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spin [16.1K]
2 years ago
7

You deposit $500 into an account that pays 4.25% annual interest compounded continuously. What is the balance after 10 years?

Mathematics
1 answer:
scZoUnD [109]2 years ago
6 0

~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$500\\ r=rate\to 4.25\%\to \frac{4.25}{100}\dotfill &0.0425\\ t=years\dotfill &10 \end{cases} \\\\\\ A=500e^{0.0425\cdot 10}\implies A=500e^{0.425}\implies A\approx 764.80

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15. Suppose a box of 30 light bulbs contains 4 defective ones. If 5 bulbs are to be removed out of the box.
Naddika [18.5K]

Answer:

1) Probability that all five are good = 0.46

2) P(at most 2 defective) = 0.99

3) Pr(at least 1 defective) = 0.54

Step-by-step explanation:

The total number of bulbs = 30

Number of defective bulbs = 4

Number of good bulbs = 30 - 4 = 26

Number of ways of selecting 5 bulbs from 30 bulbs = 30C5 = \frac{30 !}{(30-5)!5!} \\

30C5 = 142506 ways

Number of ways of selecting 5 good bulbs  from 26 bulbs = 26C5 = \frac{26 !}{(26-5)!5!} \\

26C5 = 65780 ways

Probability that all five are good = 65780/142506

Probability that all five are good = 0.46

2) probability that at most two bulbs are defective = Pr(no defective) + Pr(1 defective) + Pr(2 defective)

Pr(no defective) has been calculated above = 0.46

Pr(1 defective) = \frac{26C4  * 4C1}{30C5}

Pr(1 defective) = (14950*4)/142506

Pr(1 defective) =0.42

Pr(2 defective) =  \frac{26C3  * 4C2}{30C5}

Pr(2 defective) = (2600 *6)/142506

Pr(2 defective) = 0.11

P(at most 2 defective) = 0.46 + 0.42 + 0.11

P(at most 2 defective) = 0.99

3) Probability that at least one bulb is defective = Pr(1 defective) +  Pr(2 defective) +  Pr(3 defective) +  Pr(4 defective)

Pr(1 defective) =0.42

Pr(2 defective) = 0.11

Pr(3 defective) =  \frac{26C2  * 4C3}{30C5}

Pr(3 defective) = 0.009

Pr(4 defective) =  \frac{26C1  * 4C4}{30C5}

Pr(4 defective) = 0.00018

Pr(at least 1 defective) = 0.42 + 0.11 + 0.009 + 0.00018

Pr(at least 1 defective) = 0.54

3 0
3 years ago
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Answer: B. x is all real numbers.

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3 years ago
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Answer:

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Step-by-step explanation:

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