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Ostrovityanka [42]
3 years ago
8

How many years (to two decimal places) will it take $15000 to grow to $17500 if it is invested at 8% compounded semi- annually?

Mathematics
1 answer:
VLD [36.1K]3 years ago
3 0

Answer:

1.97 years

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 8/100

r = 0.08 per year,

Then, solve the equation for t

t = ln(A/P) / n[ln(1 + r/n)]

t = ln(17,500.00/15,000.00) / ( 2 × [ln(1 + 0.08/2)] )

t = ln(17,500.00/15,000.00) / ( 2 × [ln(1 + 0.04)] )

t = 1.965 years

:D

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The time needed to complete a final examination in a particular college course is normally distributed with a mean of 77 minutes
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Step-by-step explanation:

a. According to the given we have the following:

The time for completing the final exam in a particular college is distributed normally with mean (μ) is 77 minutes and standard deviation (σ) is 12 minutes

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Using the standard normal table, the probability P(Z≤−1.4167) is approximately 0.0783.

P(Z≤−1.4167)=0.0783

Therefore, The probability of completing the exam in one hour or less is 0.0783.

b. In this case For X = 75, the Z- scores is obtained as follows:

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Therefore, The probability that student will complete the exam in more than 60 minutes but less than 75 minutes is obtained as follows:

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=0.3555

​

Therefore, The probability that student will complete the exam in more than 60 minutes but less than 75 minutes is 0.3555

c. In order to compute  how many students you expect will be unable to complete the exam in the allotted time we have to first compute the Z−score of the critical value (X=90) as follows:

Z=  X−μ /σ

Z=90−77 /12

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UsING the standard normal table, the probability P(Z≤1.0833) is approximately 0.8599.

Therefore P(Z>1.0833)=1−P(Z≤1.0833)

=1−0.8599

=0.1401

​

Therefore, The number of students will be unable to complete the exam in the allotted time is= 60×0.1401=8.406

The number of students will be unable to complete the exam in the allotted time is 8

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