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Kazeer [188]
2 years ago
10

If you deposit P dollars in a savings account and earn compound interest of r% the value of your deposit after t years in the ac

count can be found using the expression P(1+0.04)t. Find the value of $500 after 7 years in a savings account at 4% interest

Mathematics
2 answers:
bagirrra123 [75]2 years ago
4 0
You practically answered this one yourself by giving some of the equation we need already filled in. It would look like this: A(t)=500(1.04)^7.  Start by taking 1.04 to the power of 7 to get A(t)=500(1.3159).  Finish by multiplying to get
A(t)=$657.97
horrorfan [7]2 years ago
3 0

Answer: the correct answer is

Step-by-step explanation:

i took the test

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A multiple-choice examination has 15 questions, each with five answers, only one of which is correct. Suppose that one of the st
Alex

Answer:

0.0111% probability that he answers at least 10 questions correctly

Step-by-step explanation:

For each question, there are only two outcomes. Either it is answered correctly, or it is not. The probability of a question being answered correctly is independent from other questions. So we use the binomial probability distribution to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

In which C_{n,x} is the number of different combinations of x objects from a set of n elements, given by the following formula.

C_{n,x} = \frac{n!}{x!(n-x)!}

And p is the probability of X happening.

A multiple-choice examination has 15 questions, each with five answers, only one of which is correct.

This means that n = 15, p = \frac{1}{5} = 0.2

What is the probability that he answers at least 10 questions correctly?

P(X \geq 10) = P(X = 10) + P(X = 11) + P(X = 12) + P(X = 13) + P(X = 14) + P(X = 15)

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

P(X = 10) = C_{15,10}.(0.2)^{10}.(0.8)^{5} = 0.0001

P(X = 11) = C_{15,11}.(0.2)^{11}.(0.8)^{4} = 0.000011

P(X = 12) = C_{15,12}.(0.2)^{12}.(0.8)^{3} \cong 0

P(X = 13) = C_{15,13}.(0.2)^{13}.(0.8)^{2} \cong 0

P(X = 14) = C_{15,14}.(0.2)^{14}.(0.8)^{1} \cong 0

P(X = 15) = C_{15,15}.(0.2)^{15}.(0.8)^{0} \cong 0

P(X \geq 10) = P(X = 10) + P(X = 11) + P(X = 12) + P(X = 13) + P(X = 14) + P(X = 15) = 0.0001 + 0.000011 = 0.000111

0.0111% probability that he answers at least 10 questions correctly

3 0
2 years ago
How many sides does a regular polygon have if each of its interior angles measures 165?
Dimas [21]
The polygon would have 24 sides. (n-2)180 = n =24
3 0
2 years ago
Name the value of each 2 in 222,222
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3 0
3 years ago
Read 2 more answers
1. hank the handyman charges a flat fee of $75 for a visit plus $45 per hour or fraction of an hour. mr. fixits rates in dollars
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Answer:

Hello, the answer is Hank charges $25 more than Mr. Fixit.

8 0
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A plumber had a pipe that was 2 yards long he cut 18 inches off the end of the pipe
balandron [24]
To convert yards to feet, you would multiply it by 3. So, since there the pipe is 2 yards long, you could multiply 2*3 to get 6 feet. Then you can convert feet to inches by multiplying it by 12. 6*12 is equal to 72, so 2 yards is equal to 72 inches. Lastly, you can subtract 18 from 72, to get 54, and 54 inches would be your final answer.
7 0
2 years ago
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