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Statistics 18 Online
OpenStudy (anonymous):

PLZ HELP!! there's 2 parts.

OpenStudy (anonymous):

OpenStudy (anonymous):

\[13000=P(1+\frac{ 0,06 }{ 2 })^{10}\]

OpenStudy (anonymous):

\[P=13000(1+\frac{ 0,06 }{ 2 })^{-10}\]

OpenStudy (anonymous):

Ok now part b.

hero (hero):

\[13000=P\left(1+\frac{ 0.06 }{ 2 }\right)^{10}\]

hero (hero):

Solve for P

OpenStudy (anonymous):

didn't i just do that?

hero (hero):

Yes, you did, sorry

OpenStudy (anonymous):

lol it's ok

hero (hero):

But you should already know how to do it at this point. Just replace the 5 with 10 and re-calculate

hero (hero):

\[13000=P\left(1+\frac{ 0.06 }{ 2 }\right)^{20}\]

hero (hero):

You should get that. Now solve for P again

OpenStudy (anonymous):

i got 719.78 & it's saying i'm wrong.

hero (hero):

That's because you calculated the wrong amount

hero (hero):

You probably entered something into your calc wrong. Try again .

hero (hero):

You should verify things with me first before entering your answer. Most users verify with the person helping them before submitting their answer. It is imperative that you do that since you are doing online work.

OpenStudy (anonymous):

yep i'm a dumb dumb. i got 7197.78 this time

OpenStudy (anonymous):

THX!! lol

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