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Cloud [144]
3 years ago
15

Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the function t

hat best represents Samantha's account and how much does she have in savings after 5 years? Round your answer to the nearest dollar. Hint: Use the formula, f(x) = P(1 r)x.
Mathematics
1 answer:
Licemer1 [7]3 years ago
5 0
I use a bit of a different looking formula.

A(t)=P(1+r/n)^nt

P=amount of money. (500)
r= rate (in decimal. 4%=0.04)
n=number of times per year (1 in this problem)
t=amount of time. (5 years)

Plugged in it looks like this:

A(t)=500 (1+ 0.04/1)^1x5

Then I put it into my calculator like this:

0.04/1+ 0.04

Then add one to the above answer:

0.04+1=1.04

Then raise the above answer to the 1x5:

1.04^5=1.2166......

Then multiply the above answer by 500:

1.2166.... x 500=608.3264512

She has $608 after 5 years.

Hope this helps, let me know if you have any questions.
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Alexander is a stockbroker. He earns 14% commission each week. Last week, he sold $6,400 worth of stocks. How much did he make l
erastova [34]

Answer:

In that one week, his commision was $896, over all 52 weeks, he made $46592

Step-by-step explanation:

Need help calculating that? Let me help you. Grab a calculator!

So, he makes 14% commision on any stock he sells. This week, he sold $6,400 worth of stocks, and, hes going to make 14% on it. So, take 6400 and divide that by 14%, and what do you get? $896! So, he made $896 that week. Now, say he made that amount EVERY WEEK. so, all you have to do is know how many weeks are in a year (52) and multiply that by 896, which gives you 46592.

Hope this helped, and brainliest would be amazing ❤️ please let me know if you need anymore help. im happy to help.

4 0
3 years ago
01.05 what is the slope intercept form equation of the line that's passing through (1,3) and (3,7)
Butoxors [25]

Hello!

To find the slope-intercept form equation of the line that passes through the two points is found by first, calculating the slope using the slope formula and substitution, and secondly, finding the y-intercept of the equation through substitution.

Remember, slope-intercept form is written as: y = mx + b, where m is the slope and b is the y-intercept.

1. Find the slope

The slope formula is: \frac{y_{2}-y_{1}}{x_{2}-x_{1}}. To use this formula, you need two points and also, you need to assign these points to x_{1}, x_{2}, y_{1}, and y_{2}.

In this case, x_{1} and x_{1} is assigned to the ordered pair (1,3), while x_{2} and y_{2} is assigned to (3, 7). After assigning these points, you can substitute the pairs into the formula and simplify.

\frac{7-3}{3-1} =\frac{4}{2} = 2

The slope of these two points is 2.

2. Find the y-intercept

To find the y-intercept, you substitute an ordered pair into the slope-intercept equation with the slope that was just calculated. We can use either ordered pair because it will result in the same y-intercept.

y = 2x + b (substitute)

3 = 2(1) + b (simplify)

3 = 2 + b (subtract 2 from both sides)

1 = b

The y-intercept of the two points is (0, 1).

With the necessary values to complete the equation, we can write the final equation.

The slope-intercept form equation of the line that passes through the points (1, 3) and (3, 7) is y = 2x + 1.

7 0
3 years ago
Suppose we have a population whose proportion of items with the desired attribute is p = 0:5. (a) If a sample of size 200 is tak
crimeas [40]

Answer:

a. If a sample of size 200 is taken, the probability that the proportion of successes in the sample will be between 0.47 and 0.51 is 41.26%.

b. If a sample of size 100 is taken, the probability that the proportion of successes in the sample will be between 0.47 and 0.51 is 30.5%.

Step-by-step explanation:

This problem should be solved with a binomial distribution sample, but as the size of the sample is large, it can be approximated to a normal distribution.

The parameters for the normal distribution will be

\mu=p=0.5\\\\\sigma=\sqrt{p(1-p)/n} =\sqrt{0.5*0.5/200}= 0.0353

We can calculate the z values for x1=0.47 and x2=0.51:

z_1=\frac{x_1-\mu}{\sigma}=\frac{0.47-0.5}{0.0353}=-0.85\\\\z_2=\frac{x_2-\mu}{\sigma}=\frac{0.51-0.5}{0.0353}=0.28

We can now calculate the probabilities:

P(0.47

If a sample of size 200 is taken, the probability that the proportion of successes in the sample will be between 0.47 and 0.51 is 41.26%.

b) If the sample size change, the standard deviation of the normal distribution changes:

\mu=p=0.5\\\\\sigma=\sqrt{p(1-p)/n} =\sqrt{0.5*0.5/100}= 0.05

We can calculate the z values for x1=0.47 and x2=0.51:

z_1=\frac{x_1-\mu}{\sigma}=\frac{0.47-0.5}{0.05}=-0.6\\\\z_2=\frac{x_2-\mu}{\sigma}=\frac{0.51-0.5}{0.05}=0.2

We can now calculate the probabilities:

P(0.47

If a sample of size 100 is taken, the probability that the proportion of successes in the sample will be between 0.47 and 0.51 is 30.5%.

8 0
3 years ago
A line passes through the points (−1, −2) and (−2, −6) .
Strike441 [17]
To complete this equation, it is vital to know the slope. To find the slope using points, you subtract the first x from the second, and the first y from the second. This gives you a slope of 4. Then, you must follow point-slope form and choose one of the order pairs to use. You then write y then the negative of your number. Since the number is already negative, you turn it into a positive. On the other side of the "=" sign, you write your slope, 4 distributing to x. Then you write the negative of your x value. Since it is already negative, it turns into a positive. This gives you a final answer of y+1=4(x+2). I realize that this doesn't line up with your fill-in-the-blank answer, so I am sorry if it doesn't work.
7 0
3 years ago
How do you write 25/45 as a ratio
Gwar [14]
It is 5:9 in simplest form 
3 0
3 years ago
Read 2 more answers
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