After graduating from college, Herbert decided to join a new company. He agreed to a salary which will increase by 4.5% each year and he will earn $63,417 for his tenth year of work.

Q: Due to depreciation, the cost of a car decreases by 10.2% every year. How much is the estimated…

A: The solution is given below.

Q: A certain gulf club spent 4/11 of their yearly budget on a banquet party they threw. If they still…

A: We will find the solution in the following step

Q: If you spend $5.50 for a Starbucks coffee three times a week, how much are you spending annually?

A:

Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: How much was initially invested if the value of the investment is at P200,000

A:

Q: Jamie wants a new smart TV/sound system that cost $1,250. He doesn't have that much in cash to…

A: We need to find payment in interest over 4 years.

Q: If you want to earn 14% annual simple interest on an investment, how much should you pay for a note…

A: We Have Interest= Principal * rate * time(in years). Interest = 6200 Rate=14/100 and time= 6 months…

Q: Moira borrowed $8,700 from her grandfather to pay for her first year of college. Five years later,…

A:

Q: You put ​$200 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A:

Q: mrs.Jackson needs to earn $3,000 a month. how much does she need to sell if she earns 15% commission…

A: For the solution of the problem follow the next step.

Q: An antique vase was purchased in 2000 for $8000. If the vase appreciates in value by 5% per year,…

A:

Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: A distributor has a rate of markup of 30.00% on cost of its textbooks. If it sells each textbook for…

A:

Q: Michelle Payne deposited $12,000 in a savings account paying 6.25% simple interest. How long (in…

A: Let it will take t years to be a amount of $12,000 deposited in a accountunit 6.25%.Simple interest…

Q: How much will you have to pay for the TV in total?

A: 3.4 Given that, To buy a 76 inch plasma curve TV, Deposit = R 3,120 Monthly installment = R 712.48…

Q: a bank deposit paying simple interest grew from an initial sum of 1000.00 to 1075.00 in 9 months.…

A: given data  initial amount  = 1000 simple interest = 75 time                  = 9 months formula for…

Q: You promise your niece that you will give her $1 on her first birthday and double that amount every…

A:

Q: mrs smith earns $2,400 per month and saves $600. what percent of her monthly income does she save

A:

Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: Solve the following problem using 6.2%, up to $38,700, for social security tax and 1.45%, no wage…

Q: You inherited a house worth $650,000 today. If the value increases by 4% each year, what would the…

A: given: we inherited a house worth $650,000 today. If the value increases by 4% each year, we have to…

Q: Each month, Carl’s student loan and credit card payments are $800. Carl’s monthly take-home pay is…

A:

Q: Alan borrowed $30,000 from Janet due in five years at 10% monthly. Two years after the debt is…

A: Present value = future value/(1+r/m)^(m*n) Given  Future value =$30000 r=10%  n=5 years m=12

Q: Carolyn borrowed $38,500 to pay for college. If the interest rate is 3.2%, how much total will she…

A: A = P(1+r/100)n P = Principle A = amount r = interest rate n = number of years

Q: Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

A: Given Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

Q: Isabella purchased $20,000 worth of 13-week T-Bills for $19,525. What will be the rate of return on…

A:

Q: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…

A: We have to solve the given question.

Q: Francisco borrows $870 from his parents and agrees to pay them back the same amount each month…

A:

Q: If there is 54% increase on a $54 item, then how much is the new cost for next year? Round to the…

A: Solution is given below:

Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: Lee Sutherlin's net earnings is $38,100. For a self employed person social security tax and the…

Q: Archie Buchanon has a $28,000 boat that loses 12.5% of its value yearly.  How much is his boat worth…

A:

Q: Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. How much…

A:

Q: A bond was purchased on January 1, 2016 for $750. If its value increases by 8.2 % every year, how…

A:

Q: Sierra plans to retire at age 63, and estimates that $69,600 a year in retirement for 22 years will…

A:

Q: Your paycheck each week is $500.00. If you want to save $2000.00 in one year, how much should you…

A:

Q: Adriel just got hired for a new job and will make $65, 000 in his first year. Adriel was told that…

A:

Q: A friend lends you $490, which you agree to repay with 7% interest. How much will you have to repay?…

A: Solution

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A:

Q: A distributor has a rate of markup of 35.00% on cost of its textbooks. If it sells each textbook for…

A:

Q: A family has an annual income of $33, 000. How much is their monthly income? Their monthly income is…

A: A family has an annual income of $33,000. How much is their monthly income?

Q: Jacob invests $14,000 in an account that compounds interest quarterly and earns 4%. How long will it…

A:

Q: While buying a new car, David made a d payment of $1,100 and agreed to make end payments of $230 for…

A: Given- Down payment = $1,100 End payments of $230 for the next 4 years and 4 months. Interest rate…

Q: You put ​$350 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A: let   P = $350 the principal invested r = 0.045 or 4.5% annual interest rate   t = 21 years

Q: If you borrow 1800 dollars from a lending agent for 65 weeks and in the end you have to pay 270…

A:

Q: At age 24, Brandie decides to put $150 a month into an account that has a 6% APR until she retires…

A:

Q: How much money does John have to reinvest from his father‘s account.

A: The formula for simple interest is A=P(1+rt). Here A is the amount obtained after the deposit of P…

Q: Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will…

A:

Q: On January 1, 2009, Jayla owed $6,073 to her friend Stacey, who was kind enough not to charge Jayla…

A:

Q: Suppose Sam makes $75,000 a year while Willie makes $6,500 per month.  Who makes more money per…

A:

Q: Margo borrows $1100, agreeing to pay it back with 3% annual interest after 16 months. How much…

A:

Q: You borrow $4,000 for one year from a friend at an interest rate of 1.5% per month instead of taking…

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.