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dem82 [27]
1 year ago
5

Mario invested $6,000 in an account that pays 5% annual interest compounded annually. Using the formula A = P(1 + r)t, what is t

he approximate value of the account after 2.5 years?
a. $6,075
b. $6,118
c. $6,456
d. $6,778
Mathematics
1 answer:
jok3333 [9.3K]1 year ago
6 0
Given:
Principal = 6,000
interest rate = 5%
term = 2.5 years

A = P (1+r)^t
A = 6,000 (1 + 0.05)².⁵
A = 6,000 (1.05)².⁵
A = 6,000 (1.1297)
A = 6,778.20 Choice D.

You might be interested in
Using Normal Distribution to Analyze Data Martin suspects that people carry less cash with them than they used to because of cre
jek_recluse [69]

Answer:

Step-by-step explanation:

Sample size = 95

X=cash carried by the persons

x bar = 8.00

s = sample std dev = 2.50

Std error = \frac{s}{\sqrt{n} } =\frac{2.5}{\sqrt{95} } \\=0.2565

Hence Z score would be

\frac{x-8}{0.2565}

a) P(X

-0.00

b) P(9

c) 95% conf interval margin of error = ±1.96*0.2565

=±0.54782

Confi interval = (8-0.5027, 8+0.5027)

= (7.4923, 8.5027)

C)If conf level increases, then width of interval would increase since critical value would increase.

If sample size increases std error would decrease and hence margin of error.

So interval would decrease.

3 0
1 year ago
Let e1= 1 0 and e2= 0 1 ​, y1= 4 5 ​, and y2= −2 7 ​, and let​ T: ℝ2→ℝ2 be a linear transformation that maps e1 into y1 and maps
Furkat [3]

Answer:

The image of \left[\begin{array}{c}4&-4\end{array}\right] through T is \left[\begin{array}{c}24&-8\end{array}\right]

Step-by-step explanation:

We know that T: IR^{2}  → IR^{2} is a linear transformation that maps e_{1} into y_{1} ⇒

T(e_{1})=y_{1}

And also maps e_{2} into y_{2}  ⇒

T(e_{2})=y_{2}

We need to find the image of the vector \left[\begin{array}{c}4&-4\end{array}\right]

We know that exists a matrix A from IR^{2x2} (because of how T was defined) such that :

T(x)=Ax for all x ∈ IR^{2}

We can find the matrix A by applying T to a base of the domain (IR^{2}).

Notice that we have that data :

B_{IR^{2}}= {e_{1},e_{2}}

Being B_{IR^{2}} the cannonic base of IR^{2}

The following step is to put the images from the vectors of the base into the columns of the new matrix A :

T(\left[\begin{array}{c}1&0\end{array}\right])=\left[\begin{array}{c}4&5\end{array}\right]   (Data of the problem)

T(\left[\begin{array}{c}0&1\end{array}\right])=\left[\begin{array}{c}-2&7\end{array}\right]   (Data of the problem)

Writing the matrix A :

A=\left[\begin{array}{cc}4&-2\\5&7\\\end{array}\right]

Now with the matrix A we can find the image of \left[\begin{array}{c}4&-4\\\end{array}\right] such as :

T(x)=Ax ⇒

T(\left[\begin{array}{c}4&-4\end{array}\right])=\left[\begin{array}{cc}4&-2\\5&7\\\end{array}\right]\left[\begin{array}{c}4&-4\end{array}\right]=\left[\begin{array}{c}24&-8\end{array}\right]

We found out that the image of \left[\begin{array}{c}4&-4\end{array}\right] through T is the vector \left[\begin{array}{c}24&-8\end{array}\right]

3 0
1 year ago
Fertiliser is sold in 100kg bags labelled with the amount of nitrogen (N), phosphoric acid (P2O5), and potash (K2O) present. The
anzhelika [568]

Answer:

We need 5 bags of Vigoro Ultra Turf and 4 bags of Parkers Premium fertilizer.

Step-by-step explanation:

Let's first list the percentage compositions of each fertilizer type:

<u>Vigoro Ultra Turf:</u>

Nitrogen (N) = 29 kg

Phosphoric Acid (P2O5) = 3 kg

Potash (K2O) = 4 kg

<u>Parkers Premium</u>

Nitrogen (N) = 18 kg

Phosphoric Acid (P2O5) = 25 kg

Potash (K2O) = 6 kg

We can set up simultaneous equations to find out the amount of 100 kg bags of each fertilizer needed:

x = Vigoro Ultra turf (one bag)

y = Parkers Premium (one bag)

29x + 18y = 217   -Equation 1

3x + 25y = 115     -Equation 2

4x + 6y = 44        -Equation 3

Solving for x and y, we get:

x = 5

y = 4

This means we need 5 bags of Vigoro Ultra Turf and 4 bags of Parkers Premium fertilizer.

6 0
2 years ago
Your Mutual Fund was valued at $237,500. It has lost 6% per year for the last 3 years. What is its value today?
Makovka662 [10]

Answer:

The answer is C) $197,263.70

Step-by-step explanation:

It's losing 6% PER year for the last 3 year.

You can do what I did and take $237,500 and times it 0.06. Which should give you 14,250, that is how much is lost in year one.

So subtract 14,250 from 237,500, you should have $223,250 now.

Repeat the first step with $223,250 now, you times it by 0.06 again and you should get 13,395, you subtract that from $223,250.

You have $209,855 now, once again times that by 0.06 and you get 12,591.30. Subtract 12,591.30 from 209,855 and you should end up with $197,263.70

It's a long, simple method and I'm sure there is another method of solving this question, but this is an easy way to get the answer.

5 0
1 year ago
A California distributor of sporting equipment expects to sell 10,000 cases of tennis balls during the coming year at a steady r
sleet_krkn [62]

Economic Order Quantity

The economic order quantity, that is, the order quantity that minimizes the inventory cost is:

300 cases of tennis balls

Data and Calculations:

Sales of tennis balls for the coming year = 10,000 units

Carrying (holding) costs per case = $10

Cost of placing orders with the manufacturer = $45 per order

Economic Order Quantity (EOQ) = square root of (2 * Annual Demand/Sales * Ordering cost)/Carrying cost per case

= square root of (2 * 10,000 * $45)/$10

= square root of 90,000

= 300 tennis balls

This implies that the distributor will place about 33 orders in the coming year.  With each order, the quantity placed is 300 units.  This is the economic order quantity that will minimize its inventory cost for the year.

8 0
2 years ago
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