Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
The expected value of health care without insurance is $437.25.
The expected value of health care with insurance is $1,636.40.
<h3>What are the expected values?</h3>
The expected values can be determined by multiplying the respective probabilities by its associated costs.
The expected value of health care without insurance = (1 x 0) + (0.32 x 1050) + (0.45 x $225) = $437.25.
The expected value of health care with insurance = (1 x 1580) + (0.32 x 75) + (0.45 x $72) = $1,636.40.
To learn more about multiplication, please check: brainly.com/question/13814687
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Answer:
A ≈ 2.83 units²
Step-by-step explanation:
The area (A) of the sector is calculated as
A = area of circle × fraction of circle
= πr² × 
= π × 3² × 
= 
≈ 2.83 units² ( to the nearest hundredth )
Answer:
At 7% $54,000
At 9% $156,000
Step-by-step explanation:
Let x be the amount invested at 7%, Then 2x + 48000 will be the amount invested at 9%
We know that:
7% = 0.07 & 9% = 0.09
So we can write the interest equation as follows:
0.07x + 0.09 (2x + 48000) = 17820
0.07x + 0.18x + 4320 = 17820
0.25x + 4320 = 17820
Subtracting 4320 from both sides of the equation we get:
0.25x = 17820 - 4320
0.25x = 13500
Dividing both sides of the equation by 0.25 we get:
x = 13500 / 0.25
x = $54,000 invested at 7%
&
2 x 54000 + 48000
= $156,000 invested at 9%
Hence the amount invested at 7% is $54,000.
& the amount invested at 9% is $156,000.
5 is the answer
I used my phone
