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

A:

Q: Julie borrowed $8200 at a simple interest rate of 0.5% per month. How much interest will she owe…

A: Given : Julie borrowed $8200 at a simple interest rate of 0.5% per month.   To Find : Simple…

Q: Eileen earned $45 in annual interest from a savings account with a 3.5% annual interest rate.…

A: Eileen earned $45 in annual interest from a savings account with a 3.5% annual interest rate.…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

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: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…

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Q: Margo borrows $700, agreeing to pay it back with 3% annual interest after 17 months. How much…

A: Given that The principal amount P=700 Interest rate R=3%=3100Time T=17 months =1712 years .

Q: Katie received a bonus of $6,650. If she spent three-fourths of this amount on a vacation, how much…

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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: 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: Vince deposits $680 into a savings account that earns interest at a rate of 5.5% monthly. In seven…

A: Given: Vince deposits $680 into a savings account that earns interest at a rate of 5.5% monthly for…

Q: Margo borrows $800, agreeing to pay it back with 3% annual interest after 9 months. How much…

A: Simple interest formula: The simple interest formula is given by, I=P×r×t, where P is principal, r…

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: Margo borrows $100, agreeing to pay it back with 6% annual interest after 16 months. How much…

A:

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: simple

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

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Q: After making 360 monthly payments, how much if what you paid the bank was interest? $           .…

A: Total amount paid =360*978.03 Total amount paid=352090.8

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

A: See the answer below

Q: At age 24, Brandie decides to put $150 a month into an account that has a 6% APR until she retires…

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Q: Melissa notes that her savings account earned $56.37 in nine months. If the interest for her account…

A:

Q: Johnny made ten annual payments of $1000 each into an account that pays 6% interest per year.  What…

A: The given question can be solved as shown in step2.

Q: Ashley purchased a car for $16,500.  She put 10% down and financed the remaining 90% of the purchase…

A: She paid 10% of the total as a downpayment. So the downpayment amount is 10% of 16500 = $1650 Then…

Q: Haley invests $1,500 into an account that earns 4.5% interest compounded quarterly. How much money…

A:

Q: Adriana invested $4,500 for 8 months in an account that paid 1.9% interest. How much interest did…

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.