Given:
Amount = Rs. 9,144
Time = 3 years.
Rate of simple interest = 9%
To find:
The principal value.
Solution:
The formula for simple interest is:
Where, P is principal, r is the simple rate of interest, and t is the number of years.
Putting in the above formula, we get
We know that,
Divide both sides by 1.27, we get
Therefore, the principal value is Rs. 7200.
Answer:
b. the area to the right of 2
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X, which is also the area to the left of Z. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X, which is the area to the right of Z.
In this problem:
Percentage who did better:
P(Z > 2), which is the area to the right of 2.