Answer:
so your answer would be 60$
Step-by-step explanation:
I = P * r * t
Here, P = $600
r = 0.05 (decimal value for 5%)
t = 2 years
Part a)
The interest earned will be:
I = P * r * t
I = 600 * 0.05 * 2
I = $60
Part b)
The balance in the account will be $600 plus the interest earned or:
$600 + 60 = $660
Answer: Choice A) $4500.33
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Explanation:
The formula you'll use is
F = P*(1+r)^t
where
F = final amount
P = initial amount
r = growth rate (in decimal form)
t = time in years
In this case,
F = unknown (this is what we're trying to figure out)
P = 3046
r = 0.05 (since 5% = 5/100 = 0.05)
t = 8
Plug those three known values into the formula and evaluate
F = P*(1+r)^t
F = 3046*(1+0.05)^8
F = 3046*(1.05)^8
F = 3046*1.4774554
F = 4500.3291484
F = 4500.33 ... round to the nearest penny
Answer:
Probability distribution vector = 
Step-By-Step Explanation
If 
is the transition matrix for a Markov chain with two states.
be the initial state vector for the population.
In the long run, the probability distribution vector Xm approaches the probability distribution vector .
This is called the steady-state (or limiting,) distribution vector.
R(–3, 1), S(4, 5)
calculate vector:
v=(4-(-3),5-1)=(7,4)
distance=length of vector=√(7²+4²)=√(49+16)=√(65)≈8.06226
rounded to the nearest tenth: 8.1
