Please answer correctly! I will mark you as Brainliest!
2 answers:
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To see how much interest she'll get after a quarter:
$4132.79 + ($4132.79 × 0.048) = $4331.16
After two quarters:
$4331.16 + ($4331.16 × 0.048) = $4359.06
You can keep going until eventually reaching $8000 then see how many quarters has passed. That's a lot of calculator work!
There's another way that uses less calculation, but more algebra. I call it the exponential formula method! There's this general formula for stuff that increases exponentially, like virus, population, and MONEY:
M is money, d is deposit, t is time taken, and c is just some unknown constant related to the interest rate. There's also the natural logarithm form of this equation, which will come in handy later:
Alright first we gotta find that constant c for this equation to be useful! Let's plug in stuff we know.
We know how much she'll have after one quarter (0.25 years), and we know how much she deposited initially.
After pressing some buttons on the calculator we'll find that c = 0.1875.
Great! Now we can use that formula to find how many years (t) it'll take to reach M=$8000. To save time I'm going to use the natural log form:
That will give us t = 3.522 which means it'll take approximately 3.5 years for her deposit to reach $8000!
$4132.79 + ($4132.79 × 0.048) = $4331.16
After two quarters:
$4331.16 + ($4331.16 × 0.048) = $4359.06
You can keep going until eventually reaching $8000 then see how many quarters has passed. That's a lot of calculator work!
There's another way that uses less calculation, but more algebra. I call it the exponential formula method! There's this general formula for stuff that increases exponentially, like virus, population, and MONEY:
M is money, d is deposit, t is time taken, and c is just some unknown constant related to the interest rate. There's also the natural logarithm form of this equation, which will come in handy later:
Alright first we gotta find that constant c for this equation to be useful! Let's plug in stuff we know.
We know how much she'll have after one quarter (0.25 years), and we know how much she deposited initially.
After pressing some buttons on the calculator we'll find that c = 0.1875.
Great! Now we can use that formula to find how many years (t) it'll take to reach M=$8000. To save time I'm going to use the natural log form:
That will give us t = 3.522 which means it'll take approximately 3.5 years for her deposit to reach $8000!
Answer:
74.86% probability that a component is at least 12 centimeters long.
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore 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 pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
Variance is 9.
The standard deviation is the square root of the variance.
So
Calculate the probability that a component is at least 12 centimeters long.
This is 1 subtracted by the pvalue of Z when X = 12. So
has a pvalue of 0.2514.
1-0.2514 = 0.7486
74.86% probability that a component is at least 12 centimeters long.