Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded to the nearest cent, how much interest will Lupita have earned after 48 months? The answer is $

Q: Camilla has $18,220 in a savings account. The interest rate is 5% per year and is not compounded. To…

A:

Q: Andy deposits $5000 into an account where intrerest is compounded biweekly. After five years, andy…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

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

A:

Q: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: Given the given invest=$3,600 Interest rate=0.43%(compounded monthly) Time=2 years Apply formula…

Q: You deposit $3000 each year into an account earning 3.1% interest. How much will you have in the…

A: Given Information Principal P = $3000 Interest rate R = 3.1%

Q: You deposit $5000 each year into an account earning 4.1% interest. How much will you have in the…

A: Please find the answer in next step.

Q: Sherry has a goal of retiring with $434,598 by making weekly deposits into an investment account…

A: Given   Sherry has a goal of retiring with $434,598 by making weekly deposits into an investment…

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: d 0.25% per month simple interest for a three-month term. What total amount of interest was ea

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

Q: Your interest rate on a $1,500 savings account is 4%. How much simple interest will the account earn…

A: Given information P=$1,500 r=4% ⇒r=4100=0.04 t=2 years We have to find the simple interest will the…

Q: Darnell deposts $4000 in a bank account which pays 13.39% interest compounded monthly.  How many…

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Q: Megan held a loan of $2,500 for 8 months and was charged interest of $181.67. What was the annual…

A: The objective of this question is to find the annual simple interest rate on a loan. The simple…

Q: Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

A: Given Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

Q: A five -month term deposit of $10,000 at Scotiabank earned $175 in interest. What annual rate of…

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

A:

Q: Jean borrowed $14,919.00 from her parents to finance a vacation. If interest was charged on the loan…

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Q: Ernie Rolph borrowed $5100 at 6% annual simple interest. If exactly 1 year later he was able to…

A:

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

A: ANSWER :

Q: Gilly Bates invested $45000 in a 6% annual interest account.  How many years, to the nearest…

A: See the answer below

Q: If you would like to make $1664 in 7 years, how much would you have to deposit in an account that…

A:

Q: Sam invests $1000 into an account earning 5.25% interest compound quarterly. How long will it take…

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.