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Alex_Xolod [135]
3 years ago
15

Austin is going to invest in an account paying an interest rate of 2.2% compounded daily. How much would Austin need to invest,

to the nearest hundred dollars, for the value of the account to reach $27,000 in 6 years?
Mathematics
1 answer:
Korolek [52]3 years ago
5 0

Answer:

  $23,700

Step-by-step explanation:

The compound interest formula can be helpful for this. Fill in the given values and solve for the unknown.

  FV = P(1 +r/n)^(nt)

where r is the annual interest rate, n is the number of times interest is compounded in a year, t is the number of years, P is the amount invested, and  FV is the future value of that investment.

  $27,000 = P(1 +0.022/365)^(365·6) = 1.1411037P

  P ≈ $23,700

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natita [175]

Answer:

There is a 12.13% probability that the person actually does have cancer.

Step-by-step explanation:

We have these following probabilities.

A 0.9% probability of a person having cancer

A 99.1% probability of a person not having cancer.

If a person has cancer, she has a 91% probability of being diagnosticated.

If a person does not have cancer, she has a 6% probability of being diagnosticated.

The question can be formulated as the following problem:

What is the probability of B happening, knowing that A has happened.

It can be calculated by the following formula

P = \frac{P(B).P(A/B)}{P(A)}

Where P(B) is the probability of B happening, P(A/B) is the probability of A happening knowing that B happened and P(A) is the probability of A happening.

In this problem we have the following question

What is the probability that the person has cancer, given that she was diagnosticated?

So

P(B) is the probability of the person having cancer, so P(B) = 0.009

P(A/B) is the probability that the person being diagnosticated, given that she has cancer. So P(A/B) = 0.91

P(A) is the probability of the person being diagnosticated. If she has cancer, there is a 91% probability that she was diagnosticard. There is also a 6% probability of a person without cancer being diagnosticated. So

P(A) = 0.009*0.91 + 0.06*0.991 = 0.06765

What is the probability that the person actually does have cancer?

P = \frac{P(B).P(A/B)}{P(A)} = \frac{0.91*0.009}{0.0675} = 0.1213

There is a 12.13% probability that the person actually does have cancer.

3 0
3 years ago
Nicholas has 8 pieces of rope that are 4 yards each. He uses 4 pieces that are each 4 feet long.
Komok [63]
What's the question nbnnbbb
4 0
3 years ago
Solve - 2( x+ 4) = 12
Zolol [24]

Step-by-step explanation:

2(x+4) = 12

or, 2x + 8 = 12

or, 2x = 12-8

or, 2x = 4

or, x = 4÷2

hence, x = 2

4 0
1 year ago
Read 2 more answers
A single cell can either die, with probability0.1, or split into two cells, withprobability0.90, producing a new generation of c
Finger [1]

Answer: The probability distribution for the number of cells in the third generation is a Binomial distribution.

Step-by-step explanation:

We use binomial distribution when we have repeated process and the outcome is either a success or a failure.

The probability of success. P ( probability of dying). The probability of failure q ( probability of splitting into two).

The formula for binomial distribution is : n combination x multiplied by p raised to power x multiplied by q raised to power n-x.

3 0
3 years ago
The number of Apple cakes is 4/5 of the number of strawberry cakes. There are 24 strawberry cakes more than apple pies. What per
serious [3.7K]
--------------------------------------------------------------------
Ratio Given
--------------------------------------------------------------------
Apple : Strawberry
4 : 5

--------------------------------------------------------------------
Find difference in parts
--------------------------------------------------------------------
5 - 4 = 1

--------------------------------------------------------------------
Find Number of strawberry cakes
--------------------------------------------------------------------
1 part = 24 cakes
5 parts = 24 x 5 = 120

--------------------------------------------------------------------
Find number of apple cakes
--------------------------------------------------------------------
1 part = 24 cakes
4 parts = 24 x 4 = 96 

--------------------------------------------------------------------
Total number of cakes 
--------------------------------------------------------------------
120 + 96 + 144 = 360

--------------------------------------------------------------------
Percentage of cranberry cakes
--------------------------------------------------------------------
144/360 x 100 = 40%

--------------------------------------------------------------------
Answer: 40% of the cakes are cranberry cakes
--------------------------------------------------------------------
5 0
3 years ago
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