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Sonja [21]
3 years ago
15

A customer deposits $500 in an account that pays 4% annual interest. What is the balance after 3 years if the interest is compou

nded annually?
Mathematics
2 answers:
Gnesinka [82]3 years ago
7 0

Answer: $562.43

Step-by-step explanation:

i got it right on edge 2020

lana [24]3 years ago
6 0

A(t) = P(1+(r/n))^(nt)

A(3) = 500(1+0.04/1))^(1*3)

A(3) = 500(1.04)^3

A(3) = $562.43
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The chief chemist for a major oil and gasoline production company claims that the regular unleaded gasoline produced by the comp
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Answer:

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Step-by-step explanation:

This is a normal distribution problem

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But the standard deviation of the sample is related to the standard deviation of the population through the relation

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The probability of finding an average in excess of 4.3 ounces of this ingredient from 100 randomly inspected 1-gallon samples of regular unleaded gasoline = P(x > 4.3)

To do this, we first normalize/standardize the 4.3 ounces

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To determine the probability of finding an average in excess of 4.3 ounces of this ingredient from 100 randomly inspected 1-gallon samples of regular unleaded gasoline = P(x > 4.3) = P(z > 2.5)

We'll use data from the normal probability table for these probabilities

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