Assuming that the 4.8% interest rate is an annual interest rate, then, after one year, with a principal of $3,000 we would be able to win 4.8% of $3000:
Divide 144 over 12 to find the monthly earnings:
Therefore, with a principal of $3,000 we would be earning $12 interest in 1 month.
For the earnings on the first month to be equal to $10, then you would have to win $120 annually, and $120 must be 4.8% of the principal. To find which quantity satisfies that 4.8% of it is equal to $120, divide 120 over 4.8%:
Therefore, the principal must be equal to $2500 for you to win $10 on the first month, and it would indeed be correct to say that if you open an account with $3000 you will earn at least $10 interest in 1 month.
Answer:
42km/h
Step-by-step explanation:
70km=100 minutes
7km= 10min
42km=60min
42km/h
Answer:
And rounded up we have that n=1068
Step-by-step explanation:
We have the following info given:
the confidence level desired
represent the margin of error desired
The margin of error for the proportion interval is given by this formula:
(a)
The confidence level is 95% or 0.95, the significance is 
and the critical value for this case using the normal standard distribution would be 
Since we don't have prior information we can use 
as an unbiased estimator
Also we know that 
and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
And replacing into equation (b) the values from part a we got:
And rounded up we have that n=1068
Answer:
-9/4
Step-by-step explanation:
putting these to y/x form it is 9/-10 and -9/-6 which has a difference of -9/4 (hopefully this is correct-)
Answer:
t = time in decimal years; e.g., 6 months is calculated as 0.5 years. Divide your partial year number of months by 12 to get the decimal years.
Step-by-step explanation:
