A=p (1+r)^t
A future value
P present value 4.98
R rate 0.04
T time
After 3 years
A=4.98×(1+0.04)^(3)
A=5.60
7.50=4.98 (1.04)^t
Solve for t
T=log(7.50÷4.98)÷log(1.04)
T=10 years
Hope it helps:-)
I don't know. But I know how to find it. Let's work it out together:
<u>5x = 2x + 20</u>
Subtract 2x from each side: 3x = 20
Divide each side by 3 : <em>x = 20/3</em> or ( 6 and 2/3 ).
Answer:
the pennies does not conform to the US mints specification
Step-by-step explanation:
z = (variate -mean)/ standard deviation
z= 2.5 - 2.4991 / 0.01648 = 0.0546
we are going to check the value of z in the normal distribution table, which is the table bounded by z.
checking for z= 0.0 under 55 gives 0.0219 (value gotten from the table of normal distribution)
we subtract the value of z from 0.5 (1- (0.5+0.0219)) = 0.4781 > 0.05claim
since 0.4781 > 0.05claim, therefore, the pennies does not conform to the US mints specification
the claim state a 5% significance level whereas the calculated significance level is 47.81%. therefore, the claim should be rejected
