All categories

3 years ago

2,400 principal earning 2%, compounded annually, after 7 years. Find the balance in the account

Mathematics

1 answer:

charle [14.2K]3 years ago

3 0

A = P (1 + r/n) ^nt
P = 2400
r = .02
n = 1
t = 7

Answer: $2756.86

You might be interested in

What does this equation equal??? (-2)(3)

Nata [24]

The answer is -6 because when u put them together and do the equation and get -6

4 0

2 years ago

Mrs. Williams is crocheting a blanket for her niece. So far the blanket has a radius of 5 feet. She plans to put one final round

Irina18 [472]

C jsnndbdbdbdbx ndndnndnd d dndnxnxnnxnxjxjxjxncncnnxnx

8 0

3 years ago

72.1 divided by 7<br> Estimate the quotient

Ulleksa [173]

Do 72 divided by 7 to get your answer

4 0

2 years ago

Read 2 more answers

Functions math, please help.

kozerog [31]

Y intercept is (0,-7). slope is 2.

Change the function to y=mx+b format first. m=slope and plug in 0 as x to get y intercept.

8 0

2 years ago

Arm Span(x) Height(y)

natita [175]

Answer:

Here's what I get.

Step-by-step explanation:

1. Representation of data

I used Excel to create a scatterplot of the data, draw the line of best fit, and print the regression equation.

2. Line of best fit

(a) Variables

I chose arm span as the dependent variable (y-axis) and height as the independent variable (x-axis).

It seems to me that arm span depends on your height rather than the other way around.

(b) Regression equation

The calculation is easy but tedious, so I asked Excel to do it.

For the equation y = ax + b, the formulas are

$a = \dfrac{\sum y \sum x^{2} - \sum x \sumxy}{n\sum x^{2}- \left (\sum x\right )^{2}}\\\\b = \dfrac{n\sumx y - \sum x \sumxy}{n\sum x^{2}- \left (\sum x\right )^{2}}$

This gave the regression equation:

y = 1.0595x - 4.1524

(c) Interpretation

The line shows how arm span depends on height.

The slope of the line says that arm span increases about 6 % faster than height.

The y-intercept is -4. If your height is zero, your arm length is -4 in (both are impossible).

(d) Residuals

$\begin{array}{cccr}&\textbf{Arm Span} & \textbf{Arm Span}&\\\textbf{Height/in} &\textbf{Actual} & \textbf{Predicted}&\textbf{Residual}\\25 & 19 & 22.3 & -3.3\\40 & 41 & 38.2 & 2.8\\55 & 51 & 54.1 & -3.1\\65 & 67 & 62.6 & 4.4\\ \end{array}$

The residuals appear to be evenly distributed above and below the predicted values.

A graph of all the residuals confirms this observation.

The equation usually predicts arm span to within 4 in.

(e) Predictions

(i) Height of person with 66 in arm span

$\begin{array}{rcl}y& = & 1.0595x - 4.1524\\66 & = & 1.0595x - 4.1524\\70.1524 & = & 1.0595x\\x & = & \dfrac{70.1524}{1.0595}\\\\& = & \textbf{66 in}\\\end{array}\\\text{A person with an arm span of 66 in should have a height of about $\large \boxed{\textbf{66 in}}$}$

(ii) Arm span of 74 in tall person

$\begin{array}{rcl}y& = & 1.0595x - 4.1524\\& = & 1.0595\times74 - 4.1524\\& = & 78.4030 - 4.1524\\& = & \textbf{74 in}\\\end{array}\\\text{ A person who is 74 in tall should have an arm span of $\large \boxed{\textbf{74 in}}$}$

6 0

2 years ago