Your money grows faster because the interest is added back into the principle and then the next time it compounds you get interest on the new principle amount. So for example, you deposit $100 in an account that gets 5% interest compounded semiannually. The first time it compounds you get $5 added to your account so your new balance is $105. The next time it compounds you get 5% on $105 so you get $5.25 added and so on. If this is only happening semi-annually that would be all you get for the year. But if it happens quarterly you would get would get deposits of $5.51 and $5.79 as well. If it compounds monthly or even daily your money would grow more and more. Hope this helps.
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Since the exponent is negative, you move the decimal (2.0) to the left two spots leaving you with .02
Using the normal distribution, the probabilities are given as follows:
a. 0.4602 = 46.02%.
b. 0.281 = 28.1%.
<h3>Normal Probability Distribution</h3>
The z-score of a measure X of a normally distributed variable with mean and standard deviation is given by:
- The z-score measures how many standard deviations the measure is above or below the mean.
- Looking at the z-score table, the p-value associated with this z-score is found, which is the percentile of X.
- By the Central Limit Theorem, the sampling distribution of sample means of size n has standard deviation .
The parameters are given as follows:
Item a:
The probability is <u>one subtracted by the p-value of Z when X = 984</u>, hence:
Z = 0.1
Z = 0.1 has a p-value of 0.5398.
1 - 0.5398 = 0.4602.
Item b:
By the Central Limit Theorem:
Z = 0.58
Z = 0.58 has a p-value of 0.7190.
1 - 0.719 = 0.281.
More can be learned about the normal distribution at brainly.com/question/4079902
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Y=4x over 9 should be the anwser if i did it right