8) You want to deposit $5,000 in an account and have three different options. Complete the table and answer the question. Bank Rate Compounded Total after 10 years 4% Annually 3.5% Semi-Annually C 3% Quarterly Which bank would you pick? B.

Q: Salim deposits OMR 1,200 at a rate of 8% for a period of 5 years. What is the amount he gets after 5…

A: Given that  Salim deposits OMR 1,200 at a rate of 8% for a period of 5 years To find the  What is…

Q: $35,000 to invest in a saving account. She receives a steady interest rate of 2.15% compunded…

A: Given Principal amount = $35,000 Interest rate = 2.15% time = 20 years

Q: Salim borrowed some money which amounts to OMR 4530 after 3 years at 7% simple interest.How much did…

A:

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

A:

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your total return? Total Return =…

A: given deposit = $1000 total balance after 5 years = $1500

Q: A person deposits 100$ at the end of first, second and third year, if the rate of interest is 15%…

A: This is the case of compound interest

Q: You have $500,000 saved for retirement. Your account earns 5% interest. How much will you be able to…

A:

Q: w much amount Sara should deposit in an account at 8% to earn an interest of OMR 1200 after 2 years?…

A: Rate of interest =8%, time= 2 years,  S.I.= 1200.  To Find the deposit amount..

Q: Andrew invested $213 for 15 months in a bank and received a maturity amount of $239.50. If he had…

A:

Q: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in…

A: The continuous compounding formula is, Pt=P0ert In the formula, P0 is original principle sum, r be…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Jacob has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35%…

A:

Q: The cost to attend 1 year at the college that Jordyn would like to attend is $17,250. Jordyn's…

A:

Q: Mary deposits $9,000 in a bank account that guarantees a simple interest rate of 7.5% per year. How…

A:

Q: John invests $1,500 at 6% annual interest compounded continuously. How much is in the account after…

A: We can make it easier to get it.

Q: How much will you pay for the interest if you will borrow an amount P24.000 at 4% simple interest…

A:

Q: You deposit $5000 each year into an account earning 7% interest compounded annually. How much will…

A:

Q: Jaml's Home Repair borrows $4,000, at 16.75% interest, for 330 days. Use the exact interest method…

A: Exact simple interest is a simple interest that uses exact number of days in a year which is 365…

Q: Your parents buy a new computer for you at a cost of $2500. The computer depreciates (decreases) in…

A:

Q: Kelly paid off his student loan in 3 years by making payments of $650 at the beginning of every…

A:

Q: If you start working with a savings account with a $.25 in it and your boss double it each day for 3…

A:

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: You saved $1,240 and your sister agrees to put it in a savings account at her credit union so you…

A: P=1240,  r=8%=0.08,  t=2  &  n=4.

Q: Complete the table.  Interest  Principal  Rate  Time (Days)  P300  P30,000  8%    P450…

A:

Q: Brad invests $3700 in an account paying 3% compounded monthly. How much is in the account after 8…

A: We know,         For principal amount P and rate of interest r% compounded per unit time, the amount…

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…

A: Given, Future value (FV) = $800,000 Rate of interest (r) = 9% Time (t) = 30 years n = 12 ( months)…

Q: Alyssa puts $4000 into a saving plan for 10 years at 7.8% annual simple interest. Four years into…

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.