Given:
Amount borrowed (P)= $25000
Rate of interest (r)= 6%
Time (t)= 4 years.
To find:
The total interest the company pay in all.
Solution:
We know that,
where, A is amount, P is principal, r is rate of interest and t is time period.
Now,
Therefore, the total interest is $6561.924.
Answer:
Step-by-step explanation:
If we approximate the binomial distribution with a normal distribution, we have to apply a correction factor for the fact that we are now dealing with a continuous variable instead of a discrete one, as it was with the binomial distribution.
The probability of no more than 35 defective CDs: P(X<35)
In this case, as X=35 is not included in the interval, we start the interval from X=35-0.5=34.5.
being Pb the probability under the binomial distribution and Pn the probability under the normal distribution.
The area for the normal distribution is the one below X=34 (or P(X<34)).