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adelina 88 [10]
2 years ago
5

How long will the sum of Rs 5,000 take to reach the amount RS 8750 at the rate of 15% per annum​

Mathematics
1 answer:
Nonamiya [84]2 years ago
8 0

Answer:

It will take 5 yrs the sum of 5000 will take to reach Rs 8750 at the rate 15%

Step-by-step explanation:

T= ?

Amount = Rs 8750

R = 15%

P = Rs 5000

so

I = A-P

= 8750 - 5000

= Rs 3750

so

I = PTR/100

3750 = (5000*15*T)/100

or, 375000 = 75000*T

or, T = 375000/75000

so T = 5 yrs

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After we normalize the probability, now <u>we have a probability in a specific normal distribution that has Mean=0 and STD=1 and the difference with what we had before is that now we are able to use tools to find probabilities in a normal standard distribution</u>. My favorite of them is a chart that show the approximate values of a lot of probabilities (i attached it to this answer). I´m going to explain point A as an example:

We look for the probability that P(x≥100), but we don´t have an easy method to use there, so we normalize:

P(x≥100)=P( (x-μ)/σ ≥ (100-μ)/σ )

P(x≥100)=P( z ≥ (100-90)/10 )

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P(z≥1)=1-P(z≤1)

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<u>the value of P(z≤1) is in the table, we look for the row with +1 and the column with the decimal part (in this case 0) and with coordinates (1,0) there´s the value</u>:

P(z≤1)=0.8413

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P(z≥1)=1-P(z≤1)

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P(x≤0)=P(z≤-9)≈0

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