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3 years ago

Rachel deposited $200 into an account that earns 6% interest, compound twice a year for 10 years. A=P(1+ r n ) n

Mathematics

1 answer:

romanna [79]3 years ago

5 0

Answer:

She will have $361.22 after 10 years

Step-by-step explanation:

For the formula A = P(1 + r/n)^(nt),

r needs to be input as a decimal

n is the number of times the interest is compounded annually

t is how many years the interest compounded

P is the initial principle

A is the final amount of money in the account

For this problem...

r = 0.06 (6% as a decimal)

n = 2 (compounded twice a year)

t = 10 (the money was left in for 10 years)

P = 200 (the initial principle)

A = final amount, we need to solve for this

Plug these values into the equation and solve for A

A = P(1 + r/n)^(nt) becomes A = 200(1 + 0.06/2)^(2x10)

which simplifies to A = 200(1.03)^20

which simpifies to A = $361.22

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At a certain gas station, 40% of the customers use regular gas (A1), 35% use plus gas (A2), and 25% use premium (A3). Of those c

grandymaker [24]

Answer:

a.)

P( A₂ ∩ B ) = P(B | A₂) × P(A₂)

P( A₂ ∩ B ) = 0.40 × 0.35

P( A₂ ∩ B ) = 0.14

b.)

P(B) = P( A₁ ∩ B ) + P( A₂ ∩ B ) + P( A₃ ∩ B )

P(B) = 0.08 + 0.14 + 0.125

P(B) = 0.345

c.)

For regular gas:

P(A₁ | B) = P( A₁ ∩ B ) / P(B)

P(A₁ | B) = 0.08 / 0.345

P(A₁ | B) = 0.232

For plus gas:

P(A₂ | B) = P( A₂ ∩ B ) / P(B)

P(A₂ | B) = 0.14 / 0.345

P(A₂ | B) = 0.406

For premium gas:

P(A₃ | B) = P( A₃ ∩ B ) / P(B)

P(A₃ | B) = 0.125 / 0.345

P(A₃ | B) = 0.362

Step-by-step explanation:

We are given the following information

40% of the customers use regular gas (A2)

P(A₁) = 0.40

35% use plus gas (A2)

P(A₂) = 0.35

25% use premium (A3)

P(A₃) = 0.25

Of those customers using regular gas, only 20% fill their tanks (event B).

P(B | A₁) = 0.20

Of those customers using plus, 40% fill their tanks

P(B | A₂) = 0.40

Whereas of those using premium, 50% fill their tanks.

P(B | A₃) = 0.5

a) What is the probability that the next customer will request plus gas and fill their tank?

We are asked to find P(A₂ ∩ B) = ?

Recall that Multiplicative law of probability is given by

P( A₂ ∩ B ) = P(B | A₂) × P(A₂)

P( A₂ ∩ B ) = 0.40 × 0.35

P( A₂ ∩ B ) = 0.14

b) What is the probability that the next customer fills the tank?

We are asked to find P(B) = ?

P(B) = P( A₁ ∩ B ) + P( A₂ ∩ B ) + P( A₃ ∩ B )

P( A₂ ∩ B ) is already calculated, we need to calculate

P( A₁ ∩ B ) and P( A₃ ∩ B )

So,

P( A₁ ∩ B ) = P(B | A₁) × P(A₁)

P( A₁ ∩ B ) = 0.20 × 0.40

P( A₁ ∩ B ) = 0.08

P( A₃ ∩ B ) = P(B | A₃) × P(A₃)

P( A₃ ∩ B ) = 0.50 × 0.25

P( A₃ ∩ B ) = 0.125

Finally,

P(B) = P( A₁ ∩ B ) + P( A₂ ∩ B ) + P( A₃ ∩ B )

P(B) = 0.08 + 0.14 + 0.125

P(B) = 0.345

c) If the next customer fills the tank, what is the probability that the regular gas is requested? Plus? Premium

For regular gas:

P(A₁ | B) = P( A₁ ∩ B ) / P(B)

P(A₁ | B) = 0.08 / 0.345

P(A₁ | B) = 0.232

For plus gas:

P(A₂ | B) = P( A₂ ∩ B ) / P(B)

P(A₂ | B) = 0.14 / 0.345

P(A₂ | B) = 0.406

For premium gas:

P(A₃ | B) = P( A₃ ∩ B ) / P(B)

P(A₃ | B) = 0.125 / 0.345

P(A₃ | B) = 0.362

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