Answer: The amount is $14794.39 and the interest is $9794.39
Step-by-step explanation: If you deposit <em><u>$5000</u></em><u> </u>into an account paying <em><u>7.5%</u></em> annual interest compounded yearly , how much money will be in the account after <em><u>15 years</u></em>?
To find amount we use formula:
A-P(1+r/n) n*t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
P=$5000, r=7.5, n=1 and, t=15 years
After plugging the given information we have
A= $5000 (1+0.075/1)^1.15
A= 5000 *1.075^15
A=14794.39
To find interest we use formula A=P+I'
since A= 14794.39 and P=5000
we have: A=P+I 14794.39=5000+I
I= 14794.39 -5000
I=9794.39
Subtract 20 and 10. To get your answer
Answer:
The amount of markup is 88 dollars.
Step-by-step explanation:
Given that the whole sale price of bicycle is: $400
Mark up is the profit that the seller of the product makes after selling the product more in price more than its cost or buying price.
Given that mark up percentage is 22%
It can be written mathematically as:
Hence,
The amount of markup is 88 dollars.
Answer:
it's a acute angle
Step-by-step explanation:
no more that 90 degrees
Answer:
a) P(2)=0.270
b) P(X>3)=0.605
c) P=0.410
Step-by-step explanation:
We know that customers arrive at a grocery store at an average of 2.1 per minute. We use the Poisson distribution:
a) In this case:
Therefore, the probability is P(2)=0.270.
b) In this case:
Therefore, the probability is P(X>3)=0.605.
c) We know that two customers came in in the first minute. That is why we calculate the probability of at least 5 customers entering the other 2 minutes.
In this case:
Therefore, the probability is P=0.410.