Answer:
Step-by-step explanation:
The standard compound interest formula is given by:
Where A is the amount afterwards, P is the principal, r is the rate, n is the times compounded per year, and t is the number of years.
Since we are compounding annually, n=1. Therefore:
Lester wants to invest $10,000. So, P=10,000.
He wants to earn $1000 interest. Therefore, our final amount should be 11000. So, A=11000.
And our timeframe is 3.3 years. So, t=3.3. Substituting these values, we get:
Let’s solve for our rate r.
Divide both sides by 10000:
We can raise both sides to 1/3.3. So:
The right side will cancel:
So:
Use a calculator:
So, the annual rate of interest needs to be about 0.03 or 3% in order for Lester to earn his interest.
Answer:
Step-by-step explanation:
Solved using excel
If you were supposed to use a normal table to solve leave a comment
0.0520812794152196
False. In a coin, there are 2 possible out comes i.e. a head and a tail. if p is the probability of one side coming up, then the probability of the other side comin up will be q = 1 - p.
Therefore, if the probability of head coming up is 3/10, the probability of tail coming up will be 1 - 3/10 = 7/10.
For the first one, the answer is 2. You can only fold it vertically and horizontally. For the second one, the answer is O because any way you turn it, it still looks like O. I hope this helps!