luisannavasquez6129
08.03.2020 •
Mathematics
If you were to invest only $1, how much simple interest would you have if the rate was 4.6%? Use the following years for each scenario:
30 years:
45 years:
65 years:
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Ответ:
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the investment.
P represents the principal or amount invested.
R represents interest rate
T represents the duration of the investment in years.
From the information given,
P = $1
R = 4.6%
1) When t = 30 years,
I = (1 × 4.6 × 30)/100 = $1.38
2) When t = 45 years,
I = (1 × 4.6 × 45)/100 = $2.07
3) When t = 65 years,
I = (1 × 4.6 × 65)/100 = $2.99
Ответ:
0.9349
Step-by-step explanation:
The table only has values for multiples of 5 years. Of 97,592 females alive at age 40, 91,234 are still alive at age 60. The probability of living those 20 years is ...
91234/97592 ≈ 0.9349