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4 years ago

Jimmie invested $27,500 at 6.27% compounded continuously. What will Jimmie's account balance be in 50 years?

Mathematics

1 answer:

nika2105 [10]4 years ago

3 0

Answer:

$632,187.50

Step-by-step explanation:

hello,

compounding continuously means that we have to multiply by

$e^{0.0627*t}$

t is the number of years

so the account balance in 50 years is

$27,500e^{0.0627*50}=632,187.48565....\\$

so it gives

$632,187.50

hope this helps

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Complete Question

It is found that on average, 9% of the population recycles its garbage. Under this assumption, if a random sample of 120 households in Iowa City is taken, would you be surprised to find that fewer than 3% of households in the sample recycle their garbage? Use the fact that p-hat has an approximately normal distribution.

Group of answer choices

A I would not be surprised because there are lots of lazy students in Iowa City.

B I would not be surprised because 3% is not that far away from 9%.

C I would be surprised because Iowa City is a very clean community which means lots of people recycle their garbage.

D I would be surprised because if the 9% average is true, the chance of a sample proportion being less than 3% is very small (only 1%). Who cares? It's only garbage!

Answer:

The correct option is D

Step-by-step explanation:

From the question we are told that

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3 years ago

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Answer:

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4 years ago

Hello people ~

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Cone details:

height: h cm

radius: r cm

Sphere details:

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================

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===========================

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2 years ago

Read 2 more answers