1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
garik1379 [7]
3 years ago
9

Jim deposits 6000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the f

irst 5 years?
Mathematics
1 answer:
Alex73 [517]3 years ago
6 0

Answer:

$600 interest will be paid in the first 5 years

Step-by-step explanation:

Simple interest is calculated only on the principal or initial amount deposited. Jim deposits 6000 into an account that pays simple interest at a rate of 2% per year. The formula for simple interest is expressed as

I = PRT/100

Where

I represents interest after the given time.

R represents the interest loan on the principal.

T represent number of time in years.

P represents principal or initial amount deposited.

From the information given,

R = 2

P = 6000

T = 5

I = (6000 × 2 × 5)/100 = $600

You might be interested in
Symposium is part of a larger work referred to as Plato's Dialogues. Wishart and Leach† found that about 21.4% of five-syllable
notsponge [240]

Complete Question

ymposium is part of a larger work referred to as Plato's Dialogues. Wishart and Leach† found that about 21.4% of five-syllable sequences in Symposium are of the type in which four are short and one is long. Suppose an antiquities store in Athens has a very old manuscript that the owner claims is part of Plato's Dialogues. A random sample of 498 five-syllable sequences from this manuscript showed that 129 were of the type four short and one long. Do the data indicate that the population proportion of this type of five-syllable sequence is higher than that found in Plato's Symposium? Use = 0.01.  

a. What is the value of the sample test statistic? (Round your answer to two decimal places.)  

b. Find the P-value of the test statistic. (Round your answer to four decimal places.)

Answer:

a) Z=2.45

b) P Value=0.0073

Step-by-step explanation:

From the question we are told that:

Probability of Wishart and Leach P=21.4=>0.214

Population Size N=498

Sample size n=12

Therefore

P'=\frac{129}{498}

P'=0.2590

Generally the Null and Alternative Hypothesis is mathematically given by

H_0:P=0.214

H_a:=P>0.214

Test Statistics

Z=\frac{P'-P}{\sqrt{\frac{P(1-P)}{n}}}

Z=\frac{0.2590-0.214}{\sqrt{\frac{0.214(1-0.214)}{498}}}

Z=2.45

Therefore P Value is given as

P Value =P(Z\geq 2.45)

P Value =1-P(Z\leq 2.45)

P Value =1-0.99268525

P Value=0.0073

7 0
2 years ago
Please answer : ) will give brainly go to last problem for it to make sense
Ede4ka [16]

Answer:

30%

Step-by-step explanation:

if 60% were thin mint and 10% were Samoas that is 70% of cookies. remaining 30% must be trefoils. hope this helps

5 0
3 years ago
Y = 3(x - 2)2 + 3<br> y = 6x – 12
Effectus [21]

Answer:

25

Hope this help

5 0
3 years ago
Z--3/4=6 1/2<br><br><br> Help I have homework
GarryVolchara [31]
Two negatives is a positive so the equation is Z+3/4=13/2
-3/4
Z=26/4-3/4
Z=23/4
6 0
3 years ago
Read 2 more answers
10 men and 5 women are meeting in a conference room. Four people are chosen at random from the 15 to form a committee. (a) What
nata0808 [166]

Answer:

Step-by-step explanation:

Given

There are 10 men and 5 women in a conference room

total People=15

(a)Probability that the committee consists of 2 men and 2 women

we have to select from 10 men and 5 women

P=\frac{^5C_2\times ^{10}C_2}{^{15}C_4}

(b)Bob and Jane end up on the same committee

as bob and Jane are necessary to include so there are 4 women and 9 men left to select remaining 2 person

P=\frac{^{13}C_2}{^{15}C_4}

(c)Bob is in the committee but Jane is not

9 men and 4 women left to choose other 3 person

P=\frac{^{13}C_3}{^{15C_4}}

7 0
3 years ago
Other questions:
  • (6,2),(9,r),m=-1 find the value of r
    13·1 answer
  • Regan bought a rug priced at $335.40. Shipping and handling cost an additional 5% of the price. What was the total cost of the r
    9·1 answer
  • I need help with this, I am confused so please explain to me.
    10·1 answer
  • Which of the following points satisfies the inequality 2x - 3y &lt; 1?
    7·2 answers
  • If a class is made up of 55% boys and there are 14 girls how many boys are there
    6·1 answer
  • Plz help with any problems you can, show work for number 29
    11·1 answer
  • Angelique has a bag that contains six red marbles and four blue marbles and 14 yellow marbles if she chooses one marble from the
    11·1 answer
  • Plz help me fast plz
    5·2 answers
  • Use the drawing tools to form the correct answer on the graph. Graph the line that represents the equation
    14·1 answer
  • A quadrilateral WXYZ contains wxy where measure of wxy=92 degrees. Once rotated 270° about the origin and translated 2 units up,
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!