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Alexxx [7]
3 years ago
13

Jace invested $8,300 in an account paying an interest rate of 6.6% compounded continuously. Assuming no deposits or withdrawals

are made, how much money, to the nearest dollar, would be in the account after 14 years?​
Mathematics
1 answer:
kondor19780726 [428]3 years ago
3 0

Answer:

  • $20911

Step-by-step explanation:

<u>Given</u>

  • Investment   P₀ = $8300
  • Interest rate   r = 6.6%
  • Compound = continuous
  • Time   t=14 years
  • P = ?

<u>Formula for continuous compound interest:</u>

  • P = P₀e ^rt, where e = 2.71828, constant used for continuous interest
  • P = 8300*(2.71828)^(14*0.066)
  • P = $20910.57 = $20911 rounded to the nearest dollar

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In a random sample of 26 residents of the state of Montana, the mean waste recycled per person per day was 2.8 pounds with a sta
Rainbow [258]

Answer:

The critical value that should be used in constructing the confidence interval is T = 1.316.

The 80% confidence interval for the mean waste recycled per person per day for the population of Montana is between 2.741 pounds and 2.859 pounds.

Step-by-step explanation:

We have the standard deviation for the sample, which means that the t-distribution is used to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 26 - 1 = 25

80% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 25 degrees of freedom(y-axis) and a confidence level of 1 - \frac{1 - 0.8}{2} = 0.9. So we have T = 1.316

The critical value that should be used in constructing the confidence interval is T = 1.316.

The margin of error is:

M = T\frac{s}{\sqrt{n}} = 1.316\frac{0.23}{\sqrt{26}} = 0.059

In which s is the standard deviation of the sample and n is the size of the sample.

The lower end of the interval is the sample mean subtracted by M. So it is 2.8 - 0.059 = 2.741 pounds

The upper end of the interval is the sample mean added to M. So it is 2.8 + 0.059 = 2.859 pounds.

The 80% confidence interval for the mean waste recycled per person per day for the population of Montana is between 2.741 pounds and 2.859 pounds.

4 0
3 years ago
Louise used this figure to model the expression 20 divided by 4.
mixas84 [53]

Answer:

The answer is , The arrows should start at zero .

Step-by-step explanation:

5 0
3 years ago
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If it takes 930 kg of food to feed a pair of elephants for 3 days how much food would u need to feed them for a week?
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Answer:

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Step-by-step explanation:

i just know the answer

3 0
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Please help me:(***********​
jeka94

Answer:

<em><u>A:</u></em>

<em><u>Square</u></em>

<em><u>Rectangle</u></em>

<em><u>Parallelogram</u></em>

<em><u>Quadrilateral</u></em>

<em><u>Rhombus</u></em>

<em><u></u></em>

<em><u></u></em>

Step-by-step explanation:

All sides and angles are equal so it is a square

All angles are 90 degrees so it is a rectangle (eliminate C)

Opposing angles and side lengths are congruent so it is a parallelogram (eliminate D)

It has 4 sides so it is a quadrilateral (eliminate B)

Since all of the other answers are eliminated you don't necessarily need to prove that is is a rhombus, but it is good practice.

Opposing sides are congruent so it is a rhombus.

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3 years ago
Solve y = x2 + 2 for x.
stiks02 [169]

Answer:

x = y - 2 / 2

Step-by-step explanation:

y = 2x + 2

2x + 2 = y

2x = y - 2

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