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brilliants [131]
2 years ago
12

How much money would a person have 8 years after they invested $2,000 into an account that has an annual interest rate of 3% tha

t compounds every other month?
Mathematics
1 answer:
madam [21]2 years ago
4 0

The amount of money the person would have in 8 years s $2541.74.

<h3>How much would the person have in 8 years? </h3>

The formula for calculating future value is:

FV = P (1 + r)^nm]

Where:

FV = Future value
  • P = Present value = $2000
  • R = interest rate = 3% / 12 = 0.25%
  • m = number of compounding = 12
  • N = number of years = 8 years

Value of the account in 8 years with monthly compounding = $2000(1.0025)^(12 x 8) = $2541.74

To learn more about future value, please check: brainly.com/question/18760477

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Find the equation of the line. Use exact numbers. y=y=y, equals x+x+x, plus
Nuetrik [128]

The equation of a line that is passing through the points (0, 4) and (1, 6) will be y = 2x + 4.

<h3>What is the linear system?</h3>

A linear system is one in which the parameter in the equation has a degree of one. It might have one, two, or even more variables.

A coordinate plane. The x-axis and y-axis are each scaled by one.

A graph of a line goes through the points (0, 4) and (1, 6) will be

The equation of a line that is passing through the points (0, 4) and (1, 6) will be

y - 4 = [6 - 4 / 1 - 0] (x - 0)

y - 4 = 2x

    y = 2x + 4

The graph is given below.

More about the linear system link is given below.

brainly.com/question/20379472

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6 0
2 years ago
The circumference of a sphere was measured to be 76 cm with a possible error of 0.5 cm. (a) Use differentials to estimate the ma
andreev551 [17]

The maximum error in the calculated surface area is 24.19cm² and the relative error is 0.0132.

Given that the circumference of a sphere is 76cm and error is 0.5cm.

The formula of the surface area of a sphere is A=4πr².

Differentiate both sides with respect to r and get

dA÷dr=2×4πr

dA÷dr=8πr

dA=8πr×dr

The circumference of a sphere is C=2πr.

From above the find the value of r is

r=C÷(2π)

By using the error in circumference relation to error in radius by:

Differentiate both sides with respect to r as

dr÷dr=dC÷(2πdr)

1=dC÷(2πdr)

dr=dC÷(2π)

The maximum error in surface area is simplified as:

Substitute the value of dr in dA as

dA=8πr×(dC÷(2π))

Cancel π from both numerator and denominator and simplify it

dA=4rdC

Substitute the value of r=C÷(2π) in above and get

dA=4dC×(C÷2π)

dA=(2CdC)÷π

Here, C=76cm and dC=0.5cm.

Substitute this in above as

dA=(2×76×0.5)÷π

dA=76÷π

dA=24.19cm².

Find relative error as the relative error is between the value of the Area and the maximum error, therefore:

\begin{aligned}\frac{dA}{A}&=\frac{8\pi rdr}{4\pi r^2}\\ \frac{dA}{A}&=\frac{2dr}{r}\end

As above its found that r=C÷(2π) and r=dC÷(2π).

Substitute this in the above

\begin{aligned}\frac{dA}{A}&=\frac{\frac{2dC}{2\pi}}{\frac{C}{2\pi}}\\ &=\frac{2dC}{C}\\ &=\frac{2\times 0.5}{76}\\ &=0.0132\end

Hence, the maximum error in the calculated surface area with the circumference of a sphere was measured to be 76 cm with a possible error of 0.5 cm is 24.19cm² and the relative error is 0.0132.

Learn about relative error from here brainly.com/question/13106593

#SPJ4

3 0
2 years ago
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