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3 years ago

13

You invest $12,000 at 3.8% annual interest compounded annually. How much will you have at the end of 5 years?

1 answer:

Serjik [45]3 years ago

3 0

Answer:

The answer is 60,000.

Step-by-step explanation:

If you invest 12,000 at 3.8 annual interest. Annual means yearly, so that's every year. 12,000 x 5 is 60,000 that's why the answer is 60,000. If the answer is incorrect or correct let me know. If it's correct, mark me as brainlest, give me a rating, or say thank you! Have A Great Day.

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Wittaler [7]

Answer:

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Step-by-step explanation:

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$P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}$

In which

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e = 2.71828 is the Euler number

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This means that for 1 week, $\mu = \frac{3}{20} = 0.15$

Calculate the probability that there will not be more than one failure during a particular week.

Probability of at most one failure, so:

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

Then

$P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}$

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0.9898 = 98.98% probability that there will not be more than one failure during a particular week.

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