Mrs. Blake's bill at a restaurant was $42.75. She wants to leave the waiter an 18% tip. How much will she pay in all, including
1 answer:
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<u>Answer-</u>
<em>The amount will be </em><em>$8944.62</em><em> after 5 years.</em>
<u>Solution-</u>
We know that,
Where,
P = Payment = $50 monthly
r = rate of interest compounded monthly=
n = number of period = 5 years = 5×12 = 60 months
Putting the values in the formula,
Therefore, the amount will be $8944.62 after 5 years.
Answer:
No, the on-time rate of 74% is not correct.
Solution:
As per the question:
Sample size, n = 60
The proportion of the population, P' = 74% = 0.74
q' = 1 - 0.74 = 0.26
We need to find the probability that out of 60 trains, 38 or lesser trains arrive on time.
Now,
The proportion of the given sample, p =
Therefore, the probability is given by:
P
P
Therefore, Probability of the 38 or lesser trains out of 60 trains to be on time is 0.0298 or 2.98 %
Thus the on-time rate of 74% is incorrect.