Answer:
67.75%
Step-by-step explanation:
Given:
Given that:
µ = 76 ; σ = 4.7
P(x < 80.7) - P(x < 71.4)
Obtain the standardized score, Z ; x = 71. 4
Zscore = (x - μ) / σ
P(x < 71.4) = (71.4 - 76) / 4.7
P(x < 71.4) = - 4.6 / 4.7
P(x < 71.4) = - 0.9787
P(z < 0.9787) = 0.16386
x = 80.7
P(x < 80.7) = (80.7 - 76) / 4.7
P(x < 80.7) = 4.7 / 4.7
P(x < 80.7) = 1
P(z < 1) = 0.84134
0.84134 - 0.16386 = 0.67748 = 67.748% = 67.75%
Answer:
$1015.11
Step-by-step explanation:
Compounded interest rate formula: A = P(1 + r/n)^t
Step 1: Plug in known variables
A = 1000(1 + 0.005/12)^36
Step 2: Multiply it all together
1000(1.00042)^36
1000(1.01511)
1015.11
This is a pretty bad bank considering only giving you .5% interest per month.
30 000 + 7 000 + 800 + 30 + 1
