Answer:
$4026.52
Step-by-step explanation:
Given data
rate= 5%
time= 3years
A=$4630.50
P=?
we know that
A=P(1+rt)
$4630.50=P(1+0.05*3)
$4630.50=P(1+0.15)
$4630.50=P(1.15)
P=4630.50/1.15
P=$4026.52
The intitial amount is $4026.52
Answer:
(x-1990)×25
Step-by-step explanation:
SEE THE IMAGE FOR SOLUTION
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Calculate the probability that both bids are successful
Answer:
The probability that both contracs are successful is 0.21
Step-by-step explanation:
Given
E1 = the event that the bid on the first contract is successful
E2 = the event that the bid on the second contract is successful
P(E1) = 0.3
P(E2) = 0.7
Let P(A) represent the event that both contracts are successful
P(A) = P(E1 and E2)
Since both events are independent. P(A) becomes
P(A) = = P(E1 * P(E2)
By substituton
P(A) = 0.3 * 0.7
P(A) = 0.21
Hence the probability that both contracs are successful is 0.21
Answer:
About 118.11
Step-by-step explanation:
Answer:
$25,193.17
Explanation:
Given:
• Principal Felipe borrowed, P=$8000
,
• Annual Interest Rate, r=16.5%=0.165
,
• Compounding Period, k=12 (Monthly)
,
• Time, t=7 years
We want to determine how much he will owe after 7 years.
In order to carry out this calculation, use the compound interest formula below:

Substitute the values defined above:

Finally, simplify and round to the nearest cent.

After 7 years, Felipe will owe $25,193.17.