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8_murik_8 [283]
2 years ago
6

You invest $2,000 in an account that has an annual interest rate of 3.2%, compounded annually. How much money will be in the acc

ount after 12 years? Round your answer to the nearest whole number.
Mathematics
1 answer:
MissTica2 years ago
3 0
P = 2000 is the amount invested
r = 0.032 is the decimal form of 3.2%, which is the interest rate
n = 1 indicates we compound 1 time a year (compound annually)
t = 12 is the number of years

Those four values are plugged into the formula below
A = P*(1+r/n)^(n*t)
A = 2000*(1+0.032/1)^(1*12)
A = 2918.6792
A = 2919

Rounded to the nearest whole dollar, you'll have about $2919 in the account
You might be interested in
Which ordered pair is the best estimate for the solution of the system of equations? y=−2/5x−2y=5x+1
lutik1710 [3]

Option a: (-0.5,-1.75) is the solution to the system of equations.

Explanation:

The equations are y=-\frac{2}{5} x-2 and y=5 x+1

Equating these two equations, we have,

-\frac{2}{5} x-2=5 x+1

Taking LCM and multiplying both sides by 5, we get,

-2 x-10=25 x+5

Simplifying , we get,

\begin{aligned}-10-5 &=25 x+2 \\-15 &=27 x \\-\frac{15}{27} &=x \\-\frac{5}{9}  &=x\end{aligned}

Substituting the value of x in y=5 x+1, we get,

\begin{aligned}&y=5\left(-\frac{5}{9}\right)+1\\&y=-\frac{25}{9}+1\\&y=-\frac{16}{9}\end{aligned}

Thus, the solution is \left(-\frac{5}{9},-\frac{16}{9}\right)

Changing the solution from fraction to decimal, we get, (-0.556,-1.778)

Thus, the solution is (-0.5,-1.75)

Hence, option a is the correct answer.

4 0
2 years ago
NASA is conducting an experiment to find out the fraction of people who black out at G forces greater than 6.Suppose a sample of
olganol [36]

Answer:

The 85% confidence interval would be given by (0.261;0.319)

Step-by-step explanation:

Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".  

The margin of error is the range of values below and above the sample statistic in a confidence interval.  

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".  

The population proportion have the following distribution

p \sim N(p,\sqrt{\frac{p(1-p)}{n}})

Data given

X=150 number of people who pass

n=518 random sample taken

\hat p=\frac{150}{518}=0.290 estimated proportion of people who black put at G forces greater then 6

p true population proportion of people who black put at G forces greater then 6

Solution to the problem

In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 85% of confidence, our significance level would be given by \alpha=1-0.85=0.15 and \alpha/2 =0.075. And the critical value would be given by:

z_{\alpha/2}=-1.440, z_{1-\alpha/2}=1.440

The confidence interval for the mean is given by the following formula:  

\hat p \pm z_{\alpha/2}\sqrt{\frac{\hat p (1-\hat p)}{n}}

If we replace the values obtained we got:

0.290 - 1.440\sqrt{\frac{0.290(1-0.290)}{518}}=0.261

0.290 + 1.440\sqrt{\frac{0.290(1-0.290)}{518}}=0.319

The 85% confidence interval would be given by (0.261;0.319)

3 0
2 years ago
What are a , b , c , d and e ?
BabaBlast [244]

a. m<5=40° (Given)

b. m<2=140° (Given)

c. <5 and <2 are supplementary angles

Because they add 180°: <5+<2=40°+140°=180°

d. <5 and <2 are same-side interior angles

You can see it in the graph

e. a // b

Because they are same-side interior angles and they are supplementary angles, the lines a and b must me parallels.

6 0
3 years ago
The book store earned x dollars in profit. Last week, the total profit
timofeeve [1]

Answer:

x + 0.05x

Step-by-step explanation:

Given

Earnings earned by the bookstore = x

percentage increase = 5%

Increment = 5% of x

Increment = 0.05x

book store's total  increase in profit = Original earning + increment

book store's total  increase in profit x + 0.05x

Hence the expression that represents the book store's total  increase in profit is x + 0.05x

7 0
2 years ago
Determine the intercepts of the line.
shepuryov [24]
The y-intercept is 3
Slope is -7
A point in this graph would be (-1,-4)
4 0
3 years ago
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