How do you factor number 1 ?
1 answer:
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Answer: It will take you about 61 years for you to reach your goal.
Step-by-step explanation:
We will represent this situation by an exponential function. So if you earn 5% yearly then we could represent it by 1.05.So in exponential function we need to find the initial value and the common difference and in this case the common difference is 1.05 and the initial value or amount is 50,000 dollars.
We could represent the whole situation by the equation.
y= where x is the number of years. so if you aspire to have 1,000,000 in some years then we will put in 1 million dollars for y and solve for x.
1,000,000 = 50,000(1.05)^x divide both sides by 50,000
20 = (1.05)^x
x= 61.40
Answer:
Step-by-step explanation:
We are looking for P(58 < x < 64). We need to find the percentage to the left of the z-scores for each of these numbers. To find the z scores, use the formula:
which gives us a z-score of -1. The percentage of numbers to the left of a z-score of -1 is .1586553
Now for the other z-score:
which gives us a z-score of .5. The percentage of numbers to the left of a z-score of .5 is .69146246
The lower percentage subtracted from the higher gives the area in question:
.69146246 - .1586553 = .53280716, or as a percentage, 53.3%, choice A.