Answer:
7 years 11 months
Step-by-step explanation:
The future value formula for the value of a principal P invested at annual rate r compounded n times yearly for t years is ...
FV = P(1 +r/n)^(nt)
For the given numbers, we want to find t:
6000 = 3700(1 +.062/2)^(2t)
Dividing by 3700 and taking the logarithm, we get ...
6000/3700 = 1.031^(2t)
log(60/37) = 2t·log(1.031)
Dividing by the coefficient of t gives ...
t = log(60/37)/(2log(1.031)) ≈ 7.92 . . . . . years
It will take about 7 years 11 months for the investment to grow to $6000.
I really don’t know I’m just tryna get points but sorry
Answer:
The probability that the mean of a sample of 36 cars would be less than 3245 miles
P(X⁻≤3245) = 0.975
Step-by-step explanation:
<u><em>Step(i)</em></u>:-
The mean number of miles between services
μ= 3408 miles
The Variance of miles between services
σ² = 249,001
σ = √249,001 = 499
Let 'X' be a random variable in a normal distribution
Given sample size 'n' =36
<u><em>Step(ii):</em></u>-
Z = -163/83.16 = 1.96
The probability that the mean of a sample of 36 cars would be less than 3245 miles
P(X⁻≤3245) = P(Z≤1.96)
= 0.5 + A(1.96)
= 0.5 + 0.4750
= 0.975
<u><em>Final answer</em></u>:-
The probability that the mean of a sample of 36 cars would be less than 3245 miles
P(X⁻≤3245) =0.975
Answer:
12m - 4
☆ putting the value of m in the above formula
12 × 4 - 4
= 48 - 4
= 44
6r - 4
☆ Putting the value of r in the above formula
6 × 6 - 4
= 36 - 4
= 32