Answer:
The age of the person who entered the room is 15
Step-by-step explanation:
We are given:
Ages of 5 people in a room are:
17, 16, 15, 17, 22
A person enters room, and then the mean age of 6 people is 17.
We need to find the age of person who entered the room.
The formula to calculate mean is:
Now, in question we are given mean of 6 people that is 17
The age of 5 people are given while age of one person who enters the room is unknown.
Let age of person whose age is unknown= x
Now finding x using mean formula
So, The value of x: x=15
Hence, the age of the person who entered the room is 15
Answer:
17.5% per annum
Step-by-step explanation:
<u>Given:</u>
Money invested = $20,000 at the age of 20 years.
Money expected to be $500,000 at the age of 40.
Time = 40 - 20 = 20 years
<em>Interest is compounded annually.</em>
<u>To find:</u>
Rate of growth = ?
<u>Solution:</u>
First of all, let us have a look at the formula for compound interest.
Where A is the amount after T years compounding at a rate of R% per annum. P is the principal amount.
Here, We are given:
P = $20,000
A = $500,000
T = 20 years
R = ?
Putting all the values in the formula:
So, the correct answer is <em>17.5% </em>per annum and compounding annually.
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