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Scilla [17]
3 years ago
8

what interest rate is needed to turn $2500 into $15,000 in 14 years if interest is compounded weekly?

Mathematics
1 answer:
Anastasy [175]3 years ago
7 0

Answer:

0.6845% per week.

Step-by-step explanation:

Simple Interest Calculation A = P(1 + rt)

Solving our equation:

r = (1/730.5)((15000/2500) - 1) = 0.00684463

r = 0.00684463

Converting r decimal to R a percentage

R = 0.00684463 * 100 = 0.6845%/week

Calculating the annual rate

0.6845%/week × 52 weeks/year = 35.594%/year.

The interest rate required to get a total amount, principal plus interest, of $15,000.00 from simple interest on a principal of $2,500.00 over 14.05 years (730.5 weeks) is 0.6845% per week.

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Volgvan
B- $3.00

19/1.14 = .06

.06 x 50 = $3.00
6 0
3 years ago
Read 2 more answers
Assume that a random sample of 4 Goldfinch birds are going to be used to test the above hypothesis. Compute the largest value of
Misha Larkins [42]

This question is incomplete, the complete question is;

Assume that body masses of Goldfinch birds follow a normal distribution, with a standard deviation equal to 0.04 oz. An ornithologist who would like to make some inference about the average body mass of the Goldfinch birds. In particular, at a significance level of 0.01, she would like to test the null hypothesis H₀: Average body mass of the Goldfinch birds is 0.5 oz, against the alternative claim that average body size is less than 0.5 oz.

      Assume that a random sample of 4 Goldfinch birds are going to be used to test the above hypothesis. Compute the largest value of the sample mean, that will allow the experimenter reject the null and prove the alternative at significance level 0.01. For this problem, make sure that your solution includes all steps of your computation. You will not earn points if you just use a formula

Answer: the largest value of the sample mean that will enable the experimenter to reject the null hypothesis is 0.4534 oz.

Step-by-step explanation:

Let us consider testing a hypothesis about a population mean with population standard deviation that is known,

Let the average body mass of the Goldfinch bird be μ^μ

Now our hypotheses are will be;

H₀ : μ = 0.5    and

H₁ : μ < 0.5

For the test, we shall use the z statistic which will be

z = (x"-μ)/(σ/√n)

Now given that;

σ = 0.04 and n = 4  

sample mean x" = ?

Now in order to be able to reject the null hypothesis, the p-value should be ≤ α = 0.01.

so to find the largest value of sample mean, we will use the maximum of p-value that is 0.01.

For a p-value = 0.01 at the lower tail (which is the percentile for z),

the corresponding z will be -2.33

so we substitute our values into our formula

z = (x"-μ)/(σ/√n)

z(σ/√n) = (x"-μ)

-2.33(0.04/√n) = (x"-0.5)

-0.0466 = x" - 0.5

x" = 0.5 - 0.0466

x"= 0.4534

therefore the largest value of the sample mean that will enable the experimenter to reject the null hypothesis is 0.4534 oz.

4 0
3 years ago
What do the Roman Numerals CLXXV111 represent
fomenos
178.

If number CLXXVIII is within to text or sentence it should be read in its equivalent in arabic numbers, in this case 178.

:)

 
3 0
3 years ago
On the first day of a road trip, Roberto traveled 213 miles from home. On the second day, he drove 149 miles farther. How many m
jek_recluse [69]

The answer would be 362 miles

add the number of miles from day one and day two

4 0
3 years ago
-114=-5x-2(4x+18)<br> ????????
SVETLANKA909090 [29]

Primeiro multiplica o -2 com tudo que tem dentro do parenteses (chuveirinho)  -114 = -5x -2(4x+18)

-2 . 4x = -8x        +     -2 . 18 = -36        =   -8x-36


Agora soma os números com incógnitas (no caso x)

-114 = - 5x - 8x -36    


Joga a incógnita do outro, tornando positiva

-114 = -13x - 36            

13x -114 = -36


e o 114 do outro lado, ficando positiva também  

13x -114 = -36

13x  = - 36 + 114

13x = 78

x = 78 /13

x= 6


ESPERO TER AJUDADO :)


8 0
3 years ago
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