Answer:
Step-by-step explanation: 0.2 of 2/10 and 2 is a whole number.
It would be 7.5/60 which equals .125
We have been given that an account is opened with a balance of $3,000 and relative growth rate for a certain type of mutual fund is 15% per year.
In order to tackle this problem we have to find the value of mutual fund after 5 years. For our purpose we will use compound interest formula.
,where A= amount after t years, P= principal amount, r= interest rate (decimal) and t= number of years.
After substituting our given values in above formula we will get
Now we will solve for A
Therefore, after 5 years mutual fund is worth $6034.07.
Answer:
119.2
Step-by-step explanation:
Given the following :
Mean (m) = 100 years
Standard deviation (sd) = 15 years
closest to the age of a Galápagos Islands giant tortoise at the 90th percentile of the
distribution?
Obtain the Zscore for 90th percentile (0.90) on the z table = 1.28
Zscore = (X - mean) / standard deviation
1.28 = (X - 100) / 15
1.28 × 15 = X - 100
19.2 = X - 100
19.2 + 100 = X
X = 119.2