We have been given that in an account an amount of 7,650 is invested at 9.15 percent compounded quarterly for 8 years and 6 months.
We will use compound interest formula to find our answer.
,
Where, P= principle amount, A= amount after T years, n= period of compounding and r = interest rate (decimal).
Let us substitute our given values in our formula.
Therefore, after 8 years and 6 months our amount will be 16505.497.
Answer:
The highest total cholesterol level a man in this 35–44 age group can have and be in the lowest 10% is 160.59 milligrams per deciliter.
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
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:
Find the highest total cholesterol level a man in this 35–44 age group can have and be in the lowest 10%.
This is the 10th percentile, which is X when Z has a pvalue of 0.1. So X when Z = -1.28.
The highest total cholesterol level a man in this 35–44 age group can have and be in the lowest 10% is 160.59 milligrams per deciliter.