Answer: After 1 year: $5,610
After 2 years: $5,722.20
Step-by-step explanation: Use the formula for periodic compounding interest, which is
A = P(1 + r/n)^(nt), where A is the final amount, P is the initial deposit, r is the interest rate as a decimal, n is the number of times the interest is compounded per year, and t is how many years.
Here, P = 5,500, r = 0.02 (that's 2% as a decimal), n = 1,
t = 1 for the first answer, t = 2 for the second answer (1 year, then for 2 years)
Plug the known values in to solve...
For 1 year...
A = 5,500(1 + 0.02/1)^(1*1)
A = 5,500(1.02)^1
A = 5,610
For 2 years...
A = 5,500(1 + 0.02/1)^(1*2)
A = 5,500(1.02)²
A = 5,722.20
Answer:
95.15%
Step-by-step explanation:
We have that the mean (m) is equal to 20, the standard deviation (sd) 3
They ask us for P (x <25)
For this, the first thing is to calculate z, which is given by the following equation:
z = (x - m) / sd
We have all these values, replacing we have:
z = (25 - 20) / (3)
z = 1.66
With the normal distribution table (attached), we have that at that value, the probability is:
P (z <1.66) = 0.9515
Which means that the probability that it arrives before 25 minutes is 95.15%
Answer:
D
Step-by-step explanation: