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photoshop1234 [79]
3 years ago
6

Naomi deposited money into a savings account that is compounded quarterly at an interest rate of 6%. She thinks this quarterly r

ate is the same as a monthly interest rate of 1.25%. Is Naomi right? If so, explain why and show how you got your answer. Is Naomi incorrect? If so, explain the mistake in her reasoning, give the correct monthly interest rate, and show how you got your answer. Please help me!! It’s due today!! I’ll make you brainliest.
Mathematics
2 answers:
N76 [4]3 years ago
4 0

Answer:

She is not right.

Step-by-step explanation:

There are 3 months in a quarter  so we divide the 6% by 3 to get the monthly  value.

A quarter = 3 months so 6% quarterly = 6/3 = 2 % monthly.

Schach [20]3 years ago
4 0

Answer: Naomi is not right and the monthly interest rate that gives her the interest as 6% is 5.97%


Step-by-step explanation:

The formula to calculate the future value of compound interest is

A=p (1+r÷n)^tn

A future value?

P present value assume 100

R interest rate

N frequency of time like quarterly. .

T time assume 1 year


Let's try the interest of 6% quarterly (4)


A=100×(1+0.06÷4)^(1×4)=106.136


Now try the interest of 5.97% monthly (12)


A=100×(1+0.0597÷12)^(1×12)=106.136


Which gives her the same result as 6% quarterly interest rate.


Hope it helps!


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Answer:

☆ y=kx

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Hope it helps..

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4 0
3 years ago
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cupoosta [38]

Answer:

You should graph the lines (0, 0) to (2, 120), (2, 120) to (2.5, 120), and (2.5, 120) to (3.5, 150).

Step-by-step explanation:

If we see, for the first part, she drive 60 miles an hour and drives for 2 hours. This means that after 2 hours, she has driven 60 * 2 = 120 miles in 2 hours. Then she spends 30 minutes, or half an hour, no moving forward as she changes the tire. Finally, she drives at 30 miles an hour for an hour. This means she has driven 120 + 30 = 150 miles in total after 3 and a half hours.

Our first line goes from (0, 0) to (2, 120), as thats how far we drove in 2 hours. The next line goes from (2, 120) to (2.5, 120), as she was changing a tire and made no progress. Finally, the last line goes from (2.5, 120) to (3.5, 150), as she drives for another hour at 30 miles an hour.

4 0
3 years ago
Using the results from the table, predict the number of times a 3 would be rolled in 400 trials.
sasho [114]
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5 0
3 years ago
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Answer:

5: c=65  d=125  e=60

6: c= 58 d= 121 e=63

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8. a=61 b=55 c=64

Step-by-step explanation: :)

4 0
3 years ago
The sume of the reciprocals of two consecutive integers is 3/2. Find the two integers
hjlf

Answer:

1 and 2

Step-by-step explanation:

Let's say our first number is x. Our second number is the number after that, or x+1. A reciprocal of a number is 1/that number. Therefore, the reciprocal of x is 1/x and the reciprocal of x+1 is 1/(x+1). The question states the sum of the reciprocals of the two numbers is equal to 3/2. Therefore,

1/x + 1/(x+1) = 3/2

multiply both sides by 2 to remove a denominator

2/x + 2/(x+1) = 3

multiply both sides by x to remove a denominator

2 + (2*x)/(x+1) = 3x

multiply both sides by (x+1) to remove the other denominator

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expand

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combine like terms

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subtract (4x+2) from both sides to make everything equal to 0 and to form a quadratic

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The only integer solution possible is x=1

To confirm, 1/1 + 1/(1+1) = 3/2, so x=1 is correct, with 1+1=2 being the second integer

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