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spin [16.1K]
3 years ago
11

Connor borrows $8,000 at a rate of 19% interest per year. What is the amount due at the end of 7 years if the interest is compou

nded continuously

Mathematics
1 answer:
Mashutka [201]3 years ago
4 0

The formula for continuous compound interest is given by:

A=P e^(rt) ........... (shown in figure)

here P =$8000

r=0.19

t=7

Plugging the values in given formula we get :

A=8000(e^(0.19*7)

A=$30248.34710....

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A random sample has been taken from a normal distribution and the following confidence intervals constructed using the same data
LuckyWell [14K]

Answer:

(25.53, 37.87): 95% CI

(23.59, 39.81): 99% CI

Step-by-step explanation:

The margin of error of a confidence interval is given by:

M = z*\frac{\sigma}{\sqrt{n}}

In which \sigma is the standard deviation of the population and n is the size of the sample.

z is related to the confidence level. The higher the confidence level, the higher the values of z, and thus, we wider the confidence interval is.

In this question:

The narrower C.I. is the 95%, and the wider is the 99%. So

(25.53, 37.87): 95% CI

(23.59, 39.81): 99% CI

4 0
3 years ago
The tour cost $359 per person you pay have to pay a deposit of $78 in advance how much do you more do you need to pay
horrorfan [7]

Answer:

$437

Step-by-step explanation:

6 0
2 years ago
Plss can someone help me
GenaCL600 [577]
I got the answer isa D mate
8 0
3 years ago
Read 2 more answers
How do you turn 0.23 into a percent
Hitman42 [59]

Answer:

Step-by-step explanation:

you multiply it with 100

0.23 x 100 = 23%

5 0
3 years ago
Read 2 more answers
If a normal distribution has a mean of 104 and a standard deviation of 6, what
Mademuasel [1]
<h3>Answer:  2</h3>

======================================

Explanation:

The greek letters mu and sigma represent the population mean and population standard deviation respectively.

mu = 104

sigma = 6

x = 116 is the raw score we want to convert to a z score

z = z score

z = (x-mu)/(sigma)

z = (116-104)/(6)

z = 12/6

z = 2

The positive z score tells us the raw score is above the mean.

5 0
2 years ago
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