Santiago hope to buy a 4 horse trailer for about $12,000. describe all the numbers that when rounded to the nearest hundred are
2 answers:
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Probability of an adult who needs correction = 82% or 0.82
So, probability of an adult who does not needs correction = 1 - 0.82 = 0.18
If 12 adults are randomly selected, the probability that at least 11 of them need correction for their eyesight is:
12C11 + 12C12
= 12*0.11*0.18 + 1*0.09*1
= 0.238+0.09
= 0.328 or 0.33
And, yes, 11 is significantly a high number of adults requiring eyesight correction.
The amount in account after 7 years is $ 5499.445
<em><u>Solution:</u></em>
<em><u>The formula for total amount in compound interest is given as:</u></em>
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per unit t
t = the time the money is invested or borrowed for
Here given that,
A = ?
P = 4000
t = 7 years
n = 2 ( since compounded semi annually)
<em><u>Substituting the values in formula, we get</u></em>
Thus amount in account after 7 years is $ 5499.445