I need help with decimals on a number line

A gold mine is projected to produce $52,000 during its first year of operation, $50,000 the second year, $48,000 the third year,

marshall27 [118]

Answer:

its present worth is nearest to 483,566

Option d) 483,566 is the correct answer

Step-by-step explanation:

Given that;

gold mine is projected to produce $52,000 during its first year

produce $50,000 the second year

produce $48,000 the third year

the mine is expected to produce for 20yrs; i.e n = 20

annual interest rate = 4% = 0.04%

now let P represent the present worth

we determine the present worth ;

Present worth ⇒ Cashflow(Uniform series present worth) - (2000)(uniform gradient present worth)

⇒Cashflow(P | A,i%,n) - (2000)(P | G,i%,n)

= 52000[ ((1+i)ⁿ - 1) / (i(1+i)ⁿ) ] - (2000)[ {((1+i)ⁿ - 1) / (i²(1+i)ⁿ))} - (n/i(1 + i)ⁿ) ]

= 52000[ ((1+0.04)²⁰ - 1) / (0.04(1+0.04)²⁰) ] - (2000)[ {((1+0.04)20 - 1) / ((0.04)²(1+0.04)²⁰))} - (20/0.04(1 + 0.04)²⁰) ]

= 52000[ ((1.04)²⁰ - 1) / (0.04(1.04)²⁰) ] - (2000)[ {((1.04)²⁰ - 1) / ((0.04)²(1.04)²⁰))} - (20/0.04(1.04)²⁰) ]

= 52000[ ((2.191123 - 1) / (0.04(2.191123) ] - (2000)[ {((2.191123 - 1) / ((0.0016)(2.191123))} - (20/0.04(2.191123) ]

= 52000(1.191123/0.08764) - (2000){( 1.191123/0.003506) - (20/0.87645)}

= 52000(13.59033) - (2000)(339.7582 - 228.1935)

= 52000(13.59033) - (2000)(111.5647)

= 706695.6 - 223129.4

= 483,566.2 ≈ 483,566

Therefore its present worth is nearest to 483,566

Option d) 483,566 is the correct answer

4 0

3 years ago

A real estate agent has 12 properties that she shows. She feels that there is a 30% chance of selling any one property during a

Ronch [10]

Answer:

0.2528 = 25.28% probability of selling no more than 2 properties in one week.

Step-by-step explanation:

For each property, there are only two possible outcomes. Either they are sold, or they are not. The chance of selling any one property is independent of selling another property, which means that the binomial probability distribution is used to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

In which $C_{n,x}$ is the number of different combinations of x objects from a set of n elements, given by the following formula.

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And p is the probability of X happening.

A real estate agent has 12 properties that she shows.

This means that $n = 12$

She feels that there is a 30% chance of selling any one property during a week.

This means that $p = 0.3$

Compute the probability of selling no more than 2 properties in one week.

2 or less sold, which is:

$P(X \leq 2) = P(X = 0) + P(X = 1) + P(X = 2)$

In which

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

$P(X = 0) = C_{12,0}.(0.3)^{0}.(0.7)^{12} = 0.0138$

$P(X = 1) = C_{12,1}.(0.3)^{1}.(0.7)^{11} = 0.0712$

$P(X = 2) = C_{12,2}.(0.3)^{2}.(0.7)^{10} = 0.1678$

Then

$P(X \leq 2) = P(X = 0) + P(X = 1) + P(X = 2) = 0.0138 + 0.0712 + 0.1678 = 0.2528$

0.2528 = 25.28% probability of selling no more than 2 properties in one week.

8 0

3 years ago

greg invested $20 and qudrupled his money in five years.sabrena also invested $20 and after five years the amount was eqaul to 2

const2013 [10]

Answer:

The money of Greg after five years is $80

The money of Sabrena after five years is $160,000

So,The money of Sabrena is more than Greg after five years .

Step-by-step explanation:

Given as :

Greg invested $20 and quadrupled his money in five years

Let the quadrupled money after five years = $x

∵ quadrupled means the money becomes 4 times of previous

So, x = $20 × 4

i.e x = $80

So, The money of Greg after five years is $80

Again

Sabrena invested $20 and after five years money becomes 20 to the fourth power

Let the money after 20 to the fourth power = $y

So, y = $20^{4}$

i.e y = 160,000

So, The money of Sabrena after five years is $160,000

∵ Sabrena money is more than Greg money

Hence, The money of Sabrena is more after five years . Answer

6 0

3 years ago

Find the area of the shape shown below plz help

Arturiano [62]

Answer:

60? I'm really not sure mate, i'm really sorry if it's wrong.

Step-by-step explanation:

7 0

3 years ago

There are 25 rows of seats. There are 5 seats in each row. How many<br> seats are there in all?

timurjin [86]

Answer:

looks like 125 seats in total..good luck

7 0

2 years ago

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