2900 dollars is placed in an account with an annual interest rate of 9% Wirte an equation that calculates how many dollars will
1 answer:
Answer:
The amount that will be in the account will be $(2900 +261x)
Step-by-step explanation:
We know that the amount of money that will be in the account will be a sum of the initial principal ($2900) and the interest that is accrued after x years.
Since we already know the principal, we will have to calculate the interest that is accrued after x years.
we can use the formula:
Interest = (principal X rate X time)/ 100
Interest =
Therefore the amount that will be in the account will be $(2900 +261x)
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Answer:
The minimum score required for the job offer is 751.
Step-by-step explanation:
When the distribution is normal, we use the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this question, we have that:
What is the minimum score required for the job offer?
Top 14%, so the minimum score is the 100-14 = 86th percentile, which is X when Z has a pvalue of 0.86. So X when Z = 1.08.
Then
Rounding to the nearest whole number:
The minimum score required for the job offer is 751.