Ask question

Ask question

All categories

3 years ago

8

Is compound interest always greater than simple interest ?Give examples

1 answer:

g100num [7]3 years ago

3 0

Yes compund interest is always greater than simple interest

simple interest = principal

compound interest = principal + accumulated interest

You might be interested in

If you flipped the coin 100 times, how many heads would you expect to get? Explain your answer.

Irina18 [472]

Answer:

You would expect to get 50 heads

Step-by-step explanation:

Each time you flip a coin you will either get heads or tails. This means that you have a 1/2 probability of getting heads. If you use this then you need to multiply 1/2 and 100 to get the expected amount of heads. Multiplying by a half is just dividing by 2. Therefore, the answer is 100/2 = 50. The answer is 50 heads

5 0

3 years ago

Evaluate the Expression. a+5. PLEASE HURRY AND EXPLAIN IT TO ME

Fantom [35]

Whats the rest of the question? a+5=???????????

7 0

3 years ago

Pleasseeeeee help meee

maks197457 [2]

Answer:

29.

a. A = 24ft²

b. A = 44ft²

30. He will need 72 pieces

31. There is 17,750ft² of land left

Step-by-step explanation:

look at the picture

4 0

2 years ago

According to the Census Bureau, 3.36 people reside in the typical American household. A sample of 25 households in Arizona retir

Mila [183]

Answer:

We conclude that the mean number of residents in the retirement community household is less than 3.36 persons.

Step-by-step explanation:

We are given the following in the question:

Population mean, μ = 3.36

Sample mean, $\bar{x}$ = 2.71

Sample size, n = 25

Alpha, α = 0.10

Sample standard deviation, s = 1.10

First, we design the null and the alternate hypothesis

$H_{0}: \mu = 3.36\text{ residents per household}\\H_A: \mu < 3.36\text{ residents per household}$

We use One-tailed(left) t test to perform this hypothesis.

Formula:

$t_{stat} = \displaystyle\frac{\bar{x} - \mu}{\frac{s}{\sqrt{n}} }$ Putting all the values, we have

$t_{stat} = \displaystyle\frac{2.71 - 3.36}{\frac{1.10}{\sqrt{25}} } = -2.95$

Now, $t_{critical} \text{ at 0.10 level of significance, 24 degree of freedom } =-1.31$

Since,

$t_{stat} < t_{critical}$

We reject the null hypothesis and fail to accept it.

Thus, we conclude that the mean number of residents in the retirement community household is less than 3.36 persons.

5 0

2 years ago

Round 5907 to the nearest hundreds

AVprozaik [17]

5900

Step-by-step explanation: 907is closest to 900. So the rounded number is 5900

5 0

3 years ago