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nirvana33 [79]
1 year ago
6

A principal of $5,350 is placed in an account that earns 3.5% interest. If the interest is compounded annually, how much money w

ill be in the account at the end of 4 years? a. $5,760.06 b. $5,537.25 c. $6,099.00 d. $6,139.25
Mathematics
2 answers:
neonofarm [45]1 year ago
7 0

we know that  

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=4\ years\\ P=\$5,350\\ r=0.035\\n=1  

substitute in the formula above  

A=5,350(1+\frac{0.035}{1})^{1*4}=\$6,139.25

therefore

<u>the answer is the option D </u>

\$6,139.25

statuscvo [17]1 year ago
5 0
The Answer is D: 6,139.25 dollars
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At East Middle School, there are 58 left-handed students and 609 right-handed students. The numbers of left- and right-handed st
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<u>Answer:</u>

C. Left-handed: 48, Right-handed: 504

D. Left-handed: 30, Right-handed: 315

<u>Step-by-step explanation:</u>

We are given that there are 58 left-handed students and 609 right-handed students at East Middle School and these numbers of students are proportional to the number of left and right handed students at East Middle School.

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The average American man consumes 9.8 grams of sodium each day. Suppose that the sodium consumption of American men is normally
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Answer:

(a) The distribution of <em>X</em> is <em>N</em> (9.8, 0.8²).

(b) The probability that an American consumes between 8.8 and 9.9 grams of sodium per day is 0.4461.

(c) The middle 30% of American men consume between 9.5 grams to 10.1 grams of sodium.

Step-by-step explanation:

The random variable <em>X</em> is defined as the amount of sodium consumed.

The random variable <em>X</em> has an average value of, <em>μ</em> = 9.8 grams.

The standard deviation of <em>X</em> is, <em>σ</em> = 0.8 grams.

(a)

It is provided that the sodium consumption of American men is normally distributed.

The random variable <em>X</em> follows a normal distribution with parameters <em>μ</em> = 9.8 grams and <em>σ</em> = 0.8 grams.

Thus, the distribution of <em>X</em> is <em>N</em> (9.8, 0.8²).

(b)

If X ~ N (µ, σ²), then Z=\frac{X-\mu}{\sigma}, is a standard normal variate with mean, E (Z) = 0 and Var (Z) = 1. That is, Z ~ N (0, 1).

To compute the probability of  Normal distribution it is better to first convert the raw score (<em>X</em>) to <em>z</em>-scores.

Compute the probability that an American consumes between 8.8 and 9.9 grams of sodium per day as follows:

P(8.8

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Thus, the probability that an American consumes between 8.8 and 9.9 grams of sodium per day is 0.4461.

(c)

The probability representing the middle 30% of American men consuming sodium between two weights is:

P(x_{1}

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Compute the value of <em>x</em>₁ and <em>x</em>₂ as follows:

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Thus, the middle 30% of American men consume between 9.5 grams to 10.1 grams of sodium.

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