Answer:
416
Step-by-step explanation:
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Answer:
4x + 64
Step-by-step explanation:
Answer:
5%
Step-by-step explanation:
Solving our equation
r = 4537.5 / ( 9075 × 10 ) = 0.05
r = 0.05
converting r decimal to a percentage
R = 0.05 * 100 = 5%/year
The interest rate required to
accumulate simple interest of $ 4,537.50
from a principal of $ 9,075.00
over 10 years is 5% per year.
Answer:
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Step-by-step explanation:
Answer:
By 71 years of age 80% of the plan participants have passed away.
Step-by-step explanation:
Normal Probability Distribution
Problems of normal distributions can be solved using the z-score formula.
In a set with mean and standard deviation , the z-score of a measure X is given by:
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 p-value, we get the probability that the value of the measure is greater than X.
Mean of 68 years and a standard deviation of 4 years.
This means that
By what age have 80% of the plan participants passed away?
By the 80th percentile of ages, which is X when Z has a p-value of 0.8, so X when Z = 0.84.
By 71 years of age 80% of the plan participants have passed away.