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stira [4]
3 years ago
10

How much money, invested at an interest rate of r % per year compounded continuously, will amount to A dollars after t years? (R

ound your answer to the nearest cent.)
A = 300,000, r = 3.8, t = 18
Mathematics
1 answer:
Alex Ar [27]3 years ago
8 0

Answer: $151377.5 should be invested.

Step-by-step explanation:

The formula for continuously compounded interest is

A = P x e (r x t)

Where

A represents the future value of the investment after t years.

P represents the present value or initial amount invested

r represents the interest rate

t represents the time in years for which the investment was made.

e is the mathematical constant approximated as 2.7183.

From the information given,

A = $300000

r = 3.8% = 3.8/100 = 0.038

t = 18 years

Therefore,

300000 = P x 2.7183^(0.038 x 18)

300000 = P x 2.7183^(0.684)

300000 = 1.9818P

P = 300000/1.9818

P = $151377.5

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3 years ago
The line plot (shown in the attached image) shows the prices of sunglasses at a department store.
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a. The median is 70, the mode is 60, and the mean is 70.8.

b. Mean best captures the data.

c. When there are outliers, the mean might be a deceptive center measure.

Calculating the Mean, Median, and Mode

Mean: Total number of sunglasses / total quantity of pries

Mean = (20 + 20 + 50 + 50 + 50 + 60 + 60 + 60 + 60 + 60 + 60 + 70 + 70 + 70 + 80 + 80 + 80 + 80 + 90 + 90 + 90 + 90 + 100 + 100 + 130) / 25

Mean = 70.8

Median is equal to the (n/2 + 1)th term.

The number of sunglasses in this case is n.

(25/2 + 1)th term as the median

Median = 13th term

Median is 70

Mode is  the most frequent data

Therefore, mode = 70

Why is mean the most appropriate central measure ?

The mean is often the ideal measure of central tendency to use when your data distribution is continuous and symmetrical, such as when your data are normally distributed. So, mean here denotes the typical cost of the sunglasses.

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5 0
2 years ago
charity is four times as old as her daughter. she is also six years younger than her husband. The sum of their ages ten years to
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Answer:

36years

Step-by-step explanation:

Let charity present age be x

Charity daughter present age be y

Charity husband present age be z

If the sum of their ages ten years to come is 117, then;

10+x+10+y+10+z = 117

30+x+y+z = 117

x+y+z = 87 ... 1

If charity is four times as old as her daughter, then;

x = 4y

y = x/4 ... 2

If she is also six years younger than her husband, then;

x = z- 6

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Substitute 2 and 3 into 1;

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Multiply through by 4

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9x = 348 - 24

9x = 324

x = 324/9

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