Don’t know how to solve 3 and 4 I’m not sure if I started them right
1 answer:
You might be interested in
Answer:
Total amount that Matthew's bank will receive is $10099.81.
Step-by-step explanation:
We need to find the amount Matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 percent, compounded annually.
The formula for compound interest is:
Where A = future value
P= Principal Amount
r = interest rate
and n= time
So in the question we are given:
P= $8000
r = 6% or 0.06
t = 4 (since 4 yeras compounded annually)
A= 8000*(1+0.06)^4
A= 8000*(1.06)^4
A= 10099.81
So, total amount that Matthew's bank will receive is $10099.81.
A)
B)In 200 times he can hit 59 times !
<u>Step-by-step explanation:</u>
Here we have , A baseball player got a hit 19 times in his last 64 times at bat. We need to find the following :
a. What is the experimental probability that the player gets a hit in an at bat?
According to question ,
Favorable outcomes = 19
Total outcomes = 64
Probability = (Favorable outcomes)/(Total outcomes) i.e.
⇒
⇒
b. If the player comes up to bat 200 times in a season, about how many hits is he likely to get?
According to question , In 64 times he hit 19 times . In 1 time there's probability to hit 0.297 times! So ,In 200 times he can hit :
⇒
⇒ Hit = 59.36
Therefore , In 200 times he can hit 59 times !