He would have to sell $20,000 worth of clothes to get $2,000
Answer:
Option A earns higher interest($84115.58)
the difference in interest between the two option is $197.9
Step-by-step explanation:
In the problem we are going to apply both the simple interest formula and compound interest formula and compare which has the best/higher returns
Given data
Principal P= $43,000
Rate r= 6%= 0.06
time t= 3years
n= 4 (applicable for compound interest compounded quarterly)
solving for option A gives her 6% compounded quarterly
the compound interest formula is


Interest is
=$8411.58
solving for option B which gives her 6% simple interest annually
the simple interest formula is

Interest is
= $8213.68
calculating the diference in interest between the two options we have
= $197.9
Option A earns higher interest
Answer:
The percentage that of people who gave the movie a rating between 6.8 and 8.8
<em>P(6.8≤X≤8.8) = 83.9≅ 84 percentage</em>
Step-by-step explanation:
<u> Step(i):-</u>
Mean of the Population = 8.3 points
Standard deviation of the Population = 0.5 points
Let 'X' be the random variable in normal distribution
<em>Let X = 6.8</em>

Let X = 8.8

The probability that of people who gave the movie a rating between 6.8 and 8.8
<em>P(6.8≤X≤8.8) = P(-3≤Z≤1)</em>
= P(Z≤1)- P(Z≤-3)
= 0.5 + A(1) - ( 0.5 -A(-3))
= A(1) + A(3) (∵A(-3)=A(3)
= 0.3413 +0.4986 (∵ From Normal table)
= 0.8399
<u><em>Conclusion:-</em></u>
The percentage that of people who gave the movie a rating between 6.8 and 8.8
<em>P(6.8≤X≤8.8) = 83.9≅ 84 percentage</em>