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ryzh [129]
2 years ago
14

Jeremy invests $8, 500 into an account with a 2.4% interest rate that is compounded quarterly. How much money will be in

Mathematics
1 answer:
sertanlavr [38]2 years ago
5 0

Answer:

  $9,812.29

Step-by-step explanation:

The amount in Jeremy's account can be computed using the compound interest formula.

__

<h3>account value</h3>

The formula for the value of an account earning compound interest at annual rate r, compounded n times per year for t years is ...

  A = P(1 +r/n)^(nt)

where P is the principal invested.

__

<h3>formula application</h3>

When P=$8500, r=0.024, n=4, t=6, the formula becomes ...

  A = $8500(1 +0.024/4)^(4·6) = $8500(1.006^24) ≈ $9812.29

There will be $9,812.29 in this account after 6 years.

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A newspaper article claimed: "the average cost of weekly groceries is $124.50." what statistical measurement are they most likel
Scilla [17]

The average cost of weekly groceries exists at $124.50." The statistical measurement exists they most probably claim exists mean.

<h3>What is mean?</h3>

The arithmetic mean of a given data exists as the totality of all observations divided by the number of observations.

For instance, a cricketer's scores in five ODI matches exist as follows:

12, 34, 45, 50, 24.

To estimate his average score in a match, we compute the arithmetic mean of data utilizing the mean formula:

Mean = Sum of all observations/Number of observations

Median

The value of the middlemost observation, acquired after organizing the data in ascending or descending order, exists named the median of the data.

For instance, consider the data: 4, 4, 6, 3, 2. Let's organize this data in ascending order: 2, 3, 4, 4, 6. There exist 5 observations.

Therefore, median = middle value i.e. 4.

Mode

The value which occurs most often in the provided data i.e. the observation with the highest frequency exists named a mode of data.

As per the circumstances we have given the average cost of groceries.

The mean exists also the average sum of data divided by the total number of data.

Therefore, the statistical measurement exists as the mean.

To learn more about mean refer to:

brainly.com/question/15323584

#SPJ4

3 0
1 year ago
Nate made 8 loaves of bread on Monday and 10 more on Tuesday. He gave an equal number to each of his 9 neighbors. How many loave
mars1129 [50]

Answer:

2

Step-by-step explanation:

8 + 10 = 18

18/9 = 2

8 0
3 years ago
Item 5 There are 20 balls in a bag. Ten of the balls are red, 4 are green, and the rest are yellow. Which ratio represents the n
OlgaM077 [116]

Answer:

3:5 <em>the colon is needed to represent the ratio</em>

Step-by-step explanation:

r = 10

g = 4

y = 30 - 14 = 6

y = 6

so ratio of total balls is 10:4:6

and ratio of y:r is

6:10

simply by dividing by 2

3:5

4 0
3 years ago
A water tank fills as shown in the graph below.
qaws [65]
I think the answer is 1/3 but i suck at slopes lol. Might wanna double check
8 0
3 years ago
Read 2 more answers
Serena makes $9 per hour cutting lawns. Each day, she earns about $15 in tips. If Serena made no less than $110 on Monday, which
Serhud [2]
The total amount Serena earns is the sum of her regular wage and the tips. The amount she earns from the wage is equal to 9h. This total should be more than or equal to $110. This is mathematically expressed as,
                                      9h + 15 ≥ 110
3 0
3 years ago
Read 2 more answers
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