Answer:
The compounded annually account will earn more interest over 10 years
Step-by-step explanation:
The rule of the simple interest is I = Prt, where
The rule of the compounded interest is A = P
, where
- n is the number of periods
The interest I = A - P
∵ Each account start with $200
∴ P = 200
∵ They have an interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ One account earns simple interest and the other is compounded
annually
∴ n = 1 ⇒ compounded annually
∵ The time is 10 years
∴ t = 10
→ Substitute these values in the two rules above
∵ I = 200(0.05)(10)
∴ I = 100
∴ The simple interest = $100
∵ I = A - P
∵ A = 200
∴ A = 325.7789254
∵ I = 325.7789254 - 200
∴ I = 125.7789254
∴ The compounded interest = $125.7789254
∵ The simple interest is $100
∵ The compounded interest is $125.7789254
∵ $125.7789254 > $100
∴ The compounded annually account will earn more interest
over 10 years
30 laps is the definite answer to the question
Answer:
The correct option is;
(B) Yes, because sampling distributions of population proportions are modeled with a normal model.
Step-by-step explanation:
Here we have the condition for normality being that where we have a population with a given mean and standard deviation, while a sufficiently large sample is drawn from the population while being replaced, the distribution of the sample mean p will be distributed normally according to central limit theorem.
Answer:
yes tax is .7 per dollar there for every dollar u spend u pay an extra .7
The dollar amount of each monthly payment is interest
7,865.87÷120=65.55
The percent of the total payments is total interest
(7,865.87÷27,865.87)×100=28.2%