Answer:
It will take 10.63 years.
Step-by-step explanation:
Giving the following information:
Present value (PV)= $4,000
Future Value (FV)= $10,000
Interest rate (i)= 9% annual compounded
<u>To calculate the time required to reach $10,000, we need to use the following formula:</u>
n= ln(FV/PV) / ln(1+i)
n= number of years
n= ln(10,000 / 4,000) / ln(1.09)
n= 10.63
It will take 10.63 years.
Answer:
$50.
Step-by-step explanation:
Let the full price be x dollars, then:
x - 0.20x = 40
0.80x = 40
x = 40/0.80
x = 50.
A special 8 sided die is rolled 20 times with these outcomes: 2, 4, 7, 3, 1,5, 4, 6, 3, 8, 6, 2, 5, 2, 6, 1, 7, 4, 5, 6 What is
sweet-ann [11.9K]
In your data set, 2 and 4 each show up 3 times. The experimental probability of rolling a 2 or 4 is 6/20 = 0.30.
The theoretical probability of rolling one of 2 given numbers out of 8 is 2/8 = 0.25. The experimental probability in this case is greater than the theoretical probability.
