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denis23 [38]
2 years ago
7

Mary's bank account earns 4% simple interest per year. How much must she deposit in the account today if she wants it to be wort

h $1,000 in 5 years? Round your answer to the nearest dollar. Do NOT round until you have calculated your final answer.
Mathematics
2 answers:
alexandr1967 [171]2 years ago
5 0

Answer:

A=\$1,200

Step-by-step explanation:

we know that

The simple interest formula is equal to

A=P(1+rt)

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have

t=5\ years\\ P=\$1,000\\r=4\%=4/100=0.04

substitute in the formula above

A=1,000(1+0.04*5)

A=1,000(1.2)

A=\$1,200

madam [21]2 years ago
4 0

Answer:

The answer is $833.

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In a certain community, eight percent of all adults over age 50 have diabetes. If a health service in this community correctly d
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Complete question is;

In a certain community, 8% of all people above 50 years of age have diabetes. A health service in this community correctly diagnoses 95% of all person with diabetes as having the disease, and incorrectly diagnoses 10% of all person without diabetes as having the disease. Find the probability that a person randomly selected from among all people of age above 50 and diagnosed by the health service as having diabetes actually has the disease.

Answer:

P(has diabetes | positive) = 0.442

Step-by-step explanation:

Probability of having diabetes and being positive is;

P(positive & has diabetes) = P(has diabetes) × P(positive | has diabetes)

We are told 8% or 0.08 have diabetes and there's a correct diagnosis of 95% of all the persons with diabetes having the disease.

Thus;

P(positive & has diabetes) = 0.08 × 0.95 = 0.076

P(negative & has diabetes) = P(has diabetes) × (1 –P(positive | has diabetes)) = 0.08 × (1 - 0.95)

P(negative & has diabetes) = 0.004

P(positive & no diabetes) = P(no diabetes) × P(positive | no diabetes)

We are told that there is an incorrect diagnoses of 10% of all persons without diabetes as having the disease

Thus;

P(positive & no diabetes) = 0.92 × 0.1 = 0.092

P(negative &no diabetes) =P(no diabetes) × (1 –P(positive | no diabetes)) = 0.92 × (1 - 0.1)

P(negative &no diabetes) = 0.828

Probability that a person selected having diabetes actually has the disease is;

P(has diabetes | positive) =P(positive & has diabetes) / P(positive)

P(positive) = 0.08 + P(positive & no diabetes)

P(positive) = 0.08 + 0.092 = 0.172

P(has diabetes | positive) = 0.076/0.172 = 0.442

8 0
2 years ago
Zaire is buying a truck that costs p dollars. The expression shown represents the sales tax on the truck.
natima [27]

Answer:

The expression representing the total price of the truck including the sales tax is 1.07p

Step-by-step explanation:

The total price of the Truck can be calculated by adding the cost of the Truck to the sales tax of the Truck

From the question, the cost of the truck is $ p while the tax is 0.07p

So the total price of the truck will be;

p + 0.07p

= p( 1 + 0.07)

= p(1.07)

= 1.07p

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2 years ago
Kiyo bought a pizza for $12.75 and four medium drinks at Pauli's pizza. Define a variable and write an expression to represent t
Mariana [72]
3$ THE DRINKS ARE 3$ 
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2 years ago
A candy maker produces mints that have a label weight of 20.4 grams. Assume that the distribution of the weights of these mints
Sliva [168]

Answer:

a)0.099834

b) 0

Step-by-step explanation:

To solve for this question we would be using , z.score formula.

The formula for calculating a z-score is is z = (x-μ)/σ, where x is the raw score, μ is the population mean, and σ is the population standard deviation.

A candy maker produces mints that have a label weight of 20.4 grams. Assume that the distribution of the weights of these mints is normal with mean 21.37 and variance 0.16.

a) Find the probability that the weight of a single mint selected at random from the production line is less than 20.857 grams.

Standard Deviation = √variance

= √0.16 = 0.4

Standard deviation = 0.4

Mean = 21.37

x = 20.857

z = (x-μ)/σ

z = 20.857 - 21.37/0.4

z = -1.2825

P-value from Z-Table:

P(x<20.857) = 0.099834

b) During a shift, a sample of 100 mints is selected at random and weighed. Approximate the probability that in the selected sample there are at most 5 mints that weigh less than 20.857 grams.

z score formula used = (x-μ)/σ/√n

x = 20.857

Standard deviation = 0.4

Mean = 21.37

n = 100

z = 20.857 - 21.37/0.4/√100

= 20.857 - 21.37/ 0.4/10

= 20.857 - 21.37/ 0.04

= -12.825

P-value from Z-Table:

P(x<20.857) = 0

c) Find the approximate probability that the sample mean of the 100 mints selected is greater than 21.31 and less than 21.39.

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2 years ago
Tanner went to the bank and deposited $200 if his final balance was $647 what did he begin with?
Tema [17]

Answer:

$847

Step-by-step explanation:

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