Huan deposited $850 into a college savings account earning 4.8% interest compounded annually. He also deposited $850 into a second account earning 4.8% simple interest. He made no additional deposits. How much interest does the first account earn in 10 years?

$508.41

Step-by-step explanation:

Compound interest is calculated with the formula:

where P = Principal/ Initial amount = $850

R = Rate = 4.8% = 0.048

T = Time elapsed = 10 years

Hence, the compound interest is:

CI = $508.41

The interest after the first 10 years is $508.41

hello,

b) 62.47% of the students are between 14 and 18 years old.

step-by-step explanation:

mean = 15 and standard deviation = 2

student between 14 to 18

formula used z-score

for age 14 , z score

using z-table , p(z> -0.5)=0.3085

for age 18 , z score

using z-table , p(z< 1.5)=0.9332

p(-0.5< z< 1.5)=0.9332-0.3085 = 0.6247

thus, 62.47% of the students are between 14 and 18 years old.

click to let others know, how is it

0.0

0 votes

1

report

read more on -

step-by-step explanation:

a_n = a_1 + (n - 1)d

the first term is 6.

the common difference d = ?

when you find d, replace n with 7 and d with the common difference to find your answer.