a) the probability for a uniform distribution is

P(b<X<a) = (a-b)/(c-d) , where c and d are the maximum and minimum values

therefore the probability that the flight is more than 140 minutes ( and less than 150 since it is the maximum value)

P(140<X<150) = (a-b)/(c-d) = (150-140)/(150-120) = 10/30 = 1/3 (33.33%)

b) the mean (expected value) for a uniform probability distribution is

E(X) = (c+d)/2 = (120+150)/2 = 135 minutes

c)  the standard deviation for a uniform probability distribution is

σ²(X)= (c-d)²/12 = (150-120)²/12 = 75 min²

σ = √75 min² = 8.66 min

b) following the same procedure as in a)

P(120<X<135) = (a-b)/(c-d) = (135-120)/(150-120) = 15/30 = 1/2 (50%)

4 0
3 years ago
What os the answer to 14÷2.5=​
almond37 [142]

Answer:

5.6

Step-by-step explanation:

by dividing

6 0
3 years ago
Read 2 more answers
The scale of a map is 1:4 000 000. Hint: 1:4 000 000 means that 1cm on the map = 4 000 000 on the ground. The distance between L
GrogVix [38]

Answer:

325 km

Step-by-step explanation:

Given the scale :

1 : 4 ,000, 000

1cm measure in map = 4000000 on the ground

From the map :

Distance between Leeds and London = 8.125 cm

The actual distance on ground can be calculated thus :

1cm = 4,000,000

8.125cm = x

Cross multiply

x = 32500000 cm

Converting to kilometers :

1 km = 100,000 cm

x = 32500000

Cross multiply

100,000x = 32500000

x = 32500000 / 100000

x = 325

Hence, actual distance between Leeds and London is 325 km

3 0
2 years ago
Find the cost for junior tickets
Marat540 [252]

what is the cost for? ik it's for juniors but what is the topic

4 0
3 years ago
Heidi spent a total of $60 on clothing items she bought 2 pairs of shorts for 10 dollars each she bought some t-shirts for 4 eac
lisov135 [29]

Answer:

2 pair shorts and for t-shirts and sandals possible cases are  

1 t-shirt and 3 sandals or

4 t-shirts and 2 sandals or

7 t-shirts and 1 sandals.

Step-by-step explanation:

Total money spent by Heidi on the clothing items is $60.

Now , she bought 2 pairs of short for $10 each , so, the money spent on shorts will be $20.

Thus money for other stuffs should be $40.

Let she bought x t-shirts for $4 each , thus money spent on t-shirts will be 4x dollars.

Also let she bought y sandals for $12 each , so money spent on sandals will be 12y dollars .

Thus , 4x + 12y = 40.  (since 40 dollars were remaining for other clothing

                                     items)

So, x + 3y = 10.

So, the possible cases are 1 t-shirt and 3 sandals or

4 t-shirts and 2 sandals or

7 t-shirts and 1 sandals.

7 0
3 years ago
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