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Tems11 [23]
1 year ago
11

Claudia invested $12,000 at an interest rate of 4.5% compounded monthly. In the formula A=p(1+r/n)^nt, A is the worth of an acco

unt after t years, n is the number of times that interest is compounded, P is the initial deposit, and r is the interest rate.Approximately how much money will be in Claudia’s account after 7 years?
Mathematics
1 answer:
aleksandrvk [35]1 year ago
6 0

Answer: $16,433.42

Step-by-step explanation:

Hi, to answer this question we have to apply the formula given:

A=p (1+r/n)^nt,

  • r must be in decimal form (percentage divided by 100)
  • n is equal to 12 ( it compounds 12 times per year)

Replacing with the values given:

A = 12,000 (1+ 0.045/12) ^12(7)

Solving:

A = 12,000 (1+ 0.045/12) ^12(7)

A= 12,000 (1.00375) ^84

A = $16,433.42

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A new curing process developed for a certain type of cement results in a mean compressive strength of 5000 kilograms per square
Sedbober [7]

Answer:

\alpha =0.0668

Step-by-step explanation:

Data given and notation  

The info given by the problem is:

n=25 the random sample taken

\mu =5000 represent the population mean

\sigma =100 represent the population standard deviation

The critical region on this case is \bar X so then if the value of \bar X \geq 4970 we fail to reject the null hypothesis. In other case we reject the null hypothesis

Null and alternative hypotheses to be tested  

We need to conduct a hypothesis in order to determine if the true mean is 5000, the system of hypothesis would be:  

Null hypothesis:\mu = 5000  

Alternative hypothesis:\mu \neq 5000  

Let's define the random variable X ="The compressive strength".

We know from the Central Limit Theorem that the distribution for the sample mean is given by:

\bar X \sim N(\mu , \frac{\sigma}{\sqrt{n}})

Find the probability of committing a type I error when H0 is true.

The definition for type of error I is reject the null hypothesis when actually is true, and is defined as \alpha the significance level.

So we can define \alpha like this:

\alpha= P(Error I)= P(\bar X

And in order to find this probability we can use the Z score given by this formula:

Z=\frac{\bar X -\mu}{\frac{\sigma}{\sqrt{n}}}

And the value for the probability of error I is givn by:

\alpha= P(\bar X

4 0
1 year ago
Solve for the equation -2y+y-3 = 6
pashok25 [27]

Answer: y = -9

Step-by-step explanation:

(-2y) + y - 3 = 6

(-y) - 3 = 6

-y = 9

y = -9

7 0
2 years ago
I need help please help me
Lostsunrise [7]

Answer:

which one do you need help on

6 0
2 years ago
Find the volume of a pyramid 5 yards tall if the base is a rectangle 15 feet by 6 feet.
BaLLatris [955]
V=lwh/3=5*15*6/3=160
3 0
2 years ago
Read 2 more answers
Wendy opens a bank account with money she has saved. After this initial deposit, Wendy then deposits the same amount of money ea
Bess [88]

If the table is:


x | y

------

1 | 76

------

2 | 92

---------

3 | 108

-----------

4 | 124



-------------------------------------------------------------------------------------------------------------------


Find the change inbetween each amount per week


92 - 76 = 16

108 - 92 = 16


etc.


This means that her initial deposit should be subtracting 16 from her first deposit.


76 is the amount first deposited


76 - 16 = 60


A) $60 should be your answer


hope this helps

8 0
2 years ago
Read 2 more answers
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