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Ad libitum [116K]
3 years ago
11

Edin has £300 in his savings account. His bank offers him a fixed 5% simple interest rate per annum, for a period of 3 years. Ho

w much interest will he have earnt after 3 years?
Mathematics
1 answer:
satela [25.4K]3 years ago
3 0

Answer: her interest in 3 years is $45

Step-by-step explanation:

For simple interest, the principal is not compounded. The interest is only on the original capital. The formula for simple interest is expressed as

I = PRT/100

Where

I represents the interest on the principal

P represents the initial amount

R represents the interest rate.

T represents the time in years.

From the information given

P = $300

R = 5%

T = 3 years

I = 300×5×3)/100

I = 4500/100 = 45

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Lastima Nelson, Inc. is recruiting a new Chief Financial Officer (CFO). The recruiting budget is $44,000. Lastima has spent $10,
Musya8 [376]
The budget is $44000

Total spent so far is $10000 + $8500 = $18500

The amount left to spend = 44000 - 18500 = $25500

$25500 is the maximum 6% commission that Lastima Nelson Inc. can spend and stays within the budget

Let the maximum price of the home be x
This value of x will be the 100% before the 6% commission is calculated of it.

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5 0
3 years ago
Simplify Rewrite the expression in the form 5 ^ n. (5/10)/(5/12) =
Amiraneli [1.4K]

Answer:

5^{-2}

Step-by-step explanation:

5^{(10-12)}

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3 years ago
The distribution of heights for adult men in a certain population is approximately normal with mean 70 inches and standard devia
KengaRu [80]

Answer:

The interval (meassured in Inches) that represent the middle 80% of the heights is [64.88, 75.12]

Step-by-step explanation:

I beleive those options corresponds to another question, i will ignore them. We want to know an interval in which the probability that a height falls there is 0.8.

In such interval, the probability that a value is higher than the right end of the interval is (1-0.8)/2 = 0.1

If X is the distribuition of heights, then we want z such that P(X > z) = 0.1. We will take W, the standarization of X, wth distribution N(0,1)

W = \frac{X-\mu}{\sigma} = \frac{X-70}{4}

The values of the cumulative distribution function of W, denoted by \phi , can be found in the attached file. Lets call y = \frac{z-70}{4} . We have

0.1 = P(X > z) = P(\frac{X-70}{4} > \frac{z-70}{4}) = P(W > y) = 1-\phi(y)

Thus

\phi(y) = 1-0.1 = 0.9

by looking at the table, we find that y = 1.28, therefore

\frac{z-70}{4} = 1.28\\z = 1.28*4+70 = 75.12

The other end of the interval is the symmetrical of 75.12 respect to 70, hence it is 70- (75.12-70) = 64.88.

The interval (meassured in Inches) that represent the middle 80% of the heights is [64.88, 75.12] .

Download pdf
8 0
2 years ago
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