Answer: 0.000007638035
Step-by-step explanation:
We can use the formula for compound interest to solve this.
Now, the formula goes thus:
A = P ( 1 + r/n)^nt
Where A is the amount compounded, P is the initial amount I.e the principal, r is the rate in % , t is the time while n is the number of times the interest is compounded per time I.e how many times per year.
From the question, we get the following parameters, A = $1912.41 , P = ? , t = 15 years, r = 2.63% and n = 1 of course.
Now, we substitute these into the formula
1912.41 = P ( 1 + 2.63) ^ 15
1912.41 = P ( 3.63) ^ 15
1912.41 = P ( 250,379,850)
P = 1912.41 ÷ 250,379,850
P = 0.000007638035
Looks pretty funny an answer right?
5.5 is your answer your welcome
<span>The number 80 is <span>25%</span> of <span>320</span></span>
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Hello, what you are looking for is the term z-score. z-score is the standardized score that has been developed for statistics to compare data from different scales. By using the mean and standard deviation of the data values, a z-score is calculated and comparisons can be deduced even if the two data sets have different scales.
For example, if a z-score is 1.33, then it is 1.33 standard deviations from the mean. This result is more typical compared to a z-score of 3 meaning that it is 3 standard deviations from the mean.
