What is the solution set of the equation above?
1 answer:
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The formula we use for continuous compounding is 
where P is the initial amount invested, r is the rate as a decimal, and t is time in years. Our P = 1300, our r = .042, and our t = 5.75 (9 months is 3/4 of a year, and 3/4 in a decimal is .75). Putting all that into our formula we have 
. We have to multiply those 2 powers together and then raise euler's number to it, then multiply by 1300. Doing all of that, we get the amount at the end to be $1,655.10
Answer:
a. Probability of landing on red =
b. <em>See Explanation</em>
Step-by-step explanation:
Given
A Spinner
Number of section = 10 (equal sized)
Number of red section = 2
Required
- Probability of landing on red
- Describe the probability in words
Calculating the probability of landing on red
The formula used in calculating probability is as follows
Probability = Number of required outcomes / Number of possible outcomes
In this case, the number of required outcomes is the number of red section.
Hence, number of required outcomes = 2
And the number of possible outcomes is the total section of the spinner
Hence, Number of possible outcomes = 10
By Substitution
Probability of landing on red =
Probability of landing on red =
Describe the probability in words
From (a) above, we have that the probability of the spinner landing on color red is
This means that, for every five times, you spin the spinner, it's likely that one of the outcomes will be red.