1,114,040 in word form
1 answer:
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Answer:
The compounded annually account will earn more interest over 10 years
Step-by-step explanation:
The rule of the simple interest is I = Prt, where
- P is the original value
- r is the rate in decimal
- t is the time
The rule of the compounded interest is A = P, where
- A is the new value
- P is the original value
- r is the rate in decimal
- n is the number of periods
- t is the time
The interest I = A - P
∵ Each account start with $200
∴ P = 200
∵ They have an interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ One account earns simple interest and the other is compounded
annually
∴ n = 1 ⇒ compounded annually
∵ The time is 10 years
∴ t = 10
→ Substitute these values in the two rules above
∵ I = 200(0.05)(10)
∴ I = 100
∴ The simple interest = $100
∵ I = A - P
∵ A = 200
∴ A = 325.7789254
∵ I = 325.7789254 - 200
∴ I = 125.7789254
∴ The compounded interest = $125.7789254
∵ The simple interest is $100
∵ The compounded interest is $125.7789254
∵ $125.7789254 > $100
∴ The compounded annually account will earn more interest
over 10 years
Answer: 1.645
Step-by-step explanation:
Given : The quality control manager of a soda manufacturing company wishes to use a significant level of 0.05 to test whether the variabilities in the amount of soda in the company's 16 OZ bottles is more than the variabilities in the company's 12 OZ bottles.
Let represents the variance for 16 OZ bottles and
represents the variance for 12 OZ bottles.
The Null and Alternative Hypothesis will be :-
, since alternative hypothesis is left-tailed , then the test is left-tailed test.
By using the standard normal distribution table for z, the critical value for this hypothesis:-
Answer:
27
Step-by-step explanation:
Let <em>g </em>be Gabrielle's age and <em>m </em>be Mikhail's age.
We can turn the statements the problem gives us into mathematical expressions to help us solve.
Gabrielle's age is two times Mikhail's age:
<em>g </em>= 2<em>m</em>
The sum of their ages is 81:
<em>g </em>+ <em>m </em>= 81
This gives us a system of equations that will allow us to solve for Gabrielle's age.
<em>g </em>+ <em>m </em>= 81
(2<em>m</em>)<em> </em>+ <em>m </em>= 81
3<em>m </em>= 81
<em>m</em> =
<em>m </em>= 27
If we need to solve for Gabrielle's age, we can do the following.
<em>g </em>= 2<em>m</em>
2(27)<em> </em>= <em>g</em>
54 = <em>g</em>
g = 54
Mikhail's age is 27.
Gabrielle's age is 54.