Answer:
6% monthly
Step-by-step explanation:
The monthly rate being compounded when the interest is 6% per year is ...
6%/12 = 0.5%
so the multiplier each month is
1 + 0.5% = 1.005
___
The monthly multiplier when 5.86% is compounded continuously is ...
e^(5.86%/12) ≈ 1.004895
The 6% rate will give a larger yield after any length of time.
You can divide 45 by by 25 to get the pages per hour and it’s 1.8
Answer: $15.20
Step-by-step explanation: He earned $15.20. Just multiply the 2.00x4 and the 2.40x3
Using the normal distribution, it is found that 1851 people would have an IQ less than 115.
<h3>Normal Probability Distribution</h3>
The z-score of a measure X of a normally distributed variable with mean and standard deviation is given by:
- The z-score measures how many standard deviations the measure is above or below the mean.
- Looking at the z-score table, the p-value associated with this z-score is found, which is the percentile of X.
The mean and the standard deviation are given, respectively, by:
The proportion of IQ scores less than 115 is the <u>p-value of Z when X = 115</u>, hence:
Z = 1
Z = 1 has a p-value of 0.8413.
Out of 2200 people:
0.8413 x 2200 = 1851.
More can be learned about the normal distribution at brainly.com/question/27643290
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After 7 years fund balance will be $2152336.05 if the philanthropist pledges to donate 10% of a fund each year.
<h3>What is an exponential function?</h3>
It is defined as the function that rapidly increases and the value of the exponential function is always a positive. It denotes with exponent.
where a is a constant and a>1
We have:
A philanthropist pledges to donate 10% of a fund each year.
We can find the amount left after 7 years as follows:
A = 450000(1 - 0.1)⁷
10% of a fund each year.
Rate r = 10% = 0.1
A = 450000(0.9)⁷
A = $2152336.05
Thus, after 7 years fund balance will be $2152336.05 if the philanthropist pledges to donate 10% of a fund each year.
Learn more about the exponential function here:
brainly.com/question/11487261
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