The function 
gives the number of the original trout alive after x years. When the number of the original trout alive is 300, then
Solve this equation:
Answer: after 4.024 year (or 5 year if round to the whole number of years)
The question is an annuity question with the present value of the annuity given.
The
present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) /
(r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number
of payments in a year = 6; n = number of years = 11 years and P is the
periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
Answer:
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Step-by-step explanation:
Answer:
I'm sorry but, this is confusing the way that you put it.
Step-by-step explanation:
Answer:
Binomial distribution,
n = 36 independent events,
p = 0.5 probability of success and of failure, as 1-p = p.
Mean of binomial distribution is np=18.
Variance is np(1-p)=9
Standard deviation is sqrt(variance)=3.
