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max2010maxim [7]
2 years ago
5

Katie wants to know how much she needs to deposit into a two year CD account in order to earn $100 in simple interest. The accou

nt currently has a 1.5% interest rate. Round to the nearest cent . SHOW ALL WORK FOR ANY CREDIT!!
Mathematics
1 answer:
sergey [27]2 years ago
7 0

Answer:

To obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.

Step-by-step explanation:

Given that Katie wants to know how much she needs to deposit into a two year CD account in order to earn $ 100 in simple interest, knowing that the account currently has a 1.5% interest rate, the following calculation must be performed:

X x 0.015 = 100

X = 100 / 0.015

X = 6,666.66

6,666.66 x 1.015 = 6,766.66

Thus, to obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.

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3 years ago
In a randomly selected sample of 1169 men ages 35–44, the mean total cholesterol level was 210 milligrams per deciliter with a s
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The highest total cholesterol level a man in this 35–44 age group can have and be in the lowest 10% is 160.59 milligrams per deciliter.

Step-by-step explanation:

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

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The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

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X - 210 = -1.28*38.6

X = 160.59

The highest total cholesterol level a man in this 35–44 age group can have and be in the lowest 10% is 160.59 milligrams per deciliter.

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