LeBron James put the money he inherited in an investment that earns 4.4% per year, compounded semi- annually. After 12 years his investment had grown to $35 403.06. Determine how much money he inherited.

Q: Sandy invested $1500 with 3.5% interest. Compounded quarterly. How much money will she have in 8…

A: Given: The amount invested is $1500 with 3.5% rate of interest. The time period is 8 years. The…

Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

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Q: Gordon Rosel went to his bank to find out how long it will take for $2,000 to amount to $2,680 at…

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Q: y borrows $79,500 for

A: Introduction: The formula of the simple interest rate is given by, S.I.=P×R×T100 Where P is the…

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: Joy invests $18,000 into an account at an annual rate of 0.6% simple interest for 36 months.…

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Q: Joe took out a car loan for $12,000. He paid $4,800 in interest at a rate of8% per year. How many…

A: Considering it as simple interest, Number of years= 4800/{12000×0.08}= 5 years

Q: A used car bought in 2019 was worth $8,000. Each year its value depreciates by 4.5%. What is the…

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Q: A new car was purchased at a cost of $25,000. The car depreciates approximately 15% of its value…

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Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: Dexter deposited $6,300 into a savings account that earns 2.60% simple interest per year. How much…

A: Given that  Dexter deposited $6,300 into a savings account   that earns 2.60% simple interest per…

Q: A man wants to set up 529 college savings account for his daughter . How much would he need to…

A: Given that a man wants to set up 529 college savings account for his daughter and the account in…

Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

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Q: As part of their employee benefits, all workers at Middletown electronics receive a pension that is…

A: It is given that As part of their employee benefits, all workers at Middletown electronics receive a…

Q: Determine the interest earned if $87000 is invested at 1.7% simple interest for 47 months.

A: .

Q: Nicholas Thomas deposits $38,000 in his school credit union for 7 months if the credit union pays 3…

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Q: simple

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Q: Carlos deposits $600 into an account that pays simple interest at a rate of 2% per year. How much…

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Q: Find the amount due if $600 is borrowed for 9 months at 8% simple interest. Amount = $ %3D

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Q: Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she…

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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: Archie Buchanon has a $28,000 boat that loses 12.5% of its value yearly.  How much is his boat worth…

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Q: Joe invested 7,000 into a mutual fund to save for a new car. The mutual fund compounds quarterly…

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Q: Your paycheck each week is $500.00. If you want to save $2000.00 in one year, how much should you…

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Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: 2500. It has decreased in value 12% each year since it was purchased if he brought it four years…

A: Present value of the motorcycle, P.V = 2500 time since he purchased the motorcycle, t = 4 years rate…

Q: A professional baseball team signs a player for $800,000. His salary increases by 5% each year. How…

A: Here initial salary (P)= $800,000 Increment rate (r)= 5%=0.05 Final salary (A)= $6 million = $…

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.