Answer:
T is 13.9 years to the nearest 10th of a year
Step-by-step explanation:
In this question, we are to calculate the number of years at which someone who invests a particular amount will have a particular amount based on compound interest.
To calculate the number of years, what we do is to use the compound interest formula.
Mathematically,
A = P(1+ r/n) ^nt
Where A is the final amount after compounding all interests which is $19,200 according to the question
P is the initial amount invested which is $10,000 according to the question
r is the rate which is 4.75% according to the question = 4.75/100 = 0.0475
n is the number of times per year in which interest is compounded. This is 2 as interest is compounded semi-annually
t= ?
we plug these values;
19200 = 10,000(1+0.0475/2)^2t
divide through by 10,000
1.92 = (1+0.02375)^2t
1.92 = (1.02375)^2t
We find the log of both sides
log 1.92 = log [(1.02375)^2t)
log 1.92 = 2tlog 1.02375
2t = log 1.92/log 1.02375
2t = 27.79
t = 27.79/2
t = 13.89 years
The question asks to give answer to the nearest tenth of a year and thus t = 13.9 years
It would be 1/5 because the line is going in a positive direction and all you have to do is pick to points and do rise/run
They are equally spaced so all the circles share the same center point.
Answer:
gfygou
Step-by-step explanation:
Answer:
(a) The probability of getting someone who was not sent to prison is 0.55.
(b) If a study subject is randomly selected and it is then found that the subject entered a guilty plea, the probability that this person was not sent to prison is 0.63.
Step-by-step explanation:
We are given that in a study of pleas and prison sentences, it is found that 45% of the subjects studied were sent to prison. Among those sent to prison, 40% chose to plead guilty. Among those not sent to prison, 55% chose to plead guilty.
Let the probability that subjects studied were sent to prison = P(A) = 0.45
Let G = event that subject chose to plead guilty
So, the probability that the subjects chose to plead guilty given that they were sent to prison = P(G/A) = 0.40
and the probability that the subjects chose to plead guilty given that they were not sent to prison = P(G/A') = 0.55
(a) The probability of getting someone who was not sent to prison = 1 - Probability of getting someone who was sent to prison
P(A') = 1 - P(A)
= 1 - 0.45 = 0.55
(b) If a study subject is randomly selected and it is then found that the subject entered a guilty plea, the probability that this person was not sent to prison is given by = P(A'/G)
We will use Bayes' Theorem here to calculate the above probability;
P(A'/G) =
=
= 
= <u>0.63</u>