To determine the future value of an initial amount of $845 at an interest rate of 11.3% over 7 years, we will utilize the compound interest formula, which is expressed as:
A=p(1+r/100)^n
where:
A=future value
r=rate=11.3%=0.113
time=7 years
Hence, the future value of the capital will be:
A=845(1+0.113)^7
A=845(1.113)^7
A=$1,787.82
A deck contains 13 groups of 4 cards, indicating 13 unique ways to select four cards sharing the same face value. Any subsequent card drawn will necessarily represent a different face value. Consequently, the total combinations for selecting 5 cards—4 of which share the same face value and 1 diverging—amount to 13 x 48.
13 x 48 = 624.
The provided values are
$85 $240 $120 $60 $315 $190 $145 $105 $285 $260 $95 $215 $235 $175 $155
To start, we will arrange these in ascending order
resulting in
$60 $85 $95 $105 $120 $145 $155 $175 $190 $215 $235 $240 $260 $285 $315
The total count is 15
the position of 105 is 4
Now, we can calculate the percentile

Thus, the percentile for the bid of $105 is 26.667%...........Response