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hram777 [196]
4 years ago
12

An amount of $8,000 is invested at a simple interest rate of 1.5%. What is the total amount after 3 years?

Mathematics
2 answers:
VikaD [51]4 years ago
8 0

For simple interest, the interest for each year is calculated on the initial principal itself.
So, for a period of 3 years, the total interest will be

<span> <span>(1.5% of 8000)×3=<span><span>1.5⋅3⋅8000</span>100</span>=360</span> </span>

So the total amount at the end of the period

<span>=Principal+Interest=8000+360=<span>8360</span></span>
aliina [53]4 years ago
6 0
I=PRT
P=8000
R=0.015
T=3

I=8000*0.015*3=360

total amount=8000+360=$8360
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In a sample of seven cars, each car was tested for nitrogen-oxide emissions (in grams per mile) and the following results were o
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The question is incomplete. Here is the complete qeustion.

In a sample of seven cars, each car was tested for nitrogen-oxide emissions (in grams per mile) and the following results were obtained: 0.10 0.13 0.16 0.15 0.14 0.008 0.15

(a) Construct a 99% confidence interval for the mean nitrogen-oxide emissions of all cars.

(b) If the EPA requires that nitrogen-oxide emissions be less than 0.165 g/mi, based on the 99% confidence interval in (a), can we safely conclude that this requirement is being met?

Answer: (a) 0.089 ≤ μ ≤ 0.171

(b) No

Step-by-step explanation:

(a) To determine the confidence interval, first calculate the mean (X) and standard deviation (s) of the sample

X = \frac{0.1+0.13+0.16+0.15+0.14+0.08+0.15}{7}

X = 0.13

s = \sqrt{\frac{(0.1-0.13)^{2} + (0.13 - 0.13)^{2} + ... + (0.15 - 0.13)^{2}}{7-1} }

s = 0.029

The degrees of freedom is

N - 1 = 7 - 1 = 6

And since the confidence is of 99%:

α = 1 - 0.99 = 0.01

α/2 = 0.01/2 = 0.005

The t-test statistics for t_{6,0.005} is 3.707

(Value found in the t-distribution table)

Now, calculate Error:

E = t_{6,0.005} . \frac{s}{\sqrt{N} }

E = 3.707. \frac{0.029}{\sqrt{7} }

E = 0.041

The interval will be:  

0.13 - 0.041 ≤ μ ≤ 0.13+0.041

0.089 ≤ μ ≤ 0.171

(b) No, because according to the interval, the nitrode-oxide emissions range from 0.089 to 0.171, which is greater than required by EPA.

7 0
4 years ago
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alina1380 [7]
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3 years ago
Kathy needs money for a trip to Europe if she has US$300 in the bank but wants to withdraw half of it In British pounds and half
Aleks [24]

Answer: She has 21.63 more euros than pounds and has 1.23 times more euros than pounds.

Step-by-step explanation:

She has US$300, and she will withdraw half of it on pounds, and half of it in euros.

(half of US$300 is US$150)

We know that:

1 pound = US$1.6

(1 pound/US$1.6) = 1

Then US$150 = US$150*(1 pound/US$1.6) = (150/1.6) pounds = 93.75 pounds.

And we also know that:

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This means that:

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This means that:

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This means that she has 21.63 more euros than pounds.

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115.38/93.75 = 1.23

She has 1.23 times more euros than pounds.

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