the answer to this question would be 0.185185185185185
Answer:
amount is 1000 ×
$40762.20 balance of Donna's account will be 1 million dollars when she retires in 40 years
rate 14.97 % when Donna's account will have a balance of 1 million dollars in 40 years when principal is $2500
Step-by-step explanation:
principal = $1000
rate = 8 % = 0.08
to find out
the future value, S(t)
principal when Donna's account will be 1 million dollars when she retires in 40 year
at what rate Donna's account will have a balance of 1 million dollars in 40 years
solution
we know compounded continuously formula i.e.
amount = principal × ..................1
put the value principal and rate in equation 1 to find amount any time
amount = principal ×
amount = 1000 ×
in 2nd part we have time 40 year and amount 1 million so put rate amount and time in equation 1 to find principal
rt = 0.08 × 40 = 3.2
amount = principal ×
1000000 = principal ×
principal = 1000000 /
principal = 1000000 / 24.5325302
principal = 40762.20397
so $40762.20 balance of Donna's account will be 1 million dollars when she retires in 40 years
in 3rd part we have amount 1 million and principal $2500 and time 40 year put all these in equation 1 to find rate
amount = principal ×
1000000 = 2500 ×
take ln both side
ln = ln (1000000 / 2500 )
40 r = ln 400
r = ln (400) / 40
r = 0.149787
so rate 14.97 % when Donna's account will have a balance of 1 million dollars in 40 years when principal is $2500
20×1=20
20×2=40
20×3=60
20×4=80
20×5=100
20×6=120
20×7=140
20×8=160
20×9=180
20×10=200
(Only include this if the table is up to 12)
20×11=220
20×12=240
Answer:
(b)0.56
(c)0.38
Step-by-step explanation:
(a)The tree diagram is attached.
P(Ben Fails)=1-0.8=0.2
P(Tom Fails)=1-0.7=0.3
(b)Probability that both will pass their driving test.
P(both will pass)=0.8 X 0.7 =0.56
(c)Probability that only one of them will pass their driving test.
P(Tom Bass, Ben Fails OR Ben Pass, Tom Fails)
=(0.7 X 0.2)+(0.8 X 0.3)
=0.14+0.24
=0.38
There you go I hope it helps