Answer: $15385 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.8%. So
r = 7.8/100 = 0.078
It was compounded for 4 years. Therefore,
t = 4
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. The total amount is given as $21000. Therefore
21000 = P (1+0.078/12)^12×4
21000 = P (1+0.078/12)^48
21000 = P (1+0.0065)^48
21000 = P (1.0065)^48
P = 21000/1.365
P = $15385
Answer:
10 weeks
Step-by-step explanation:
20x+50=250
First subtract 50 from both sides, which gives you 20x=200
then divide 20 from both sides which gives you x=10
Answer:
C.) 10c 1800+15c
Step-by-step explanation:
The cost of daily operation for the business is $1,800/day, and $10/cake made. To put this into an equation, put the expenses on one side and what you're trying to make a profit off of on the other. Then solve for c.
Answer:
The required probability = 0.144
Step-by-step explanation:
Since the probability of making money is 60%, then the probability of losing money will be 100-60% = 40%
Now the probability we want to calculate is the probability of making money in the first two days and losing money on the third day.
That would be;
P(making money) * P(making money) * P(losing money)
Kindly recollect;
P(making money) = 60% = 60/100 = 0.6
P(losing money) = 40% = 40/100 = 0.4
The probability we want to calculate is thus;
0.6 * 0.6 * 0.4 = 0.144
