Solve the problem.Meike earned $1565 in tips while working a summer job at a coffee shop. She wants to use this money to take a trip to Europe next summer. If she places the money in an account which pays 6.5% compounded continuously, how much money will she have in nine months?
Fill in the blank(s) with the appropriate word(s).
$1643.18
You might also like to view...
Divide.
A. 271 R9 B. 271 R27 C. 27 D. 271
Determine whether or not the function is one-to-one.
A. No B. Yes
Solve the problem.How long will it take for prices in the economy to double at a 6% annual inflation rate? (Round to the nearest year.)
A. 12 yr B. 23 yr C. 10 yr D. 19 yr
Use Bayes' rule to find the indicated probability.Quality Motors has three plants. Plant 1 produces 35% of the car output, plant 2 produces 20% and plant 3 produces the remaining 45%. One percent of the output of plant 1 is defective, 1.8% of the output of plant 2 is defective and 2% of the output of plant 3 is defective. The annual total production of Quality Motors is 1,000,000 cars. A car chosen at random from the annual output and is found defection. What is the probability that it came from plant 2?
A. 0.35 B. 0.559 C. 0.224 D. 0.217