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musickatia [10]
3 years ago
15

An Individual Retirement Account​ (IRA) has ​$17 comma 000in​ it, and the owner decides not to add any more money to the account

other than interest earned at 4​%compounded daily. How much will be in the account 30years from now when the owner reaches retirement​ age?
Mathematics
1 answer:
Umnica [9.8K]3 years ago
6 0

Answer: The owner reaches at Rs. 56438.28 after 30 years.

Step-by-step explanation:

Since we have given that

Sum = Rs. 17000

Rate of compounded daily = 4%

Number of years = 30 years

So, Using "compound interest formula" we get that :

A=P(1+\dfrac{r}{n})^{nt}\\\\A=17000(1+\dfrac{0.04}{365})^{365\times 30}\\\\A=17000(1.000109589)^{10950}\\\\A=56438.28

Hence, The owner reaches at Rs. 56438.28 after 30 years.

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solniwko [45]

Answer:

B) Method 2 will increase the standard deviation of the students' scores.

Step-by-step explanation:

Given that an instructor in a college class recently gave an exam that was worth a total of 100 points.

The average score for his students was 43 and the standard deviation of the scores was 5 points.

And now he is considering two different strategies for rescaling the exam results of which:

Method 1 = Add 17 points to everyone's score.

Method 2 = Multiply everyone's score by 1.7 .

And we have to check what will be the impact of these methods on the standard deviation of the students' scores.

For this let us consider a simple example to understand this:

Firstly, Formula for calculating Standard Deviation =  \sqrt{\frac{\sum (X-Xbar)^{2}}{n-1}}

Suppose,

     X             X - Xbar       (X - Xbar)^{2}

     3              3 - 6 = -3         -3 * -3 = 9

     5              5 - 6 = -1          -1 * -1 = 1

     10            10 - 6 = 4          4 * 4 = 16

<em>Mean of above data, Xbar</em> = \frac{3+ 5+10}{3} = 6

<em>Standard Deviation of data </em>= \sqrt{\frac{26}{3-1} } = 3.6055

Now let us suppose that we multiply each value of above data with 2 so the new data will be:

     X                X - Xbar           (X - Xbar)^{2}

 3*2 = 6        6 - 12 = -6         -6 * -6 = 36

 5*2 = 10       10 - 12 = -2       -2 * -2 = 4

10*2 =20      20 - 12 = 8         8 * 8 = 64

<em>Mean of new data, Xbar </em>= \frac{6+ 10+20}{3} = 12

<em>Standard Deviation of new data</em> = \sqrt{\frac{104}{3-1} } = 7.2111

<em>Hence, we see that when we multiply any value to the data the standard deviation will increase and in other words it will multiplied by that value which value we multiplied with each data value i.e. when we multiply each data value with 2 the standard deviation also get multiplied by as </em>

  3.6055 * 2 = 7.2111

Therefore option B is correct that Method 2 will increase the standard deviation of the students' scores.

<em>And on the other hand Similarly by adding any constant to the data the Standard Deviation will remain same. Therefore Method 1 will have no impact on standard deviation of the students' scores.</em>

8 0
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Great tennis players use Hexrackets. There if you use a Hexracket, you are a great tennis nyer.
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Answer:

The conclusion is invalid.

The required diagram is shown below:

Step-by-step explanation:

Consider the provided statement.

Great tennis players use Hexrackets. Therefore, if you use a Hexracket, you are a great tennis player.

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