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almond37 [142]
3 years ago
10

What is the compounded interest if $410 is invested for 10 years at 8% compounded continuously

Mathematics
2 answers:
tatiyna3 years ago
4 0
\bf \textit{Continuous Compounding Amount}\\\\
A=Pe^{rt}\qquad \begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$410\\
r=rate\to 8\%\to \frac{8}{100}\to &0.08\\
t=years\to &10
\end{cases}

so, that gives you  the compounded amount, after 10 years, if you want to know how much interest was earned? well, just subtract the Principal from the Amount, or A - P  <--- that's how much interest was earned
Damm [24]3 years ago
4 0

Answer:

it is A-P

Step-by-step explanation:

You might be interested in
The Wall Street Journal Corporate Perceptions Study 2011 surveyed readers and asked how each rated the Quality of Management and
natali 33 [55]

Answer:

a)\chi^2 = \frac{(40-35)^2}{35}+\frac{(35-40)^2}{40}+\frac{(25-25)^2}{25}+\frac{(25-24.5)^2}{24.5}+\frac{(35-28)^2}{28}+\frac{(25-17.5)^2}{17.5}+\frac{(5-10.5)^2}{10.5}+\frac{(10-12)^2}{12}+\frac{(15-7.5)^2}{7.5} =17.03

p_v = P(\chi^2_{4} >17.03)=0.0019

And we can find the p value using the following excel code:

"=1-CHISQ.DIST(17.03,4,TRUE)"

Since the p value is lower than the significance level we can reject the null hypothesis at 5% of significance, and we can conclude that we have association or dependence between the two variables.

b)

P(E|Ex)= P(EΛEx )/ P(Ex) = (40/215)/ (70/215)= 40/70=0.5714

P(E|Gx)= P(EΛGx )/ P(Gx) = (35/215)/ (80/215)= 35/80=0.4375

P(E|Fx)= P(EΛFx )/ P(Fx) = (25/215)/ (50/215)= 25/50=0.5

P(G|Ex)= P(GΛEx )/ P(Ex) = (25/215)/ (70/215)= 25/70=0.357

P(G|Gx)= P(GΛGx )/ P(Gx) = (35/215)/ (80/215)= 35/80=0.4375

P(G|Fx)= P(GΛFx )/ P(Fx) = (10/215)/ (50/215)= 10/50=0.2

P(F|Ex)= P(FΛEx )/ P(Ex) = (5/215)/ (70/215)= 5/70=0.0714

P(F|Gx)= P(FΛGx )/ P(Gx) = (10/215)/ (80/215)= 10/80=0.125

P(F|Fx)= P(FΛFx )/ P(Fx) = (15/215)/ (50/215)= 15/50=0.3

And that's what we see here almost all the conditional probabilities are higher than 0.2 so then the conclusion of dependence between the two variables makes sense.

Step-by-step explanation:

A chi-square goodness of fit test "determines if a sample data matches a population".

A chi-square test for independence "compares two variables in a contingency table to see if they are related. In a more general sense, it tests to see whether distributions of categorical variables differ from each another".

Assume the following dataset:

Quality management        Excellent      Good     Fair    Total

Excellent                                40                35         25       100

Good                                      25                35         10         70

Fair                                         5                   10          15        30

Total                                       70                 80         50       200

Part a

We need to conduct a chi square test in order to check the following hypothesis:

H0: There is independence between the two categorical variables

H1: There is association between the two categorical variables

The level of significance assumed for this case is \alpha=0.05

The statistic to check the hypothesis is given by:

\chi^2 = \sum_{i=1}^n \frac{(O_i -E_i)^2}{E_i}

The table given represent the observed values, we just need to calculate the expected values with the following formula E_i = \frac{total col * total row}{grand total}

And the calculations are given by:

E_{1} =\frac{70*100}{200}=35

E_{2} =\frac{80*100}{200}=40

E_{3} =\frac{50*100}{200}=25

E_{4} =\frac{70*70}{200}=24.5

E_{5} =\frac{80*70}{200}=28

E_{6} =\frac{50*70}{200}=17.5

E_{7} =\frac{70*30}{200}=10.5

E_{8} =\frac{80*30}{200}=12

E_{9} =\frac{50*30}{200}=7.5

And the expected values are given by:

Quality management        Excellent      Good     Fair       Total

Excellent                                35              40          25         100

Good                                      24.5           28          17.5        85

Fair                                         10.5            12           7.5         30

Total                                       70                 80         65        215

And now we can calculate the statistic:

\chi^2 = \frac{(40-35)^2}{35}+\frac{(35-40)^2}{40}+\frac{(25-25)^2}{25}+\frac{(25-24.5)^2}{24.5}+\frac{(35-28)^2}{28}+\frac{(25-17.5)^2}{17.5}+\frac{(5-10.5)^2}{10.5}+\frac{(10-12)^2}{12}+\frac{(15-7.5)^2}{7.5} =17.03

Now we can calculate the degrees of freedom for the statistic given by:

df=(rows-1)(cols-1)=(3-1)(3-1)=4

And we can calculate the p value given by:

p_v = P(\chi^2_{4} >17.03)=0.0019

And we can find the p value using the following excel code:

"=1-CHISQ.DIST(17.03,4,TRUE)"

Since the p value is lower than the significance level we can reject the null hypothesis at 5% of significance, and we can conclude that we have association or dependence between the two variables.

Part b

We can find the probabilities that Quality of Management and the Reputation of the Company would be the same like this:

Let's define some notation first.

E= Quality Management excellent     Ex=Reputation of company excellent

G= Quality Management good     Gx=Reputation of company good

F= Quality Management fait     Ex=Reputation of company fair

P(EΛ Ex) =40/215=0.186

P(GΛ Gx) =35/215=0.163

P(FΛ Fx) =15/215=0.0697

If we have dependence then the conditional probabilities would be higher values.

P(E|Ex)= P(EΛEx )/ P(Ex) = (40/215)/ (70/215)= 40/70=0.5714

P(E|Gx)= P(EΛGx )/ P(Gx) = (35/215)/ (80/215)= 35/80=0.4375

P(E|Fx)= P(EΛFx )/ P(Fx) = (25/215)/ (50/215)= 25/50=0.5

P(G|Ex)= P(GΛEx )/ P(Ex) = (25/215)/ (70/215)= 25/70=0.357

P(G|Gx)= P(GΛGx )/ P(Gx) = (35/215)/ (80/215)= 35/80=0.4375

P(G|Fx)= P(GΛFx )/ P(Fx) = (10/215)/ (50/215)= 10/50=0.2

P(F|Ex)= P(FΛEx )/ P(Ex) = (5/215)/ (70/215)= 5/70=0.0714

P(F|Gx)= P(FΛGx )/ P(Gx) = (10/215)/ (80/215)= 10/80=0.125

P(F|Fx)= P(FΛFx )/ P(Fx) = (15/215)/ (50/215)= 15/50=0.3

And that's what we see here almost all the conditional probabilities are higher than 0.2 so then the conclusion of dependence between the two variables makes sense.

7 0
3 years ago
A diver descends to a location of -50 1 over 4 meters relative to the surface of the water. He then descends another 10 1 over 2
Yanka [14]

Answer:

-60\frac{3}{4} meters.

Step-by-step explanation:

To find diver's final location relative to the surface of water we will subtract  10\frac{1}{2} from -50\frac{1}{4} because diver dives away another 10\frac{1}{2} from his previous location of -50\frac{1}{4}.

-50\frac{1}{4} -10\frac{1}{2}

Now we will convert our mixed fraction into improper fraction and then we will find a common denominator.

\frac{-201}{4} -\frac{21}{2} =\frac{-201-42}{4}

=\frac{-243}{4}

Now let us convert our answer in mixed fraction.

=\frac{-243}{4}=[tex]-60\frac{3}{4}[/tex]

Therefore, diver's final location relative to the surface of the water is -60\frac{3}{4} meters.

3 0
3 years ago
Read 2 more answers
Consider the diagram. BC is parallel to DE. Find the length of BC.
Lubov Fominskaja [6]

Answer:

It should be 5 but my brain is literally dead

Step-by-step explanation:

Please give brainlest

3 0
2 years ago
Find the inequality represented by the graph
bezimeni [28]
The answer is y ≥ 1/2x
4 0
3 years ago
Read 2 more answers
Men’s heights are normally distributed with a mean of 71.8 inches and a standard deviation of 3.4 inches. A social organization
nadya68 [22]

Answer: 2.28%

Step-by-step explanation:

μ = 71.8

σ = 3.4

X < 65

P(X < 65) = P (Z < 65 - 71.8/3.4) = P (Z < -2)

According to the table for the normal distribution attached, it will give us

P (z < Z < 0), this way, to find the P(Z < z), we need to do 0.5 - P:

0.5 - P(-2 < Z < 0) = 0.5 - 0.4772 = 0.0228

In percentage: 0.0228*100 = 2.28%

8 0
3 years ago
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