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Response:
The result is $43623.50
Detailed explanation:
This query involves compound interest.
The formula for calculating compound interest is
A=P(1+r)^t
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
Provided information
P= $2,500
r= 10/100= 0.1
t= 30 years
Inserting values into the compound interest formula and calculating A gives us
A=2500(1+0.1)^30
A=2500(1.1)^30
A=2500*17.449
A=$43623.50
The total amount is $43623.50
The balance in her account comes from Jenna’s (A annuity payments)
Answer:
You need to purchase 3 shirts to be able to use your coupon.
Step-by-step explanation:
Each shirt originally costs $17.99.
There is a 20% discount on this specific brand of shirts.
$17.99 × 0.2 = $3.60 (discount per shirt)
Subtracting the discount from the original price:
$17.99 - $3.60 = $14.39 (price per shirt after discount)
To qualify for the $10 off coupon which requires a $40 minimum purchase:
$40 ÷ $14.39 ≈ 2.779, rounded up to 3 shirts
Therefore, you must buy 3 shirts.
3 shirts × $14.39 = $43.17, surpassing the $40 minimum needed to apply the $10 discount.
Answer:
Step-by-step explanation:
A survey of 8225 Americans included age data collection.
The mean age was recorded as 42, whereas the median was noted as 37.
This indicates median < mean.
When the mean exceeds the median, it suggests the presence of right skewness in the data.
In a symmetrical distribution, mean and median align. If there is a discrepancy, the distribution is skewed.
Consequently, with the mean > median, the data is skewed to the right.
