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anzhelika [568]
2 years ago
6

In your budget, you plan on putting a $3000 deposit on a car in 4 years. You currently have some extra money that you could put

into a savings account. If that savings account earns you 4% interest, compounded monthly, how much would you need to deposit today to have $2000 in 4 years?
Please show me proper work and give a good explanation on how you got your answer.
Mathematics
1 answer:
Elodia [21]2 years ago
6 0

Answer:

1704.74 = P

Step-by-step explanation:

The formula for compound interest is

A = P(1+r/n) ^nt  where

A is the amount in the account

P is the principle

r is the interest rate

n is the number of times the interest is compounded per year

t is the time in years

2000 = P (1+.04/12)^12*4

2000 = P (1.003333333)^48

Divide each side by (1.003333333)^48

2000/  (1.003333333)^48= P (1.003333333)^48/ (1.003333333)^48

1704.74110 = P

Rounding to the nearest cent

1704.74 = P

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4.3 x 10 to the power of 2
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Miguel tells his teacher1/5 is the same as 20%. Which best justifies Miguel’s answer? a.5 goes into 100 twenty times, so 20% is
svetoff [14.1K]

Answer:

C. 5 goes into 100 twenty times, and 1 times 20 is 20

Step-by-step explanation:

Since, we know that when we multiply both numerator and denominator of a fraction by a same number then we obtain an equivalent fraction,

Here, the given fraction,

\frac{1}{5}

By the above statement,

\frac{1}{5}=\frac{1\times 20}{5\times 20}=\frac{20}{100}

Now,

a\%=\frac{a}{100}

\implies \frac{20}{100}=20\%

Hence,

\frac{1}{5}=20\%

Option C is correct.

3 0
2 years ago
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Suppose small aircraft arrive at a certain airport according to a Poisson process with rate α = 8 per hour, so that the number o
Ksenya-84 [330]

Answer:

Step-by-step explanation:

Step1:

We have Suppose small aircraft arrive at a certain airport according to a Poisson process with rate α =8 per hour, so that the number of arrivals during a time period of t hours is a Poisson rv with parameter μ = 8t

Step2:

Let “X” the number of small aircraft that arrive during time t and it follows poisson distribution parameter “”

The probability mass function of poisson distribution is given by

P(X) = , x = 0,1,2,3,...,n.

Where, μ(mean of the poisson distribution)

a).

Given that time period t = 1hr.

Then,μ = 8t

             = 8(1)

             = 8

Now,

The probability that exactly 6 small aircraft arrive during a 1-hour period is given by

P(exactly 6 small aircraft arrive during a 1-hour period) = P(X = 6)

Consider,

P(X = 6) =  

              =  

              =  

              = 0.1219.

Therefore,The probability that exactly 6 small aircraft arrive during a 1-hour period is 0.1219.

1).P(At least 6) = P(X 6)

Consider,

P(X 6) = 1 - P(X5)

                = 1 - {+++++}

                = 1 - (){+++++}

                = 1 - (0.000335){+++++}

                = 1 - (0.000335){1+8+32+85.34+170.67+273.07}

                = 1 - (0.000335){570.08}

                = 1 - 0.1909

                = 0.8090.

Therefore, the probability that at least 6 small aircraft arrive during a 1-hour period is 0.8090.

2).P(At least 10) = P(X 10)

Consider,

P(X 10) = 1 - P(X9)

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5 0
3 years ago
When five times a number is decreased by 4, the result is 26.<br> What is the number?
ikadub [295]

Answer:

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Step-by-step explanation:

8 0
3 years ago
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In a triangle, Angle B is twice as large as Angle A. Angle C is five more than
Leona [35]

Answer:

<A = 35 degrees

Step-by-step explanation:

<A = x

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X + 2x + 2x + 5 = 180 degrees

5x + 5 = 180

5x = 180 -5

x = 175/5

x = 35

4 0
2 years ago
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