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lubasha [3.4K]
3 years ago
12

Connor borrows $8,000 at a rate of 19% interest per year. What is the amount due at the end of 7 years if the interest is compou

nded continuously?
Mathematics
2 answers:
goldenfox [79]3 years ago
5 0
19 * 7 = 133 * 8,000 = $1,064,000
luda_lava [24]3 years ago
4 0
0.19 * 7 = 1.33 * 8,00 = 10,640
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The amounts a soft drink machine is designed to dispense for each drink are normally distributed, with a mean of 12.1 fluid ounc
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Answer:

\mu = 12.1\\\sigma = 0.3

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We are supposed to find P(x<11.9)

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z=\frac{11.6-12.1}{0.3}

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We will use z score formula :

z=\frac{x-\mu}{\sigma}

z=\frac{11.9-12.1}{0.3}

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So, P(11.6<x<11.9)= P(x<11.9)-P(x<11.6)

P(-1.67<z<-0.67)= P(z<-0.67)-P(z<-1.67)

Refer the z table

P(-1.67<z<-0.67)= P(z<-0.67)-P(z<-1.67)

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x= 12.6

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z=\frac{x-\mu}{\sigma}

z=\frac{12.6-12.1}{0.3}

z=1.67

Refer the z table

P(x>12.6)=1-P(x<12.6)

P(z>1.67)=1-P(z<1.67)

P(z>1.67)=1-0.9525

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Since p value is less than  alpha (0.05)

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