We have been given that in an account an amount of 7,650 is invested at 9.15 percent compounded quarterly for 8 years and 6 months.
We will use compound interest formula to find our answer.
,
Where, P= principle amount, A= amount after T years, n= period of compounding and r = interest rate (decimal).
Let us substitute our given values in our formula.
Therefore, after 8 years and 6 months our amount will be 16505.497.
Answer:
0.1 = 10% probability that the class length is between 51.5 and 51.7 min, that is, P(51.5 < X < 51.7) = 0.1.
Step-by-step explanation:
A distribution is called uniform if each outcome has the same probability of happening.
The uniform distributon has two bounds, a and b, and the probability of finding a value between c and d is given by:
The lengths of a professor's classes has a continuous uniform distribution between 50.0 min and 52.0 min.
This means that
If one such class is randomly selected, find the probability that the class length is between 51.5 and 51.7 min.
0.1 = 10% probability that the class length is between 51.5 and 51.7 min, that is, P(51.5 < X < 51.7) = 0.1.