2 years ago

P(x<40)= find the answer

Mathematics

1 answer:

Lapatulllka [165]2 years ago

3 0

Answer:it could be between 0 and 39

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

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in this problem we have

$t=3\ years\\ P=\$50\\ r=5\%=5/100=0.05\\n=1$

substitute in the formula above

$A=50(1+\frac{0.05}{1})^{1*3}$

$A=50(1.05)^{3}$

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