We have a deposit of $2000 into an account that pays 6% compounded monthly, after a year we will have:
The effective annual yield (EAY) will be:
The EAY is 101.22%
M^2 + n^2
Step 1:
Substitute in the numbers
-5^2 + 3^2
Step 2:
Square both numbers
25 + 9
Step 3:
Add them together
Answer is 34
Answer:
$65.325 or $65.33
Step-by-step explanation:
When looking for a percentage in a number, you want to multiply that number by the percentage. Remember that all percentages are to the hundreth power, or 0.00. So if you want to find 30% of 50.25, you multiply it by 0.30 or 0.3. After calculating that you will come up with 15.075 as the percentage. Since the store is marking the price up, you add it to the original price. So your equation is 50.25 + 15.075 =?. After calculating that, you get the answer 65.325. That is only half of your answer though because, when dealing with money, you always round to the nearest hundredth. So when you round 65.325, you get 65.33 which should be the correct answer.
The final probability is the weighted average of the playing probabilities calculated over the possible weather options:
P(john practices cello; given that it rains) * P(it rains) +
P(john practices cello; given that it does not rain) * P(it does not rain) =
0.6 * 0.7 + 0.4 * 0.3 = 0.54
The probability is 54%
