Answer:
18 years
Step-by-step explanation:
The formula for computing accrued amount A for a principal of P at an interest rate of r(in decimal) compounded n times in a year for t years is given by

Note that r is percentage converted to decimal. So 3% = 3/100 = 0.03
We can rearrange the above equation to:

Taking logs on both sides

This gives

In this particular problem, n = 4, , A= 9600, P = 5600, r =0.03, so r/n = 0.03/4 = 0.0075
1 + r/n = 1+0.0075 = 1.0075
4t = log(9600/5600)/log(1.0075) = log(1.714) / log(1.0075) = 0.234 /0.00325 = 72
t = 72/4 = 18 years
Answer:
a) P(X =16 ) = 0.1853
b)
= 0.0684
Step-by-step explanation:
GIVEN DATA:
n = 16
p = 0.90
from relation given probabllity can be solve

a)

P(X =16 ) = 0.1853
b)
= 1 - [ P(X = 13) +P(X = 14) +P(X = 15) +P(X = 16) ]
![= 1 - [ ^{16}C_{13} * 0.90^{13} * (1 - 0.90)^3 +^{16}C_{14} * 0.90^{14} * (1 - 0.90)^2 +^{16}C_{15} * 0.90^{15} * (1 - 0.90)^1 +^{16}C_{16} * 0.90^{16} * (1 - 0.90)^0 ]](https://tex.z-dn.net/?f=%3D%201%20-%20%5B%20%5E%7B16%7DC_%7B13%7D%20%2A%200.90%5E%7B13%7D%20%2A%20%281%20-%200.90%29%5E3%20%2B%5E%7B16%7DC_%7B14%7D%20%2A%200.90%5E%7B14%7D%20%2A%20%281%20-%200.90%29%5E2%20%2B%5E%7B16%7DC_%7B15%7D%20%2A%200.90%5E%7B15%7D%20%2A%20%281%20-%200.90%29%5E1%20%2B%5E%7B16%7DC_%7B16%7D%20%2A%200.90%5E%7B16%7D%20%2A%20%281%20-%200.90%29%5E0%20%5D)
= 0.0684
To solve for a, you must get a by itself on one side of the equation. Now, a is "joined" to m by multiplication. To "separate" them, use the inverse operation, division.
Divide both sides of the equation by m.