What is the value of v? (help no links and thx)
1 answer:
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Answer:
$1,701.64
Step-by-step explanation:
(see attached for reference)
recall that for compound interest, the following formula applies:
A = P [1 + (r/n) ] ^ (nt), where
A = final amount (we are asked to find this)
P = Principal amount = $1,200
r = interest rate = 5% = 0.05
t = 7 years
n = 12
Substituting these into the equation,
A = 1200 [1 + (0.05/12) ] ^ [(12)(7)]
A = $1,701.64
Answer:
19.51% probability that none of them voted in the last election
Step-by-step explanation:
For each American, there are only two possible outcomes. Either they voted in the previous national election, or they did not. The probability of an American voting in the previous election is independent of other Americans. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
42% of Americans voted in the previous national election.
This means that
Three Americans are randomly selected
This means that
What is the probability that none of them voted in the last election
This is P(X = 0).
19.51% probability that none of them voted in the last election