Answer:
1
Step-by-step explanation:
everything is!!!
Answer:
0.5962
Step-by-step explanation:
Given that :
p = 61% = 0.61
q = 1 - p = 1 - 0.61 = 0.39
n = 154 ; x = 93
Using the binomial probability formula :
P(x =x) = nCx * p^x * (1 - p)^(n - x)
P(x>=93) = p(x=93)+p(x=94)+...+p(x=n)
P(x>= 93) = 0.59619
P(x>= 93) = 0.5962
4% compounded monthly: $10000(1+0.04/12)^36 = $11272.72
3.5% compounded continuously: $10000e^[0.035*3] = $11107.11.
Which one pays the most in interest?
A = p(1 + r/n)^nt
p = principal
r = rate, change to a decimal
n = number of times it is compounded per year
t = time in years
A = 10,000(1 + .055/12)^(12*(44/12))
Since the time is in months and the formulas is in years, I put the (44/12) to represent the time. This will actually simplify to 44.
A = 10,000(1 + .055/12)^(44)
A = $ 12,228.77
Answer:
0.38 and 0.7 maybe it's the answer
Step-by-step explanation:
power of 10 in above questions are 2 and 3 respectively
