Amount earned in compound interest = P(1 + r)^n; where P is the principal, r is the rate and n is the number of periods.
Amount = 3,000(1 + 14%)^6 = 3,000(1 + 0.14)^6 = 3,000(1.14)^6 = $6,584.91
Answer:
x=-18-1/2y
Step-by-step explanation:
4x-72=8x+2y
-4x=72+2y
-x=18+1/2y
x=-18-1/2y
Answer:
a. 0.06166
b. 0.9447
Step-by-step explanation:
15 percent is the probability it will rain on any given day. P = 0.15
lets define x as the number of days it will rain in one week.
this solution will follow a binomial distribution.
p(X=x) = nCxP^x(1-p)^x
n = 7
x = 3
1-p = 0.85
p =0.15
inserting these values into the formula
p(X=3)=7C3(0.15)^3(0.85)^4
= 7!/4!3! × 0.003375 × 0.5220
= 35 × 0.003375 × 0.5220
= 0.06166
sd = √np(1-p)
= √7 × 0.15(0.85)
= 0.9447