PLEASE HELP ME WITH THIS QUESTION I NEEED HELP ASAPm

Shawna invests $5,048 in a savings account with a fixed annual interest rate of 4% compounded 12 times per year. How long will i

Elena-2011 [213]

Answer:

5 years

Step-by-step explanation:

In the question we are given;

Amount invested or principal amount as $5048
Rate of interest as 4% compounded 12 times per year
Amount accrued as $6,163.59

We are required to determine the time taken for the money invested to accrue to the given amount;

Using compound interest formula;

$A=P(1+\frac{r}{100})^n$

where n is the interest period and r is the rate of interest, in this case, 4/12%(0.33%)

Therefore;

$6,163.59=5,048(1+\frac{0.333}{100})^n$

$1.221=(1+\frac{0.333}{100})^n$

$1.221=(1.0033)^n$

introducing logarithms on both sides;

$log1.221=log(1.0033)^n\\n=\frac{log1.221}{log1.0033} \\n=60.61$

But, 1 year = 12 interest periods

Therefore;

Number of years = 60.61 ÷ 12

= 5.0508

= 5 years

Therefore, it will take 5 years for the invested amount to accrue to $6163.59

3 0

4 years ago

The rates of on-time flights for commercial jets are continuously tracked by the U.S. Department of Transportation. Recently, So

tatyana61 [14]

Answer:

The probability that at least 13 flights arrive late is 2.5196 $\times 10^{-6}$ .

Step-by-step explanation:

We are given that Southwest Air had the best rate with 80 % of its flights arriving on time.

A test is conducted by randomly selecting 18 Southwest flights and observing whether they arrive on time.

The above situation can be represented through binomial distribution;

$P(X = x) = \binom{n}{r}\times p^{r} \times (1-p)^{n-r} ; x = 0,1,2,3,.........$

where, n = number of trials (samples) taken = 18 Southwest flights

r = number of success = at least 13 flights arrive late

p = probability of success which in our question is probability that

flights arrive late, i.e. p = 1 - 0.80 = 20%

Let X = <u><em>Number of flights that arrive late</em></u>.

So, X ~ Binom(n = 18, p = 0.20)

Now, the probability that at least 13 flights arrive late is given by = P(X $\geq$ 13)

P(X $\geq$ 13) = P(X = 13) + P(X = 14) + P(X = 15) + P(X = 16) + P(X = 17) + P(X = 18)

= $\binom{18}{13}\times 0.20^{13} \times (1-0.20)^{18-13}+ \binom{18}{14}\times 0.20^{14} \times (1-0.20)^{18-14}+ \binom{18}{15}\times 0.20^{15} \times (1-0.20)^{18-15}+ \binom{18}{16}\times 0.20^{16} \times (1-0.20)^{18-16}+ \binom{18}{17}\times 0.20^{17} \times (1-0.20)^{18-17}+ \binom{18}{18}\times 0.20^{18} \times (1-0.20)^{18-18}$

= $\binom{18}{13}\times 0.20^{13} \times 0.80^{5}+ \binom{18}{14}\times 0.20^{14} \times 0.80^{4}+ \binom{18}{15}\times 0.20^{15} \times 0.80^{3}+ \binom{18}{16}\times 0.20^{16} \times 0.80^{2}+ \binom{18}{17}\times 0.20^{17} \times 0.80^{1}+ \binom{18}{18}\times 0.20^{18} \times 0.80^{0}$

= 2.5196 $\times 10^{-6}$ .

7 0

3 years ago

A polygon is composed of two or more line segments?

Rama09 [41]

The smallest polygon has three line segments, it is triangle.

7 0

3 years ago

Read 2 more answers

Tara and Curtis are simplifying [4(10)-3^2]+6(4). is either of them correct? Explain your reasoning. Why wouldnt the -3^2 be pos

Maksim231197 [3]

Simplifying the given expression, it is found that Curtis is correct.

<h3>How to simplify the expression?</h3>

The expression to be simplified is given by:

[4(10) - 3²] + 6(4)

The non-related operations can be solved first, hence:

[4(10) - 3²] + 6(4) = [40 - 9] + 24

For the square, we have to consider that:

For -x², the negative is not part of the square, hence the result is negative, as - x*x = -x².

For (-x)², the negative is part of the square, hence the result is positive, as (-x)*(-x) = x².

The first bullet point is the reason that -3² = 9. Then, the simplified expression is completed as follows:

[40 - 9] + 24 = 31 + 24 = 55.

Which means that Curtis is correct.

More can be learned about the simplification of expressions at brainly.com/question/723406

#SPJ1

7 0

2 years ago

Which expression is equivalent to 6/6

trapecia [35]

Answer:

1/1 I think I hope this helps

Step-by-step explanation:

3 0

3 years ago