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liberstina [14]
3 years ago
9

your friend deposits $9500 in an investment account that earns 2.1% annual interest. what is the balance after 11 years when the

interest is compounded quarterly?
Mathematics
1 answer:
solmaris [256]3 years ago
8 0

Answer:

The answer is "$ 11,961.43"

Step-by-step explanation:

Given values:

P =  $ 9500

r= 2.1 %

time (t)= 11 year

total quarterly year =4

Formula:

A= P (1+\frac{r}{n})^{nt}\\\\

quarterly time = 4 \times 11

                         = 44

A= P (1+\frac{r}{n})^{nt}\\\\

A = 9500 ( 1+ \frac{0.021}{4})^{44}\\\\A = 9500(\frac{4+ 0.021}{4} )^{44} \\\\A = 9500(\frac{4.021}{4} )^{44} \\\\A= 9500 (1.00525)^{44}\\\\A= 9500(1.25909819)\\\\A= 11,961. 43\\

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A computer programming team has 13 members. a. How many ways can a group of seven be chosen to work on a project? b. Suppose sev
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Step-by-step explanation:

Given that :

Number of members (n) = 13

a. How many ways can a group of seven be chosen to work on a project?

13C7:

Recall :

nCr = n! ÷ (n-r)! r!

13C7 = 13! ÷ (13 - 7)!7!

= 13! ÷ 6! 7!

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b. Suppose seven team members are women and six are men.

Men = 6 ; women = 7

(i) How many groups of seven can be chosen that contain four women and three men?

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Using calculator :

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(ii) How many groups of seven can be chosen that contain at least one man?

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13C7 = 1716

7C7 = 1

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(iii) How many groups of seven can be chosen that contain at most three women?

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462 + 462 + 330

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d. Suppose two team members insist on either working together or not at all on projects. How many groups of seven can be chosen to work on a project?

Number of ways with both in the group = 11C5

Number of ways with both out of the group = 11C7

11C5 + 11C7

462 + 330

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