1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cricket20 [7]
3 years ago
12

Suppose you invest $34,600 into a savings account with a 11.25% annual interest rate

Mathematics
1 answer:
Sergeu [11.5K]3 years ago
6 0

Answer:

$103,373.81

Step-by-step explanation:

The calculation of the future value is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

where,  

rate of interest = 11.25% ÷ 2 = 5.625%

And, the number of years is = 2 × 10 = 20

Therefore, the future value is

= $34,600 × (1 + 5.625%)^20

= $34,600 × 2.987682472  

= $103,373.81

You might be interested in
The life span of a domestic cat is normally distributed with a mean of 15.7 years and a standard deviation of 1.6 years. a. Find
Anvisha [2.4K]

Answer

a. 0.856

b. 0.78071

c. It is not unusual

d. 13.65 years old

Step-by-step explanation:

The life span of a domestic cat is normally distributed with a mean of 15.7 years and a standard deviation of 1.6 years.

We solve this question using z score formula:

z = (x-μ)/σ, where

x is the raw score

μ is the population mean

σ is the population standard deviation.

a. Find the probability that a cat will live to be older than 14 years.

For x > 14 years

z = 14 - 15.7/1.6

z = -1.0625

Probability value from Z-Table:

P(x<14) = 0.144

P(x>14) = 1 - P(x<14) = 0.856

b. Find the probability that a cat will live between 14 and 18 years.

For x = 14 years

z = 14 - 15.7/1.6

z = -1.0625

Probability value from Z-Table:

P(x = 14) = 0.144

For x = 18 years

z = 18 - 15.7/1.6

z= 1.4375

Probability value from Z-Table:

P(x = 18) = 0.92471

The probability that a cat will live between 14 and 18 years is calculated as:

P(x = 18) - P(x = 14)

0.92471 - 0.144

= 0.78071

c. If a cat lives to be over 18 years, would that be unusual? Why or why not?

For x > 18 years

z = 18 - 15.7/1.6

z= 1.4375

Probability value from Z-Table:

P(x<18) = 0.92471

P(x>18) = 1 - P(x<18) = 0.075288

Converting this to percentage:

0.075288 × 100 = 7.5288%

Hence, 7.5288% of the cats live to be over 18 years. Hence, it is not unusual.

d. How old would a cat have to be to be older than 90% of other cats?

From the question above, 10% of the cats would be older than 90% of other cats.

Hence, we find the z score of the 10th percentile

= -1.282

Hence,

-1.282 = x - 15.7/1.6

Cross Multiply

-1.282 × 1.6 = x - 15.7

- 2.0512 = x - 15.7

x = 15.7 -2.0512

x = 13.6488 years old

Approximately = 13.65 years old

3 0
3 years ago
Let x denote the distance (m) that an animal moves from its birth site to the first territorial vacancy it encounters. suppose t
forsale [732]

To solve this problem, we have to use the formula:

P = 1 - e^(-λx)

<span>where λ = 0.01382, and x is the  distance</span>

 

A. when x = 100

(P < or equal to 100) = 1 - e^(-0.01382 * 100)

(P < or equal to 100) = 0.75 


B. when x = 200
<span>(P < or equal to 200) = 1 - e^(-0.01382 * 200)
(P < or equal to 200) = 0.94</span>

 

C. when 100 < x < 200
P (100 < x < 200) = P ((x < 100) + P(x > 200)) 
P (100 < x < 200) = 0.75 + (1 – 0.94)

<span>P (100 < x < 200) = 0.81 </span>

4 0
4 years ago
Pls help. i don't like math
ANTONII [103]

Answer:

X = 5 3/8 (5 and 3 eighths)

Step-by-step explanation:

4/5x = 5 1/5 - 9/10

4/5x = 43/10

x=43/8

x= 5 3/8

4 0
3 years ago
Read 2 more answers
HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
valentinak56 [21]
The answer is 3. Hope this helped! Good luck! Let me know if you have any more questions! :)
8 0
4 years ago
Read 2 more answers
HELP CORRECT ANSWER GETS BRAIN AND 5 STARS!!
Triss [41]

Answer:

D

Step-by-step explanation:

3 0
3 years ago
Other questions:
  • What is the derivative of e^(2x)?<br> Is it necessary to use the chain rule: f'(g(x))*g'(x)?
    13·1 answer
  • What is true about the functional relationship shown in the graph
    7·2 answers
  • What percent of 70 is 26
    11·1 answer
  • Round 1378 to the nearest thousands
    10·2 answers
  • Classify each pair of numbered angles.<br>Please help ASAP.<br><br>​
    8·1 answer
  • Can Someone help me please
    7·1 answer
  • Analyze the graph. Which inequality represents the
    12·2 answers
  • WILL GIVE BRAINLIEST <br><br><br><br> What are all the height under 2 inches
    6·1 answer
  • √67 is about how much ?
    10·2 answers
  • Help meeee please HELPPPPPPPP
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!