I need answer to this question

What is the effective interest rate on an account that earns 5.5% compounded monthly?

nataly862011 [7]

Answer:

.46%

Step-by-step explanation:

.055/12= .00458= .46%

4 0

2 years ago

Michelle had a $100. bill she wants to purchase paper pins ($20) and file covers ($20) and paper weights. each paper weight cost

slega [8]

Hi!

100/10 = 10

If Michelle only buys paper weights, she can buy 10 of them with $100

8 0

3 years ago

Read 2 more answers

Slope intercept of (1,1) and (0,7)

Sonja [21]

Answer:

$\boxed {m = -6}$

Step-by-step explanation:

Use the <u>Slope Formula</u> to help you determine the slope of the following two points:

$m = \frac{y_{2} - y_{1}}{x_{2} - x_{1}}$

(Where $(x_{1}, y_{1})$ is the first point and $(x_{2}, y_{2})$ is the second point)

-Apply both points onto that formula:

$(x_{1}, y_{1}) = (1, 1)$

$(x_{2}, y_{2}) = (0, 7)$

$m = \frac{7 - 1}{0 - 1}$

-Solve:

$m = \frac{7 - 1}{0 - 1}$

$m = \frac{6}{-1}$

$\boxed {m = -6}$

3 0

3 years ago

Every weekday after tennis practice, Will buys either a carton of milk or a bottle

Gemiola [76]

Answer:

The correct options are;

The cost of milk powder is $3 per bottle

An equivalent expression for the total cost of Will's beverages during this month is 60 - m dollars

Step-by-step explanation:

The given information are;

The items Will buys every weekday after tennis practice = A carton of milk or a bottle of powder drink

The number of milk purchased during the month = m

Will's total cost for beverages in dollars last month = 2·m + 3·(20 - m)

1) Therefore, given that the total amount is factored in dollars, we have;

2·m and 3·(20 - m) are dollar amounts, while, m is a quantity;

Therefore;

Where;

2·m = The total cost of the cartons of milk, then the factor 2 represents $2.00 which is the cost per carton of milk

Similarly, 3·(20 - m) can be said to represent the total cost of the powder drink then the factor 3 represents $3.00 which is the cost per powder drink and the factor (20 - m), represents the number of powder drink Will buys for the month

From which we found the cost of milk powder = $3.00 per bottle

2) The expression, 2·m + 3·(20 - m) simplifies to 2·m + 60 - 3·m, which gives;

2·m + 60 - 3·m = 60 - m which is an equivalent expression for the total cost of Will's beverages for the month.

8 0

3 years ago

The average summer temperature in Anchorage is 69°F. If the daily temperature is normally distributed with a standard deviation

mafiozo [28]

Answer:

81.85%

Step-by-step explanation:

Given :

The average summer temperature in Anchorage is 69°F.

The daily temperature is normally distributed with a standard deviation of 7°F .

To Find:What percentage of the time would the temperature be between 55°F and 76°F?

Solution:

Mean = $\mu = 69$

Standard deviation = $\sigma = 7$

Formula : $z=\frac{x-\mu}{\sigma}$

Now At x = 55

$z=\frac{55-69}{7}$

$z=-2$

At x = 76

$z=\frac{76-69}{7}$

$z=1$

Now to find P(55<z<76)

P(2<z<-1)=P(z<2)-P(z>-1)

Using z table :

P(2<z<-1)=P(z<2)-P(z>-1)=0.9772-0.1587=0.8185

Now percentage of the time would the temperature be between 55°F and 76°F = $0.8185 \times 100 = 81.85\%$

Hence If the daily temperature is normally distributed with a standard deviation of 7°F, 81.85% of the time would the temperature be between 55°F and 76°F.

7 0

3 years ago