Answer: $76,244.51
Step-by-step explanation:
You need to use the compound interest formula here.
First of all however, you need to convert the terms to monthly figures because the interest is compounded monthly.
4% in months = 4 / 12 = 4/12%
6 years = 6 * 12 = 72 months
Now use the compound interest formula:
= Amount * (1 + rate) ^ number of years
= 60,000 * ( 1 + 4/12%) ⁷²
= $76,244.51
Answer:
X=75 y=90
Step-by-step explanation:
180-105=75
X=75
180-90=90
Y=90
Subtract 43 from both sides
-6p=-30
Divide both sides by -6
p=5
Final answer: p=5
Answer:
0.1971 ( approx )
Step-by-step explanation:
Let X represents the event of weighing more than 20 pounds,
Since, the binomial distribution formula is,

Where, 
Given,
The probability of weighing more than 20 pounds, p = 25% = 0.25,
⇒ The probability of not weighing more than 20 pounds, q = 1-p = 0.75
Total number of samples, n = 16,
Hence, the probability that fewer than 3 weigh more than 20 pounds,





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