Find the amount of time. I=$237. 90, P=$1525, r=2. 6% Find the amount of time. __ Years

1 answer:

3 0

$~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill & \$237.90\\ P=\textit{original amount deposited}\dotfill & \$1525\\ r=rate\to 2.6\%\to \frac{2.6}{100}\dotfill &0.026\\ t=years \end{cases} \\\\\\ 237.90 = (1525)(0.026)(t)\implies \cfrac{237.90}{(1525)(0.026)}=t \implies 6=t$

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Exercise 7.3.5 The following is a Markov (migration) matrix for three locations        1 5 1 5 2 5 2 5 2 5 1 5 2 5 2 5 2

fredd [130]

Answer:

Both get the same results that is,

$\left[\begin{array}{ccc}140\\160\\200\end{array}\right]$

Step-by-step explanation:

Given :

$\bf M=\left[\begin{array}{ccc}\frac{1}{5}&\frac{1}{5}&\frac{2}{5}\\\frac{2}{5}&\frac{2}{5}&\frac{1}{5}\\\frac{2}{5}&\frac{2}{5}&\frac{2}{5}\end{array}\right]$

and initial population,

$\bf P=\left[\begin{array}{ccc}130\\300\\70\end{array}\right]$

a) - After two times, we will find in each position.

$P_2=[P].[M]^2=[P].[M].[M]$

$M^2=\left[\begin{array}{ccc}\frac{1}{5}&\frac{1}{5}&\frac{2}{5}\\\frac{2}{5}&\frac{2}{5}&\frac{1}{5}\\\frac{2}{5}&\frac{2}{5}&\frac{2}{5}\end{array}\right]\times \left[\begin{array}{ccc}\frac{1}{5}&\frac{1}{5}&\frac{2}{5}\\\frac{2}{5}&\frac{2}{5}&\frac{1}{5}\\\frac{2}{5}&\frac{2}{5}&\frac{2}{5}\end{array}\right]$

$=\frac{1}{25} \left[\begin{array}{ccc}7&7&7\\8&8&8\\10&10&10\end{array}\right]$

$\therefore\;\;\;\;\;\;\;\;\;\;\;P_2=\left[\begin{array}{ccc}7&7&7\\8&8&8\\10&10&10\end{array}\right] \times\left[\begin{array}{ccc}130\\300\\70\end{array}\right] = \left[\begin{array}{ccc}140\\160\\200\end{array}\right]$