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inessss [21]
1 year ago
10

Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300 as a principle amount, with a

n interest of 3% compounded quarterly. Brooklyn wants to deposit $300 as the principle amount, with an interest of 5% compounded monthly. Explain which method results in more money after 2 years. Show all work.
Mathematics
2 answers:
irina [24]1 year ago
8 0
For this we will use formula that is letting us to input: interest rate, starting funds, how often intereset rate is implemented, period we are observing. Formula looks like this:

M = S(1+ \frac{i}{cp})^cp*y

where M is money, S is starting funds, "i" is interest rate, cp is compounding period and y is number of years. now we express and calculated for both of them and get

M = 318,479 for Patricks investement.

M = 331,482 for Brooklyn.

Which means Brooklyn's method will pay of more.
Tanya [424]1 year ago
8 0
The equation is F=p(1+i/k)^kt 300(1+0.03/4)^4*2=318.48.. Your turn,,can you?
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1 year ago
What is the error due to using linear interpolation to estimate the value of sinxsin⁡x at x = \pi/3? your answer should have at
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<h3>Answer:</h3>
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<h3>Step-by-step explanation:</h3>

The actual value of sin(π/3) is (√3)/2 ≈ 0.86602540.

If the sine function is approximated by y=x (no error at x = 0), then the error at x=π/3 is ...

... x -sin(x) @ x=π/3

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___

If the sine function is approximated by y=(x+1-π/4)/√2 (no error at x=π/4), then the error at x=π/3 is ...

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6 0
2 years ago
The initial price of buzz stock is $20 per share. After 20 days the stock price is $30 per share and after 40 days the price is
Temka [501]

Answer:

s(t) = -\dfrac{t^2}{160}+\dfrac{5}{8}t+20

Step-by-step explanation:

given,

initial price of buzz stock = $ 20 per share

after 20 days

stock price = $30 per share

after 40 days

the price =  $35 per share

let say it is modeled by

y = ax² + b x + c

x = number of days

y = stock price

x = 0 y = 20

20 = a x 0 + b x 0 + c

c = 20

x = 20 y = 30

30 = 20² a + 20 b + 20

400 a + 20 b = 10...........(1)

x = 40 y = 35

35 = 40² a + 40 b + 20

1600 a + 40 b = 15...........(2)

solving equation (1)and (2)

a = - 1/160

b = 5/8

y = -\dfrac{x^2}{160}+\dfrac{5}{8}x+20

s(t) = -\dfrac{t^2}{160}+\dfrac{5}{8}t+20

hence , the above equation is multipart function

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