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fiasKO [112]
3 years ago
8

Tom opens a bank account and makes an initial deposit of $500. The banker tells Tom that he is going to revive an annual rate of

6% on his investment. Find the bank balance assuming Tom leaves the account untouched for 15 years.
Mathematics
2 answers:
daser333 [38]3 years ago
5 0

So for this you will be using an exponential equation, which is y=ab^x with a=initial value, b=growth/decay, y = total balance, and x = # of years


In this case, a = 500, and since with this problem the initial value is growing, you will add 100% to 6% to get 106%, or 1.06. The equation will be formed as such: y=500(1.06)^x


With this problem, just plug in 15 into x and solve for y: y=500(1.06)^{15}\\ y=1198.28


In short, after 15 years Tom will have $1198.28 in his account.

Vedmedyk [2.9K]3 years ago
5 0

Answer:

Tom will have $1,198.28 in 15 years

Step-by-step explanation:

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

A(15) = 500(1 + 0.06/1)^1(15)

A(15) = 500(1.06)^15

A(15) = 500(2.3965581931)

A(15) = 1198.27909655

A(15) = 1198.28

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So, we multiply -6 times both terms in the parenthesis, and sum the results:

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And so on with the other terms:

-4(y+5) = -4\cdot y + (-4)\cdot5 = -4y-20

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Now sum all the pieces together:

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4 years ago
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Maurinko [17]

Answer: a) 3 and -3 b) 4 and 2

c) 3.5 and 2.5 d) 5.5 and 0.5 e) This is due to the difference in the coefficient of (x-3)² and the value at the right side of each equation.

Step-by-step explanation:

a) 3x²-9 = 0

3x² = 0+9

3x² = 9

Dividing both sides by 3

x² = 9/3

x² = 3

x = √3

x = +3 and -3

b) (x-3)² = 1

Taking square root of both sides to remove the square,

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Dividing both sides by 4 we have;

(x-3)² = 1/4

Taking the square root of both sides to eliminate the square.

√(x-3)² = √1/4

x-3 = √1/4

x-3 = +1/2 and x-3 = -1/2

x = 1/2+3 and x = -1/2+3

x = 3.5 and 2.5

d) 2(x-3)² = 12

Dividing both sides by 2 we have;

(x-3)² = 12/2

Taking the square root of both sides to eliminate the square.

√(x-3)² = √12/2

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x = 2.5+3 and x = -2.5+3

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Answer:

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The variation in the sample means makes it possible to make predictions about the population mean.

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The actual population mean is greater than 245

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