Answer:
$1348.07
Step-by-step explanation:
Hello!
<h3>Compound Interest Formula:

</h3>
- A = Account Balance
- P = Principle/Initial Amount
- r = Rate of Interest (decimal)
- n = Number of times compounded (per year)
- t = Number of Years
<h3>Given Information</h3>
- Account Balance = ?
- Principle Amount = $1000
- Rate of Interest = 0.02
Why is the Rate 0.02?
This is because we are gaining money, so the multiplier should be greater than 1. We already added 1, which is 100% so you simply add the 0.02 for the extra 2%.
- Number of times compounded per year = 6
This is because it is being compounded bi-monthly, or once every 2 months. 12 months divided by 2 months is 6 months, so 6 times a year.
<h2>Solve </h2>
Solve by plugging in the given values into the formula.
This is really close to the first option, and since there is rounding involved with the repeating decimal, the first option should be correct.
The answer is $1348.07.
Answer:
3 k^3
Step-by-step explanation:
3(k x k x k)
k*k*k = k^3
3(k x k x k) = 3 k^3
<span>Look at your table for a Z value of 1.55. The numbers on the far left column are your z values. See the 1.5 row, then move over to the 0.05 column to make it 1.55.
You'll see 0.9394.
That's the area under the normal curve from 1.55 to negative infinity.
But you wanted the area under the curve greater than 1.55.
Take 1-0.9394=0.0606.
You subtract from 1 because you know that the area under the whole curve is 1, so it gives you the area you need.</span>
You should learn how to do this
20.5