Answer:
$95.5090 must be deposited monthly
Step-by-step explanation:
From the information given:
The annual interest rate (r) = 4.2% = 0.042
Let assume that an amount Y is deposited, then after one month, it will increase to:
The total amount after 4 years will be:
Using the sum of a geometric progression:
The above amount is then equal to $5000
i.e
Answer:
a) 8*88*10⁻⁶ ( 0.00088 %)
b) 0.2137 (21.37%)
Step-by-step explanation:
if the test contains 25 questions and each questions is independent of the others, then the random variable X= answer "x" questions correctly , has a binomial probability distribution. Then
P(X=x)= n!/((n-x)!*x!)*p^x*(1-p)^(n-x)
where
n= total number of questions= 25
p= probability of getting a question right = 1/4
then
a) P(x=n) = p^n = (1/4)²⁵ = 8*88*10⁻⁶ ( 0.00088 %)
b) P(x<5)= F(5)
where F(x) is the cumulative binomial probability distribution- Then from tables
P(x<5)= F(5)= 0.2137 (21.37%)
Answer: Depends on the function but to figure this out you look for the growth factor in the equation is greater than 1
Answer:
2.2+3(3.4)
=2.2+10.2
=12.4
Step-by-step explanation:
Answer:
false
Step-by-step explanation:
