Answer:
The better deal would be simple interest rate of 3.2%
Step-by-step explanation:
In order to calculate which bank would be the better deal If Parker decides to deposit $7,000 for 25 years, we would have to make the following calculation:
A. simple interest rate of 3.2%.
Therefore, FV= P*r*t
=$7,000*3.2%*25
=$5,600.
B. compound interest rate of 3%
Therefore, FV=PV(1+r)∧n
FV=$7,000(1+0.03)∧25
FV=$14,656
The better deal would be simple interest rate of 3.2%
total number of tiles is 6. the number of yellow or purple tiles i 1+3 = 4.
So the probability of a yellow or purple tile is 4/6=2/3
Answer:
0.97725
Step-by-step explanation:
Given :
Population mean, μ = 4.2
Population standard deviation, σ = 1.8
Sample size, n = 36
Obtain the Zscore of x = 4.8
Zscore = (x - μ) ÷ (σ / √n)
Zscore = (4.8 - 4.2) ÷ (1.8 / √36)
Zscore = 0.6 ÷ 0.3
Z = 2
Hence,
P(Z ≤ 2)
Using the Z probability calculator :
P(Z ≤ 2) = 0.97725
Answer:
Step-by-step explanation:
Who knows
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