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Radda [10]
3 years ago
10

Carmen needs $3560 for future project. She can invest $2000 now at annual rate of 7.8%, compound monthly. Assuming that no withd

rawals are made, how long will it take for her to have enough money for her project?
Mathematics
2 answers:
dedylja [7]3 years ago
6 0

Answer:

  7.42 years (7 years 5 months)

Step-by-step explanation:

The future value of Carmen's account can be modeled by

  FV = P(1 +r/12)^(12t)

where P is the principal invested, r is the annual rate, and t is the number of years.

Solving for t, we have ...

  FV/P = (1 +r/12)^(12t)

  log(FV/P) = 12t·log(1 +r/12)

  t = log(FV/P)/(12·log(1 +r/12))

For FV = 3560, P=2000, r = 0.078, the time required is ...

  t = log(3560/2000)/(12·log(1 +.078/12))

  t ≈ 7.42

It will take Carmen about 7 years 5 months to reach her savings goal.

Archy [21]3 years ago
6 0
I’m not sure I think it’s 10
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The lifetime of a certain type of TV tube has a normal distribution with a mean of 61 and a standard deviation of 6 months. What
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Answer:

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P(-0.67

Step-by-step explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

Let X the random variable that represent the lifetime for a TV of a population, and for this case we know the distribution for X is given by:

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Where \mu=61 and \sigma=6

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P(57

And the best way to solve this problem is using the normal standard distribution and the z score given by:

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6 0
3 years ago
Mrs. Kim is teaching a 5th grade class. She is standing 48 feet in front of Lester. Carey is sitting to Lester's right. If Carey
victus00 [196]

Lester and Carey are 14 feet apart

Step-by-step explanation:

Mrs. Kim is teaching a 5th grade class

  • She is standing 48 feet in front of Lester
  • Carey is sitting to Lester's right
  • Carey and Mrs. Kim are 50 feet apart

We need to find how far apart Lester and Carey

Look to the attached figure

The positions of Mrs. Kim, Lester, and Carey formed a right triangle

∵ The distance between Mrs. Kim and Carey is 50 feet

∴ The length of the hypotenuse of the Δ = 50 feet

∵ The distance between Mrs. Kim and Lester is 48 feet

∴ The length of one leg of the Δ = 48 feet

The formula of length of the sides of the right Δ is:

(hypotenuse)^{2}=(leg_{1})^{2}+(leg_{2})^{2}

Substitute the length of the hypotenuse and the length of the given leg in the formula above

∵ (50)² = (48)² + (leg)²

∴ 2500 = 2304 + (leg)²

- Subtract 2304 from both sides

∴ 196 = (leg)²

- Take square for both sides

∴ 14 = leg

∵ This leg represents the distance between Lester and Carey

∴ The distance between Lester and Carey = 14 feet

Lester and Carey are 14 feet apart

Learn more:

You can learn more about the right triangle in brainly.com/question/1238144

#LearnwithBrainly

8 0
3 years ago
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