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Agata [3.3K]
1 year ago
13

Fargus deposits $366 in a savings account at City BankThe account pays an annual interest rate of 5 percent She makes no other d

eposits or withdrawalsAfter three months the interest is calculated. How much simple interest does her money
Mathematics
1 answer:
ch4aika [34]1 year ago
6 0

The Simple interest after three month $423.70

What is Simple Interest ?

Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.

If she deposits $366 in the account and you receive interest, you must first calculate the interest for the current year before adding the sum to calculate the interest for the following month.

for instance, deposit plus interest equals the new amount for month one, month one amount plus interest equals amount for month two, and month two amount plus interest equals amount for month three.

The total would thus be $423.70 for the following month:

month 1

366+ (366*.05)=x

366+18.3=x

month 2

384.30+(384.30*.05)=x

384.30+19.22=x

month 3

403.52+(403.52*.05)=x

403.52+20.18=x

423.7 = x

Thus, total amount then would be $423.70

To know more about Simple Interest click on the link

brainly.com/question/25793394

#SPJ10

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Svet_ta [14]

Step-by-step explanation:

Hi,

I agree with what you did. You could also add y on both sides and get 3x = y + 5 and then divided by three to get...

x = 5 + y /3

(the 5 and y are being divided by 3)

But that's just complicated, it works, but it's complicated. What you did is correct and what I gave you is the value of x, but I'm 100 percent sure yours is correct.

Hope this helps

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The coordinates of point A are (6, 2). The coordinates of point B are (2, 6). AB¯¯¯¯¯is transformed to form ​A′B′¯¯¯¯¯¯¯​, shown
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3 years ago
In 2002, the mean age of an inmate on death row was 40.7 years with a standard deviation of 9.6 years according to the U.S. Depa
marissa [1.9K]

Answer:

The <em>95% confidence interval</em> for the current mean age of death-row inmates is between 42.23 years and 35.57 years.

Step-by-step explanation:

The <em>confidence interval</em> of the mean is given by the next formula:

\\ \overline{x} \pm z_{1-\frac{\alpha}{2}}\frac{\sigma}{\sqrt{n}} [1]

We already know (according to the U.S. Department of Justice):

  • The (population) standard deviation for this case (mean age of an inmate on death row) has a standard deviation of 9.6 years (\\ \sigma = 9.6years).
  • The number of observations for the sample taken is \\ n = 32.
  • The sample mean, \\ \overline{x} = 38.9 years.

For \\ z_{1-\frac{\alpha}{2}}, we have that \\ \alpha = 0.05. That is, the <em>level of significance</em> \\ \alpha is 1 - 0.95 = 0.05. In this case, then, we have that the <em>z-score</em> corresponding to this case is:

\\ z_{1-\frac{\alpha}{2}} = z_{1-\frac{0.05}{2}} = z_{1-0.025} = z_{0.975}

Consulting a cumulative <em>standard normal table</em>, available on the Internet or in Statistics books, to find the z-score associated to the probability of, \\ P(z, we have that \\ z = 1.96.

Notice that we supposed that the sample is from a population that follows a <em>normal distribution</em>. However, we also have a value for n > 30, and we already know that for this result the sampling distribution for the sample means follows, approximately, a normal distribution with mean, \\ \mu, and standard deviation, \\ \sigma_{\overline{x}} = \frac{\sigma}{\sqrt{n}}.

Having all this information, we can proceed to answer the question.

Constructing the 95% confidence interval for the current mean age of death-row inmates

To construct the 95% confidence interval, we already know that this interval is given by [1]:

\\ \overline{x} \pm z_{1-\frac{\alpha}{2}}\frac{\sigma}{\sqrt{n}}

That is, we have:

\\ \overline{x} = 38.9 years.

\\ z_{1-\frac{\alpha}{2}} = 1.96

\\ \sigma = 9.6 years.

\\ n = 32

Then

\\ 38.9 \pm 1.96*\frac{9.6}{\sqrt{32}}

\\ 38.9 \pm 1.96*\frac{9.6}{5.656854}

\\ 38.9 \pm 1.96*1.697056

\\ 38.9 \pm 3.326229

Therefore, the Upper and Lower limits of the interval are:

Upper limit:

\\ 38.9 + 3.326229

\\ 42.226229 \approx 42.23 years.

Lower limit:

\\ 38.9 - 3.326229

\\ 35.573771 \approx 35.57 years.

In sum, the 95% confidence interval for the current mean age of death-row inmates is between 42.23 years and 35.57 years.

Notice that the "mean age of an inmate on death row was 40.7 years in 2002", and this value is between the limits of the 95% confidence interval obtained. So, according to the random sample under study, it seems that this mean age has not changed.

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Answer:

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Step-by-step explanation:

I use the box method, which makes a 2x2 box. Then you arrange you numbers based on the equation (show in image)

Then you multiply it out and get the equation

F(x)= x^2+x-12x-12

Simplify your equation and you get

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Answer:

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Step-by-step explanation:

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