Compounded once a year: A=P(1+r)^t
2500=500(1+0.095)^t
1.095^t=5
because the unknown number is an exponent, use log to find the unknown:
log(1.095^t)=log5
tlog1.095=log5
t=log5/log1.095
use your calculator, t=17.734
so this person is about 28 years old.
Answer:
They must rent for less than 7 hours
Step-by-step explanation:
The charge for the room is the fee plus the hourly rate times the hour
f = 33+9.80t
This must be less than 101.60
101.60> 33+9.80t
Subtract 33 from each side
101.60-33> 33-33+9.80t
68.6> 9.80t
Divide each side by 9.8
68.8/9.8 > t
7>t
They must rent for less than 7 hours
Answer:
B) 0.1487
Step-by-step explanation:
Let
be the discrete random variable that represents the number of events observed over a given time period. If
follows a Poisson distribution, then the probability of observing
events over the time period is:

Where:

So, the probability that exactly 5 bankruptcies occur next month is:

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The answer you put is correct