In the given table we note that there are six clear subintervals: [0, 0.5], [0.5, 1.0], [1.0, 1.5], [1.5, 2.0], [2.0, 2.5], and
1 answer:
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Answer:
5.5% probability that a randomly selected person plays soccer
Step-by-step explanation:
A probability is the number of desired outcomes divided by the number of total outcomes.
Desired outcomes:
People surveyed who play soccer, so
Total outcomes:
Total people surveyed, so
What is the probability that a randomly selected person plays soccer?
5.5% probability that a randomly selected person plays soccer
Answer:
5 years
Step-by-step explanation:
In the question we are given;
- Amount invested or principal amount as $5048
- Rate of interest as 4% compounded 12 times per year
- Amount accrued as $6,163.59
We are required to determine the time taken for the money invested to accrue to the given amount;
Using compound interest formula;
where n is the interest period and r is the rate of interest, in this case, 4/12%(0.33%)
Therefore;
introducing logarithms on both sides;
But, 1 year = 12 interest periods
Therefore;
Number of years = 60.61 ÷ 12
= 5.0508
= 5 years
Therefore, it will take 5 years for the invested amount to accrue to $6163.59