Answer:
<em>$7,196.42 </em>
Step-by-step explanation:
Using the compound interest formula to fins the amount after 10years;
A = P(1+r)^n
Principal P = $400,000
Rate r = 8% = 0.08
Time t = 10 years
Substitute
A = 400,000(1+0.08)^10
A = 400,000(1.08)^10
A = 400,000(2.1589)
A = 863,569.99
A ≈ 863,570
Hence the amount after 10 years is $863,570
Monthly deposit = $863,570/120 (10 years is equivalent to 120months)
Monthly deposit = 7,196.42
<em>Therefore he will have to deposit $7,196.42 into his account monthly</em>
Answer:
Answer: I believe that A is the correct answer.
On average, females text more than males.
Step-by-step explanation:
Answer: 1 in 18
This is the same as writing the fraction 1/18
==============================================================
Explanation:
Since she has 36 marbles total, and the probability of picking green is 1 in 2, this means (1/2)*36 = 18 marbles are green.
Then she also has (1/3)*36 = 12 red marbles and (1/9)*36 = 4 blue marbles.
So far, that accounts for 18+12+4 = 34 marbles in all. That leaves 36-4 = 2 marbles left over that must be black, as it's the only color left.
From that, the probability of choosing a black marble is 2/36 = 1/18.
There's a 1 in 18 chance of Maddy picking a black marble.
1/18 = 0.0556 = 5.56% approximately