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2 years ago

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Derrick has $3500 in a savings account that earns 12% annually. If the interest is not compounded, how much interest will he ear

n in 3 years?

1 answer:

netineya [11]2 years ago

7 0

I'm thinking I no this one hold up

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n winter, the price of apples suddenly went up by \$0.75$0.75dollar sign, 0, point, 75 per pound. Sam bought 333 pounds of apple

RSB [31]

$1.21 is the original price per pound...i too am having trouble with figuring out how to setup the equation!!

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2 years ago

Which expression is equivalent to StartFraction 3 x Over x + 1 EndFractiondivided by x + 1?

8_murik_8 [283]

Answer:

Step-by-step explanation:

All those words! Just use math.

$\frac{3x/(x+1)}{x+1} = \frac{3x}{(x+1)^2}$

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2 years ago

Which description best compares the graphs of the two functions below?

Pavlova-9 [17]

Some of your pic is cut off so it's difficult to give the exact answer. But if you plot the points from the table you get that the equation for that set of data is linear and is y = 1/3x -2. This tells me that the y-intercepts are the same for both equations, so your answer is not the first or the third. Because the slope of the function A is 3 and for B is 1/3, the line for function A is steeper, the second of your choices above.

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2 years ago

Read 2 more answers

Tony addison obtained a 20-year, $45,000 mortgage loan from united savings with an interest rate of 8.5%. his monthly payment is

Anna007 [38]

As given,

Loan amount is = $45000

Rate of interest = 8.5%

So, Tony's mortgage will attract an interest of:

$45000\times\frac{8.5}{100}$ = $3825 (this is yearly)

And for 1st month it will be = $\frac{3825}{12}$ = $318.75

As given, the first month's payment is $390.60 and this covers the interest Additional amount ($390.60 - $318.75 = $71.85) is a payment against the principle.

Hence, the new principle after the 1st month is $71.85 less than $45000

= 45000-71.85 = $44928.15

Hence, the last option $44928.15 is the correct answer.

4 0

2 years ago

Three couples and two single individuals have been invited to an investment seminar and have agreed to attend. Suppose the proba

Maksim231197 [3]

Answer:

(a) Probability mass function

P(X=0) = 0.0602

P(X=1) = 0.0908

P(X=2) = 0.1704

P(X=3) = 0.2055

P(X=4) = 0.1285

P(X=5) = 0.1550

P(X=6) = 0.1427

P(X=7) = 0.0390

P(X=8) = 0.0147

NOTE: the sum of the probabilities gives 1.0068 for rounding errors. It can be divided by 1.0068 to get the adjusted values.

(b) Cumulative distribution function of X

F(X=0) = 0.0602

F(X=1) = 0.1510

F(X=2) = 0.3214

F(X=3) = 0.5269

F(X=4) = 0.6554

F(X=5) = 0.8104

F(X=6) = 0.9531

F(X=7) = 0.9921

F(X=8) = 1.0068

Step-by-step explanation:

Let X be the number of people who arrive late to the seminar, we can assess that X can take values from 0 (everybody on time) to 8 (everybody late).

<u>For X=0</u>

This happens when every couple and the singles are on time (ot).

$P(X=0)=P(\#1=ot)*P(\#2=ot)*P(\#3=ot)*P(\#4=ot)*P(\#5=ot)\\\\P(X=0)=(1-0.43)^{5}=0.57^5= 0.0602$

<u>For X=1</u>

This happens when only one single arrives late. It can be #4 or #5. As the probabilities are the same (P(#4=late)=P(#5=late)), we can multiply by 2 the former probability:

$P(X=1) = P(\#4=late)+P(\#5=late)=2*P(\#4=late)\\\\P(X=1) = 2*P(\#1=ot)*P(\#2=ot)*P(\#3=ot)*P(\#4=late)*P(\#5=ot)\\\\P(X=1) = 2*0.57*0.57*0.57*0.43*0.57\\\\P(X=1) = 2*0.57^4*0.43=2*0.0454=0.0908$

<u>For X=2</u>

This happens when

1) Only one of the three couples is late, and the others cooples and singles are on time.

2) When both singles are late , and the couples are on time.

$P(X=2)=3*(P(\#1=l)*P(\#2=ot)*P(\#3=ot)*P(\#4=ot)*P(\#5=ot))+P(\#1=ot)*P(\#2=ot)*P(\#3=ot)*P(\#4=l)*P(\#5=l)\\\\P(X=2)=3*(0.43*0.57^4)+(0.43^2*0.57^3)=0.1362+0.0342=0.1704$

<u>For X=3</u>

This happens when

1) Only one couple (3 posibilities) and one single are late (2 posibilities). This means there are 3*2=6 combinations of this.

$P(X=3)=6*(P(\#1=l)*P(\#2=ot)*P(\#3=ot)*P(\#4=l)*P(\#5=ot))\\\\P(X=3)=6*(0.43^2*0.57^3)=6*0.342=0.2055$

<u>For X=4</u>

This happens when

1) Only two couples are late. There are 3 combinations of these.

2) Only one couple and both singles are late. Only one combination of these situation.

$P(X=4)=3*(P(\#1=l)*P(\#2=l)*P(\#3=ot)*P(\#4=ot)*P(\#5=ot))+P(\#1=l)*P(\#2=ot)*P(\#3=ot)*P(\#4=l)*P(\#5=l)\\\\P(X=4)=3*(0.43^2*0.57^3)+(0.43^3*0.57^2)\\\\P(X=4)=3*0.0342+ 0.0258=0.1027+0.0258=0.1285$

<u>For X=5</u>

This happens when

1) Only two couples (3 combinations) and one single are late (2 combinations). There are 6 combinations.

$P(X=6)=6*(P(\#1=l)*P(\#2=l)*P(\#3=ot)*P(\#4=l)*P(\#5=ot))\\\\P(X=6)=6*(0.43^3*0.57^2)=6*0.0258=0.1550$

<u>For X=6</u>

This happens when

1) Only the three couples are late (1 combination)

2) Only two couples (3 combinations) and one single (2 combinations) are late

$P(X=6)=P(\#1=l)*P(\#2=l)*P(\#3=l)*P(\#4=ot)*P(\#5=ot)+6*(P(\#1=l)*P(\#2=l)*P(\#3=ot)*P(\#4=l)*P(\#5=ot))\\\\P(X=6)=(0.43^3*0.57^2)+6*(0.43^4*0.57)\\\\P(X=6)=0.0258+6*0.0195=0.0258+0.1169=0.1427$

<u>For X=7</u>

This happens when

1) Only one of the singles is on time (2 combinations)

$P(X=7)=2*P(\#1=l)*P(\#2=l)*P(\#3=l)*P(\#4=l)*P(\#5=ot)\\\\P(X=7)=2*0.43^4*0.57=0.0390$

<u>For X=8</u>

This happens when everybody is late

$P(X=8)=P(\#1=l)*P(\#2=l)*P(\#3=l)*P(\#4=l)*P(\#5=l)\\\\P(X=8) = 0.43^5=0.0147$

8 0

2 years ago