Answer:
$12159 per year.
Step-by-step explanation:
If I invest $x each year at the simple interest of 7.5%, then the first $x will grow for 35 years, the second $x will grow for 34 years and so on.
So, the total amount that will grow after 35 years by investing $x at the start of each year at the rate of 7.5% simple interest will be given by
=
{Since sum of n natural numbers is given by }
= 35x + 47.25x
= 82.25x
Now, given that the final amount will be i million dollars = $1000000
So, 82.25x = 1000000
⇒ x = $12,158. 05 ≈ $12159
Therefore. I have to invest $12159 per year. (Answer)
Answer: 6 hours
Given, Tim and Jim are working on a school project together.
Tim takes 10 hours to complete the school project.
If Jim worked alone, it would take him 15 hours
Let t be the time they both take if they work together.
Then,
So, it will take<u> 6 hours</u> to complete the school project together .
Let x be the discrete random variable whose value is the number of successes in n trials.
The probability distribution function for x of the binomial distribution B(n,p) is defined as
Given that the random sample size is
let x represent number of customers who purchase running shoes
Let "p" be the probability of customers in a sporting goods store purchase a pair of running shoes.
It is given that 70% of the customers in a sporting goods store purchase a pair of running shoes.
Thus
Thus the Probability distribution of x is given by
, where