Solve the problem.Find the annual percentage yield if the interest rate is 7.0% and interest is compounded quarterly.
A. 7.44%
B. 7.19%
C. 7.69%
D. 6.94%
Answer: B
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Solve the equation symbolically. = 4
A. 54 B. -4 C. 74 D. -74
Solve the problem.The annual precipitation for one city is normally distributed with a mean of 293 inches and a standard deviation of 3.1 inches. Fill in the blanks.In 95% of years, precipitation in this city is between and
inches.
A. 293, 299.2 B. 283.7, 293 C. 283.7, 302.3 D. 286.8, 299.2
Solve the problem.A job pays a salary of 29,000 the first year. During the next 9 years, the salary increases by 5% each year. What is the salary for the 10th year? What is the total salary over the 10-year period? (Round to the nearest cent.)
A. $47,237.94; $411,996.83 B. $44,988.52; $319,770.37 C. $47,237.94; $319,790.37 D. $44,988.52; $364,758.88
Solve the problem. Write the answer in scientific notation.A computer can do one calculation in 1.4 × 10-7 seconds. How long would it take the computer to do a trillion (1012) calculations? Round to one decimal place.
A. 1.4 × 10-7 sec B. 1.4 × 106 sec C. 1.4 × 1012 sec D. 1.4 × 105 sec