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3 years ago

What sum of money amounts to rupees 8700 in 3 years at the rate of 24 % per annum

Mathematics

1 answer:

Zina [86]3 years ago

8 0

Given:

Amount = 8700

Time = 3 years

Rate of interest = 24% per annum

To find:

The principal values.

Solution:

Formula for amount:

$A=P\left(1+\dfrac{r}{100}\right)^t$

Where, A is amount, P is principal, r is the rate of interest and t is the number of years.

Putting $A=8700,r=24,t=3$ , we get

$8700=P\left(1+\dfrac{24}{100}\right)^{3}$

$8700=P\left(1+0.24\right)^{3}$

$8700=P\left(1.24\right)^{3}$

$8700=1.906624P$

Divide both sides by 1.906624.

$\dfrac{8700}{1.906624}=P$

$4563.0391729=P$

$P\approx 4563.04$

Therefore, the principal value is about 4563.04.

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The U.S. government has devoted considerable funding to missile defense research over the past 20 years. The latest development

Bad White [126]

Answer:

a) Let the random variable X= "number of these tracks where SBIRS detects the object." in order to use the binomial probability distribution we need to satisfy some conditions:

1) Independence between the trials (satisfied)

2) A value of n fixed , for this case is 20 (satisfied)

3) Probability of success p =0.2 fixed (Satisfied)

So then we have all the conditions and we can assume that:

$X \sim Bin(n =20, p=0.8)$

b) $X \sim Bin(n =20, p=0.8)$

c) $P(X=15)=(20C15)(0.8)^{15} (1-0.8)^{20-15}=0.17456$

d) $P(X \geq 15) = P(X=15)+ .....+P(X=20)$

$P(X=15)=(20C15)(0.8)^{15} (1-0.8)^{20-15}=0.17456$

$P(X=16)=(20C16)(0.8)^{16} (1-0.8)^{20-16}=0.218$

$P(X=17)=(20C17)(0.8)^{17} (1-0.8)^{20-17}=0.205$

$P(X=18)=(20C18)(0.8)^{18} (1-0.8)^{20-18}=0.137$

$P(X=19)=(20C19)(0.8)^{19} (1-0.8)^{20-19}=0.058$

$P(X=20)=(20C20)(0.8)^{20} (1-0.8)^{20-20}=0.012$

$P(X\geq 15)=0.804208$

e) $E(X) = np = 20*0.8 = 16$

Step-by-step explanation:

Previous concepts

The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".

The probability mass function for the Binomial distribution is given as:

$P(X)=(nCx)(p)^x (1-p)^{n-x}$

Where (nCx) means combinatory and it's given by this formula:

$nCx=\frac{n!}{(n-x)! x!}$

Part a

Let the random variable X= "number of these tracks where SBIRS detects the object." in order to use the binomial probability distribution we need to satisfy some conditions:

1) Independence between the trials (satisfied)

2) A value of n fixed , for this case is 20 (satisfied)

3) Probability of success p =0.2 fixed (Satisfied)

So then we have all the conditions and we can assume that:

$X \sim Bin(n =20, p=0.8)$

Part b

$X \sim Bin(n =20, p=0.8)$

Part c

For this case we just need to replace into the mass function and we got:

$P(X=15)=(20C15)(0.8)^{15} (1-0.8)^{20-15}=0.17456$

Part d

For this case we want this probability: $P(X\geq 15)$

And we can solve this using the complement rule:

$P(X \geq 15) = P(X=15)+ .....+P(X=20)$

$P(X=15)=(20C15)(0.8)^{15} (1-0.8)^{20-15}=0.17456$

$P(X=16)=(20C16)(0.8)^{16} (1-0.8)^{20-16}=0.218$

$P(X=17)=(20C17)(0.8)^{17} (1-0.8)^{20-17}=0.205$

$P(X=18)=(20C18)(0.8)^{18} (1-0.8)^{20-18}=0.137$

$P(X=19)=(20C19)(0.8)^{19} (1-0.8)^{20-19}=0.058$

$P(X=20)=(20C20)(0.8)^{20} (1-0.8)^{20-20}=0.012$

$P(X\geq 15)=0.804208$

Part e

The expected value is given by:

$E(X) = np = 20*0.8 = 16$

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Answer:

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Answer:

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What sum of money amounts to rupees 8700 in 3 years at the rate of 24 % per annum​

What sum of money amounts to rupees 8700 in 3 years at the rate of 24 % per annum