It is given in the question that,
Since we have the value of r given, so we have to use the formula to find the nth term of the geometric progression, which is
Substituting the values of a and r, we will get
So the correct option is the third option .
Answer: His checking account balance is $2,800.
Step-by-step explanation: What Hayden is doing is comparing his assets against his liabilities. This will determine his net worth. His assets ideally are those that increase his net worth such as landed properties, etc while his liabilities in the simplest language are those debts he is paying off either right away, or that he must pay off eventually.
In other words, to determine his net worth, Hayden has to add up all his assets and from the total derived, deduct his liabilities.
Consider the calculations below;
NET WORTH: $17,550
Add ASSETS
Automobile 13600
Retirement Account 6700
Checking Account XX
Less LIABILITIES
Student Loan 4800
Credit card debt 750
Net Worth <u>17550</u>
The above table can be simplified as follows;
Net worth = Assets - Liabilities
17550 = 20300 + XX - 5550
Collecting like terms, you now have;
17550 -20300 +5550 = XX
2800 = XX
The Checking Account represented by XX is now calculated as $2,800
Attached is a screenshot of spreadsheet used to do this problem.
You will see the excel functions used for each column. The average score is highlighted in blue.
The area to the right of z = 1.35 is 0.0885 and the area to the left of -0.47 is 0.3192.
<h3>How to compute the values?.</h3>
Given z = 1.35
= 1- P(z < 1.35)
= 1- 0.9115
= 0.0885
The area to the left of -0.47 will be:
= 1 - P(z < 0.47)
= 1 - 0.6808
= 0.3192
Learn more about normal curve on:
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