Explain how deductive reasoning is used to prove an argument.

1 answer:

3 0

Deductive reasoning is what is proven and what you already know for sure. Example: there are 2 ants. There is 1 ant next to the 2. There are 3 ants total. (Rules of addition)

So you don't have to solve any problems to use deductive reasoning, unlike inductive reasoning, which is not proven
Example of inductive reasoning: there are lots of girls in my class. So there are probably lots of girls in the other classes too. You don't know that for sure.

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Jimmy invests $2500 in an account with a 5% interest rate, making no other deposits or withdrawals. What will Jimmy’s account ba

Alik [6]

Answer:

We conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.

Step-by-step explanation:

Given

Principle P = $2500

Interest rate r = 5% = 0.05

Time period t = 8 years

To determine

Accrue Amount A = ?

Using the compound interest equation

$A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}$

where:

A represents the Accrue Amount

P represents the Principal Amount

r represents the interest rate

t represents the time period in years

n represents the number of compounding periods per unit t

Important tip:

Given that the interest is compounded 6 times each year, therefore, the value of n = 6.

now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation

$A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}$

$A=2500\left(1+\frac{0.05}{6}\right)^{\left(6\right)\left(8\right)}$

$\:A=2500\left(1+\frac{0.05}{6}\right)^{48}$

$A=2500\times 1.48935$ ∵ $\left(1+\frac{0.05}{6}\right)^{48\:\:}=1.48935$

$A=\:3723.38$ $

Therefore, we conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.

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KengaRu [80]

Answer:

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Step-by-step explanation:

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