Question Cynthia invested $12,000 in a savings account. If the interest rate is 6%, how much will be in the account in 10 years by compounding continuously? Round to the nearest cent. Provide your answer below: A=S I FEEDBACK MORE INSTRUCTION SUBMIT

Q: You apply for a $3000 loan at 4.5% simple interest rate to be paid back in for 3 years. What is 4.5%…

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Q: Determine the simple interest. (The rate is an annual rate unless otherwise stated. Assume 360 days…

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Q: Find the amount in the account after $300 is invested for 1 year at 6% compounded monthly. (Enter a…

A: Here, the formula used is: A=P1+rnnt

Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: See the attachment

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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Q: You buy a new computer for $2750. Every year, its value decreases by 7.5%. What will be the value of…

A: Here the price of the computer is decreasing at a rate of 7.5% as that of the pervious year. So the…

Q: You invest $5000 at 6% interest, compounded semi-annually. How long will it take to double your…

A: Find out the time that it takes to double the investment.

Q: 6. The value of a new speed boat depreciates at a rate of 7% per year. If the boat was bought for…

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Q: Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is 496 compounded…

A: Given problem:- Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is…

Q: A new laptop computer costs $15pp. The value of the computer decreases bye 22%each year. How much is…

A: P(t)=P0(1-r)t P0=Initial pricer=rate of decreaset=time

Q: You invest $49,010 in an account earning 5.26% APR, compounded daily. How much total interest is…

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Q: Assume the price of oil increases at a rate of 3% per month. At the beginning of March, the price is…

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Q: Bill saved 42,000 in an account with an annual interest of 5%.  The amount of money in the account…

A: Given Principle is 42000 Interest pa 5% Compondes quarterly. Final amount is 62000

Q: Money deposited in a fund triples every 8 years. If the bank compounds the interest continuously,…

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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.