$4000 into a account with 4.8 percent interest assuming no withdrawals are made how much will be n account after 9 years
1 answer:
Answer:
$5728
Step-by-step explanation:
$4000 is deposited into an account with 4.8% interest.
We assume that there are no withdrawals from the account.
Then we are asked the determine the amount will be there in the account after 9 years.
From the formula of simple interest, the final amount in the account after 9 years will be dollars. (Answer)
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Answer:
a) 0.5.
b) 0.8413
c) 0.8413
d) 0.6826
e) 0.9332
f) 1
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
(a) P(x > 6) =
This is 1 subtracted by the pvalue of Z when X = 6. So
has a pvalue of 0.5.
1 - 0.5 = 0.5.
(b) P(x < 6.2)=
This is the pvalue of Z when X = 6.2. So
has a pvalue of 0.8413
(c) P(x ≤ 6.2) =
In the normal distribution, the probability of an exact value, for example, P(X = 6.2), is always zero, which means that P(x ≤ 6.2) = P(x < 6.2) = 0.8413.
(d) P(5.8 < x < 6.2) =
This is the pvalue of Z when X = 6.2 subtracted by the pvalue of Z when X 5.8.
X = 6.2
has a pvalue of 0.8413
X = 5.8
has a pvalue of 0.1587
0.8413 - 0.1587 = 0.6826
(e) P(x > 5.7) =
This is 1 subtracted by the pvalue of Z when X = 5.7.
has a pvalue of 0.0668
1 - 0.0668 = 0.9332
(f) P(x > 5) =
This is 1 subtracted by the pvalue of Z when X = 5.
has a pvalue of 0.
1 - 0 = 1