Answer:the balance after 7 years is $3216
Step-by-step explanation:
A) Initial amount deposited into the account is $2800 This means that the principal,
P = 2800
It was compounded yearly. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 4%. So
r = 4/100 = 0.04
It was compounded for 7 years. So
t = 7
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. Therefore
A = 2800(1 + 0.04/2)^ 1× 7
A = 2800(1 + 0.02)^7
A = 2800(1.02)^7
A = $3216
Answer:
227.7 hours
Step-by-step explanation:
of means multiply and is means equals
230% * 99 = what
Change the percent to decimal form
2.30 * 99 = what
227.7= what
Answer:
D=0.031746
Step-by-step explanation:
Isolate the Variable by dividing each side by Factors that don't contain the Variable.
Multiply eqn 1 by 3 and eqn 2 by 7 then adding them will cancel Y. and X can be found.
Answer:
The probability that there are 8 occurrences in ten minutes is
option B. 0 .0771
Step-by-step explanation:
Given:
Random Variable = x
Mean number of occurrences in ten minutes is 5.3.
The probability of an occurrence is the same in any two time periods of an equal length
To Find:
The probability that there are 8 occurrences in ten minutes = ?
Solution:
Let X be the number of occurrences of the event X
Possion of distribution is given by ,
Substituting the values,
P(X=8) = 0.0771
