Answer:
$19,747.96
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below:

<em>A = total</em>
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
<em />
First, lets change 5.5% into a decimal:
5.5% ->
-> 0.055
Next, plug in the values into the equation:


After 5 years, you will have $19,747.96
Answer=53,040
Explanation: $52,000*0.02=1,040
52,000+1,040=53,040
Answer:
2/1
Step-by-step explanation:
20/10 devided by 10 to both numbers
Answer:
almost 0%
Step-by-step explanation:
Given that for an insurance company with 10000 automobile policy holders, the expected yearly claim per policyholder is $240 with a standard deaviation of 800
using normal approximation, the probability that the total yearly claim exceeds $2.7 million is calculated as follows:
Sea sumatoria de x = SUMX, tenemos que:


= P (z => 3.75)
= 1 - P ( z < 3.75)
P = 1 - 0.999912
P = 0.000088
Which means that the probability is almost 0%