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4 years ago

Find the amount of interest on $1,500 invested for 20 days at 6.75%, compounded daily. $_____

Mathematics

1 answer:

LekaFEV [45]4 years ago

4 0

Answer:

The required amount of interest is $5538.

Step-by-step explanation:

Given : $1,500 invested for 20 days at 6.75%, compounded daily.

To find : The amount of interest ?

Solution :

Applying compound interest formula,

$A=P(1+r)^t$

Where, A is the amount

P is the principal P=$1500

r is the interest rate r=6.75%=0.0675 compounded daily

t is the time t=20 days

Substitute the value in the formula,

$A=P(1+r)^t$

$A=1500(1+0.0675)^{20}$

$A=1500(1.0675)^{20}$

$A=1500\times 3.69$

$A=\$5538$

Therefore, The required amount of interest is $5538.

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Answer: B. Do not reject H0, we cannot conclude the proportion of customer complaints is more for the old dough

Step-by-step explanation:

This is a test of 2 population proportions. Let 1 and 2 be the subscript for the old and the new dough players. The population proportions of customer complaints with the old and new dough would be p1 and p2

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The null hypothesis is

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The alternative hypothesis is

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it is a left tailed test

Sample proportion = x/n

Where

x represents number of success(number of complaints)

n represents number of samples

For old dough

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For new dough,

x2 = 16

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The pooled proportion, pc is

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pc = (6 + 16)/(385 + 340) = 0.03

1 - pc = 1 - 0.03 = 0.97

z = (Pm - Pw)/√pc(1 - pc)(1/nm + 1/nw)

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For a 95% confidence level, the significant level, alpha is

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