A custodian plans to repaint some classroom bookcases. She has 5 1/4 gallons of paint.
2 answers:
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Answer:
$15,539.67
Step-by-step explanation:
Compound Interest Formula
where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- n = number of times interest applied per time period
- t = number of time periods elapsed
Given:
- P = $11,000
- r = 5.8% = 0.058
- n = 4 (quarterly)
- t = 6 years
Substitute the given values into the formula and solve for A:
Therefore, the value of the investment after 6 years will be $15,539.67 to the nearest cent.
Answer:
0.6154 = 61.54% probability that the student is an undergraduate
Step-by-step explanation:
Conditional Probability
We use the conditional probability formula to solve this question. It is
In which
P(B|A) is the probability of event B happening, given that A happened.
is the probability of both A and B happening.
P(A) is the probability of A happening.
In this question:
Event A: Foreign
Event B: Undergraduate.
There are four times as many undergraduates as graduate students
So 4/5 = 80% are undergraduate students and 1/5 = 20% are graduate students.
Probability the student is foreign:
10% of 80%
25% of 20%. So
Probability that a student is foreign and undergraduate:
10% of 80%. So
What is the probability that the student is an undergraduate?
0.6154 = 61.54% probability that the student is an undergraduate