Answer:
$8950.37
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), in which P is the initial amount of money (the principal), r is the interest rate as a decimal fraction, n is the number of times per year that interest is compounded, and t is the number of years.
Here we have A = $11,000, n = 2, r = 0.07 and t = 3, and so:
$11,000 = P(1 + 0.07/2)^(2*3), or
$11,000 = P (1.035)^6
$11,000 $11,000
Solving for P, we get P = ---------------- = ------------- = $8950.37
1.035^6 1.229
Depositing $8950.37 with terms as follows will result in an accumulation of $11,000 after 3 years.
Answer:
B
Step-by-step explanation:
Answer:
0.0417
Step-by-step explanation:
Given the following;
p = 0.7, n=121
The sampling distribution of sample proportion will be approximately normal with mean
\mu_{\hat{p}}=p=0.7
and standard deviation
\sigma_{\hat{p}}=\sqrt{\frac{p(1-p)}{n}}=\sqrt{\frac{0.7\cdot 0.2}{121}}=0.0417
Check attachment for the curve diagram.
Answer:
41000 meters
Step-by-step explanation:
multiply the length value by 1000
The speed at which they are moving apart = 475 + 525 = 1000 mi/h
Time = distance / speed
= 6000 / 1000 = 6 hours
The answer is 6 hours.
