What is the answer for this problem? -6.6-(-7.27)

You deposit $200 in an account earning 3.5% simple interest how long will it take for the balance of the account to be $221

Rus_ich [418]

It takes 3 years for the balance of account to be $ 221

Solution:

From given information,

Principal = $ 200

Rate of interest = 3.5 %

Amount after "n" years = $ 221

To find: number of years

In simple Interest,

Simple interest = amount earned - principal

Simple interest = 221 - 200 = 21

Thus simple interest earned is $ 21

The formula for simple interest is given as:

$simple\ interest = \frac{ p \times n \times r}{100}$

Where,

p is the principal

n is the number of years

r is the rate of interest per annum

Substituting the given values in formula,

$21 = \frac{200 \times n \times 3.5}{100}\\\\21 = 2n \times 3.5\\\\n = \frac{21}{7}\\\\n = 3$

Thus it takes 3 years for the balance of account to be $ 221

7 0

4 years ago

Should the Supreme Court uphold or strike down DACA? Explain.

frez [133]

Answer:

The supreme court should up hold DACA.

Step-by-step explanation:

I don't know much about the issue but that DACA is bacicly the way for immigrants to come to the US legally. it is unconstitutional in the US to not. let immigrants have a way to enter the US in in a legal way.

5 0

3 years ago

The solution set for 7q2 − 28 = 0 is { }. (Separate the solutions with a comma) NextReset

SVETLANKA909090 [29]

7q^2 - 28 = 0

7q^2 = 28
q^2 = 4
q = +/-2
solution set is {-2,2}

6 0

3 years ago

Read 2 more answers

A study of long-distance phone calls made from General Electric's corporate headquarters in Fairfield, Connecticut, revealed the

Jet001 [13]

Answer:

a) 0.4332 = 43.32% of the calls last between 3.6 and 4.2 minutes

b) 0.0668 = 6.68% of the calls last more than 4.2 minutes

c) 0.0666 = 6.66% of the calls last between 4.2 and 5 minutes

d) 0.9330 = 93.30% of the calls last between 3 and 5 minutes

e) They last at least 4.3 minutes

Step-by-step explanation:

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean $\mu$ and standard deviation $\sigma$ , the zscore of a measure X is given by:

$Z = \frac{X - \mu}{\sigma}$

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this problem, we have that:

$\mu = 3.6, \sigma = 0.4$

(a) What fraction of the calls last between 3.6 and 4.2 minutes?

This is the pvalue of Z when X = 4.2 subtracted by the pvalue of Z when X = 3.6.

X = 4.2

$Z = \frac{X - \mu}{\sigma}$

$Z = \frac{4.2 - 3.6}{0.4}$

$Z = 1.5$

$Z = 1.5$ has a pvalue of 0.9332

X = 3.6

$Z = \frac{X - \mu}{\sigma}$

$Z = \frac{3.6 - 3.6}{0.4}$

$Z = 0$

$Z = 0$ has a pvalue of 0.5

0.9332 - 0.5 = 0.4332

0.4332 = 43.32% of the calls last between 3.6 and 4.2 minutes

(b) What fraction of the calls last more than 4.2 minutes?

This is 1 subtracted by the pvalue of Z when X = 4.2. So

$Z = \frac{X - \mu}{\sigma}$

$Z = \frac{4.2 - 3.6}{0.4}$

$Z = 1.5$

$Z = 1.5$ has a pvalue of 0.9332

1 - 0.9332 = 0.0668

0.0668 = 6.68% of the calls last more than 4.2 minutes

(c) What fraction of the calls last between 4.2 and 5 minutes?

This is the pvalue of Z when X = 5 subtracted by the pvalue of Z when X = 4.2. So

X = 5

$Z = \frac{X - \mu}{\sigma}$

$Z = \frac{5 - 3.6}{0.4}$

$Z = 3.5$

$Z = 3.5$ has a pvalue of 0.9998

X = 4.2

$Z = \frac{X - \mu}{\sigma}$

$Z = \frac{4.2 - 3.6}{0.4}$

$Z = 1.5$

$Z = 1.5$ has a pvalue of 0.9332

0.9998 - 0.9332 = 0.0666

0.0666 = 6.66% of the calls last between 4.2 and 5 minutes

(d) What fraction of the calls last between 3 and 5 minutes?

This is the pvalue of Z when X = 5 subtracted by the pvalue of Z when X = 3.

X = 5

$Z = \frac{X - \mu}{\sigma}$

$Z = \frac{5 - 3.6}{0.4}$

$Z = 3.5$

$Z = 3.5$ has a pvalue of 0.9998

X = 3

$Z = \frac{X - \mu}{\sigma}$

$Z = \frac{3 - 3.6}{0.4}$

$Z = -1.5$

$Z = -1.5$ has a pvalue of 0.0668

0.9998 - 0.0668 = 0.9330

0.9330 = 93.30% of the calls last between 3 and 5 minutes

(e) As part of her report to the president, the director of communications would like to report the length of the longest (in duration) 4% of the calls. What is this time?

At least X minutes

X is the 100-4 = 96th percentile, which is found when Z has a pvalue of 0.96. So X when Z = 1.75.

$Z = \frac{X - \mu}{\sigma}$

$1.75 = \frac{X - 3.6}{0.4}$