To find the total amount, you will use the formula for finding compounded interest. This means you will be paid interest on top of the interest you have earned each year.

A = P(1 + r)^nt
P stands for the principal.
r is the interest rate when compounded annually
nt is the number of years

A = 17.50(1 + 0.04)^25
A = $46.65

This person would have $46.65 after 25 years.

6 0

3 years ago

a salesperson earns $25 per day plus $2.50 for every sale. He normally earns $100 per day. How many sales does he normally get.

Dahasolnce [82]

He makes about 30 sales because he makes $100 typically but always makes a minimum of $25 making $75 worth of his sales. If you multiply 30 and $2.50 you get $75 in sales. His $25 minimum and $75 in sales make $100. So he makes 30 sales.

3 0

3 years ago

The stock price for International Business Machines (IBM) historically has followed an approximately normal distribution (when a

olganol [36]

Answer:

0.494 is the probability that on a selected day the stock price is between $186.26 and $192.47.

Step-by-step explanation:

We are given the following information in the question:

Mean, μ = $188.876

Standard Deviation, σ = $4.6412

We are given that the distribution of stock price is a bell shaped distribution that is a normal distribution.

Formula:

$z_{score} = \displaystyle\frac{x-\mu}{\sigma}$

P(stock price is between $186.26 and $192.47)

$P(186.26 \leq x \leq 192.47) = P(\displaystyle\frac{186.26 - 188.876}{4.6412} \leq z \leq \displaystyle\frac{192.47-188.876}{4.6412}) = P(-0.5636 \leq z \leq 0.7743)\\\\= P(z \leq 0.7743) - P(z < -0.5636)\\= 0.781 - 0.287 = 0.494 = 49.4\%$

$P(186.26 \leq x \leq 192.47) = 49.4\%$

0.494 is the probability that on a selected day the stock price is between $186.26 and $192.47.

5 0

3 years ago