Answer:
A = P(1 + r)t
Step-by-step explanation:
account balance, to the nearest cent, after: Year 1? Year 2? Year 3? Year 4? ... -To calculate compound interest we use the formula below where A = total balance after t years, P = principal amount (amount borrowed or invested), r = interest ... annually. a) How much money will Jack have after 1 year? b) How much money ...
The present value of the investment is $6000.
According to the statement
Principal amount = $500
and Return amount = 10.5%
Time period = 20 years.
Now we find the present value of money then
By the formula
PV = P[1-(1+r)^n]/r
PV = 500[1-(1+0.10)^20]/0.10
PV = 6000
So, The present value of the investment is $6000.
Learn more about Return Amount here brainly.com/question/2456547
#SPJ1
Answer:
23.83
Step-by-step explanation:
Answer:
P(X > 5) = 0.1164 to 4 d.p.
The parameters are defined in the explanation.
Step-by-step explanation:
This is a binomial distribution problem
Binomial distribution function is represented by
P(X = x) = ⁿCₓ pˣ qⁿ⁻ˣ
n = total number of sample spaces = number of potential hires = 10
x = Number of successes required = number of potential hires that have prior call centre experience = more than half; that is, x > 5
p = probability of success = probability that any potential hire will have experience = (11/30) = 0.367
q = probability of failure = probability that any potential hire will NOT have experience = 1 - p = 1 - 0.367 = 0.633
P(X > 5) = P(X=6) + P(X=7) + P(X=8) + P(X=9) + P(X=10)
Inserting the parameters and computing the probabilities for each of those values of X,
P(X > 5) = 0.11641775484 = 0.1164 to 4 d.p.
Hope this Helps!!!
Hey there!
The actual answer for the problem would be 
The answer is not 
So, this make this statement 
Good luck on your assignment and enjoy your day!
~
