Alex invests 600 dollars at 9% interest compounded weekly. How long does it take to yield 700 dollars

Q: how long does it take an account containing $8000 to be worth $15000 if the money is invested at 9%…

A:

Q: Ford needs $800 for a down payment on a car he would like to buy in 3 years. He found an account…

A:

Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

Q: An investment of $75,000 increases at a rate of 12.5% per year. Find e value of the investment after…

A: An investment of 75,000 increases at a rate 12.5% per year. Find the value of the investment after…

Q: A $15000 investment earns 12.25% interest, compounded semi-annually. Approximately, how long will it…

A: Given: Initial investment = $15000 Accumulated value = 3×15000=45000 Rate of interest compounded…

Q: if I invest 1000 at 2% interest how long will it take to double my money

A:

Q: Nicole wants to save $4000 for a backpacking trip through Europe when she finishes college in 3…

A: Consider the given information.

Q: stacy has 100$ in a savings accont that earns 5% annually. the interset is not compounded. how much…

A: We have the simple interest formula as     A = P*(1 + r*t )  where A = final amount…

Q: When Grayson was 20 years old, he opened an individual retirement account by investing $2,000 at 11%…

A: To find out the amount when the person becomes 65 years old.

Q: You invest at 7% interest, compounded monthly. How long does it take for your money to triple?

A: The compound interest formula is  A=P(1+r/n)nt ; Where, P= principal             r=interest rate…

Q: Joann invested $28,800 at 13% to be compounded daily. What will be the value of Joann’s investment…

A: invested $28,800 at 13% to be compounded daily

Q: Antonio invests $3,250, at 4% interest, compounded semiannually for 14 years. Use the compound…

A: We have given that rate of interest (r) = 4% per annum = 4%/2 = 2% semiannually  Number of times…

Q: You save 500 each month by depositing into an account earning 7% monthly. After 15 years you stop…

A:

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: Find the original investment in an account if the final amount of money is $8296. It was invested in…

A: Given amount=$8296

Q: Renata invested $500 at 5% compounded monthly for 4 years. What will the investment be worth at the…

A: We know that, A= P(1+(r/n))nt where, = final amount = initial principal balance = interest…

Q: Josh has 1200 dollars which he invests at 4% interest compounded daily. Represent how much he has…

A: Compound interest

Q: Bank A will pay 4.2%, compounded annually, on a savings account. Bank B, a competitor, offers…

A: Given that, Bank A will pay 4.2% rate compounded annually on a saving account. Lets us find the…

Q: We invest $4000 in an account that pays simple interest of 3% each year. How much interest is earned…

A: Let, P = initial  amount r = annual  interest  rate t = time ,then the simple  interest  formula…

Q: You invest at 7% interest, compounded weekly. How long does it take your money to double? Show all…

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.