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2 years ago

Aubree invested $4,400 in an account paying an interest rate of 2.4% compounded

Mathematics

2 answers:

Anuta_ua [19.1K]2 years ago

4 0

Answer:

We conclude that the time required to get a total amount of $6,880.00 from compound interest on a principal of $ 4,400.00 at an interest rate of 2.4% per year and compounded 4 times per year is 18 years and 8 months.

Step-by-step explanation:

We know the formula

$A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}$

where

A denotes the Accrued Amount (principal + interest)

P denotes the Principal Amount

r denoted the Annual Interest Rate

t denotes the Time Period in years

n denotes the number of compounding periods per unit t

Given

Total amount A = $6,880

Principle amount P = $4,400

Interest Rate r = 2.4% = 0.024 per year

Compounded quarterly = n = 4

Thus, the time period can be fetched using the simplified-derived equation suchs as:

t = ln(A/P) / n[ln(1 + r/n)]

substituting the values

t = ln(6,880.00/4,400.00) / ( 4 × [ln(1 + 0.006/4)] )

t = 18.8 years

Therefore, we conclude that the time required to get a total amount of $6,880.00 from compound interest on a principal of $ 4,400.00 at an interest rate of 2.4% per year and compounded 4 times per year is 18 years and 8 months.

Rzqust [24]2 years ago

4 0

Answer:

The answer is actually 18.7 -.-

Step-by-step explanation:

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Answer:

<h2>See the explanation.</h2>

Step-by-step explanation:

The initial length of the candle is 16 inch. It also given that, it burns with a constant rate of 0.8 inch per hour.

After one hour since the candle was lit, the length of the candle will be (16 - 0.8) = 15.2 inch.

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2 years ago

How many solutions are there to the system of equations?

hichkok12 [17]

Answer: The system of equations has NO SOLUTION.

Step-by-step explanation:

The equation of the line in Slope-Intercept form is:

$y=mx+b$

Where "m" is the slope and "b" is the y-intercept.

Given the following system of equations:

$\left \{ {{4x-5y=5} \atop {-0.08x+0.10y=0.10}} \right.$

Write the first equation and solve for "y" in order to express it in Slope-Intercept form:

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You can identify that:

$m=0.8\\b=-1$

Apply the same procedure with the second equation. Then:

$-0.08x+0.10y=0.10\\\\0.10y=0.08x+0.10\\\\y=\frac{0.08x}{0.10} +\frac{0.10}{0.10}\\\\y=0.8x+1$

You can identify that:

$m=0.8\\b=1$

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Answer:

y = √{(a - x)/2b}

Step-by-step explanation:

x=a-2by²

2by² = a - x

divide through by 2b

y² = (a - x)/2b

y = √{(a - x)/2b}

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2 years ago

Quadrilateral ABCD is translated 7 units down and 2 units to the right.

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A recent study found that 51 children who watched a commercial for Walker Crisps (potato chips) featuring a long-standing sports

hichkok12 [17]

Answer:

The claim is that the mean amount of Walker Crisps eaten was significantly higher for the children who watched the sports celebrity- endorsed Walker Crisps commercial

The kind of test to use is a t -test because a t -test is used to check if there is a difference between means of a population

$t = 3.054$

The p-value is $p-value = P(Z > 3.054) = 0.0011291$

The conclusion is

There is sufficient evidence to conclude that the mean amount of Walker Crisps eaten was significantly higher for the children who watched the sports celebrity- endorsed Walker Crisps commercial

The test statistics is

Step-by-step explanation:

From the question we are told that

The first sample size is $n_1 = 51$

The first sample mean is $\mu_1 = 36$

The second sample size is $n_2 = 41$

The second sample size is $\mu_2 = 25$

The first standard deviation is $\sigma _1 = 21.4 \ g$

The second standard deviation is $\sigma _2 = 12.8 \ g$

The level of significance is $\alpha = 0.05$

The null hypothesis is $H_o : \mu_1 = \mu_ 2$

The alternative hypothesis is $H_a : \mu_1 > \mu_2$

Generally the test statistics is mathematically represented as

$t = \frac{\= x_1 - \= x_2}{ \sqrt{ \frac{s_1^2}{n_1} + \frac{s_2^2}{n_2} } }$

=> $t = \frac{ 36 - 25}{ \sqrt{ \frac{ 21.4^2}{51} + \frac{ 12.8^2}{41} } }$

=> $t = 3.054$

The p-value is mathematically represented as

$p-value = P(Z > 3.054)$

Generally from the z table

$P(Z > 3.054) = 0.0011291$

=> $p-value = P(Z > 3.054) = 0.0011291$

From the values obtained we see that $p-value < \alpha$ so the null hypothesis is rejected

Thus the conclusion is

There is sufficient evidence to conclude that the mean amount of Walker Crisps eaten was significantly higher for the children who watched the sports celebrity- endorsed Walker Crisps commercial

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