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Maru [420]
1 year ago
4

Samuel invests £45 500 in an account that pays 4.5% compound interest per annum for the five years, then 3.5% . Work out how muc

h money Samuel will have in his account in 13 years.
Mathematics
1 answer:
LUCKY_DIMON [66]1 year ago
8 0

Answer:

$74,664.76

Step-by-step explanation:

We are to determine the future value of  £45 500

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

Future value for the first 5 years =  £45 500 x (1 + 0.045)^5 = $56,701.28

Future value for the remaining 8 years = $56,701.28 x ( 1 + 0.035)^8 = $74,664.76

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The population of Smalltown in the year 1890 was 6,250. Since then, it has increased at a rate of 3.75% each year. • What was th
Vikki [24]

Answer:

  • year 1915 :   15,689
  • year 1940 :  39,381

t = 137.9 years

Step-by-step explanation:

Hi, to answer this question we have to apply an exponential growth function:

A = P (1 + r) t  

Where:

p = original population

r = growing rate (decimal form)

t= years

A = population after t years

Replacing with the values given:

A = 6,250 (1 + 3.75/100)^t

A = 6,250 (1 + 0.0375)^t

A = 6,250 (1.0375)^t

  • So, by the year 1915 :

1915-1890 = 25 years passed (t)

A = 6,250 (1.0375)^25

A = 15,689

  • by the year 1940 :

1940-1890 = 50 years passed (t)

A = 6,250 (1.0375)^50

A = 39,381

  • When will the population reach 1,000,000?. We have to subtitute A=1000000 and solve for t.

1,000,000= 6,250 (1.0375)^t

1,000,000/ 6,250 =(1.0375)^t

160 = 1.0375^t

log 160 = log 1.0375^t

log 160 = (t ) log 1.0375

log160 / log 1.0375= t

t = 137.9 years

8 0
2 years ago
Gina wants to save money for a holiday to bali at the end of the year. she estimates that if would cost her $2200 but she only h
inessss [21]
That's a funky problem... :/  I mean it would depend on how much she earns weekly. If she were working 40 hours each week and earning 10$ an hour then yes, she would have enough. Even is she were per say a student on a part time working 30 hours and earning 8$ per hour, she would still have enough.
6 0
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A sapling, or young tree, is planted in a garden. After 3 years, it is 180 cm tall. After 7 years, it is 368 cm tall. How tall w
cestrela7 [59]
548cm tall because if you add 180 to 368 it is 548.
3 0
2 years ago
Tom is 45 and pays $2042 on his mortgage each month while his total take home pay is $5950 per month. The national average for t
aniked [119]
More

First, you divide 2042/5950 which is about 0.4036, then you move the decimal 2 spaces to the right which is about 40.4, which means that 40% of Tom's income is his mortgage, higher than the average
4 0
2 years ago
Read 2 more answers
Determine if each of the following sets is a subspace of ℙn, for an appropriate value of n. Type "yes" or "no" for each answer.
xxMikexx [17]

Answer:

1. Yes.

2. No.

3. Yes.

Step-by-step explanation:

Consider the following subsets of Pn given by

1.Let W1 be the set of all polynomials of the form p(t)=at^2, where a is in ℝ.

2.Let W2 be the set of all polynomials of the form p(t)=t^2+a, where a is in ℝ.

3. Let W3 be the set of all polynomials of the form p(t)=at^2+at, where a is in ℝ.

Recall that given a vector space V, a subset W of V is a subspace if the following criteria hold:

- The 0 vector of V is in W.

- Given v,w in W then v+w is in W.

- Given v in W and a a real number, then av is in W.

So, for us to check if the three subsets are a subset of Pn, we must check the three criteria.

- First property:

Note that for W2, for any value of a, the polynomial we get is not the zero polynomial. Hence the first criteria is not met. Then, W2 is not a subspace of Pn.

For W1 and W3, note that if a= 0, then we have p(t) =0, so the zero polynomial is in W1 and W3.

- Second property:

W1. Consider two elements in W1, say, consider a,b different non-zero real numbers and consider the polynomials

p_1 (t) = at^2, p_2(t)=bt^2.

We must check that p_1+p_2(t) is in W1.

Note that

p_1(t)+p_2(t) = at^2+bt^2  = (a+b)t^2

Since a+b is another real number, we have that p1(t)+p2(t) is in W1.

W3. Consider two elements in W3. Say p_1(t) = a(t^2+t), p_2(t)= b(t^2+t). Then

p_1(t) + p_2(t) = a(t^2+t) + b(t^2+t) = (a+b) (t^2+t)

So, again, p1(t)+p2(t) is in W3.

- Third property.

W1. Consider an element in W1 p(t) = at^2and a real scalar b. Then

bp(t) = b(at^2) = (ba)t^2).

Since (ba) is another real scalar, we have that bp(t) is in W1.

W3. Consider an element in W3 p(t) = a(t^2+t)and a real scalar b. Then

bp(t) = b(a(t^2+t)) = (ba)(t^2+t).

Since (ba) is another real scalar, we have that bp(t) is in W3.

After all,

W1 and W3 are subspaces of Pn for n= 2

and W2 is not a subspace of Pn.  

6 0
2 years ago
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