Answer:
<h2> $1945</h2>
Step-by-step explanation:
Let X be the normal distribution
Kindly find attached a detailed annotation of the solution to the problem.
in the attached document, we found the value that corresponds to 80th percentile, hence we found the value such that the probability that the variable x is lower than this value is 0.8.
Also, from the calculation, we found that the value which corresponds to the 80th percentile is $1945
Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
Answer:
y=2/3x+4.3
Step-by-step explanation:
y=mx+c
(5-3)/(1--2)
2/3= gradient
y=2/3x +c
5=2/3(1)+c
-2/3
4.3=c
Answer:
₹42,500
Step-by-step explanation:
Let Sonali's monthly income be ₹x
<h2>According to the question </h2>
So your answer will be ₹42,500.
