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mezya [45]
3 years ago
10

What is the key difference between simple interest and compound interest, and how does this difference affect the effectiveness

of each?
Mathematics
1 answer:
stealth61 [152]3 years ago
5 0
<h2>Answer:</h2>

The simple interest is calculated only on the principal amount of a loan so it is relatively easier to calculate than the compound interest.

The compound interest is calculated on the principle amount plus the interest that the amount gets per compounding period up to the period of the loan. In other words, in compound interest we get, interest on interest.

This difference between the both, is the reason, we get more money in compound interest than simple one.

Let us take an example-

Suppose the principle is = $5000

r = 5% or 0.05

t = 5 years

Simple interest formula is :

p\times r\times t

=> 5000\times0.05\times5=1250

So, total amount after 5 years will become = 5000+1250=6250 dollars.

-----------------------------------------------------------------------------------------

Lets check for compound interest where the interest is compounded annually.

p = $5000

r = 5% or 0.05

t = 5 years

n = 1

Compound interest formula is :

A=p(1+\frac{r}{n} )^{nt}

A=5000(1+\frac{0.05}{1} )^{5}

=>A=5000(1.05)^{5}

A = $6381.40

--------------------------------------------------------------------------------------------

We can see that we are getting more money in compound interest than the simple interest, for the same amount and same time period.

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c

Step-by-step explanation:

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2 years ago
You take a quiz with 6 multiple choice questions. After you studied your estimated that you would have about an 80 % chance of g
Arada [10]

Answer:

1.15%

Step-by-step explanation:

To get the probability of m  independent events you multiply the individual probability of each event. In this case we have m independent events, each one with the same probability, therefore:

p^{m}

0.8^{20} = 1.15\%

This is a particlar scenario of binomial distribution problem. So the binomial distribution questions are about the number of success of m independent events, where every individual event has the same p probability. In the question we have 20 events and each event has a probability of 80%. The binomial distribution formula is:

\binom{n}{k} * p^{k} * (1-p)^{n-k}

n is the number of events

k is the number of success

p is the probability of each individual event

\binom{n}{k} is the binomial coefficient

the binomial coefficient allows to find the subsets of k elements in a set of n elements.  In this case there is only one subset possible since the only way to get 20 of 20 correct questions is to getting right all questions (for getting 19 of 20 questions there are many ways, for example getting the first question wrong and all the other questions right, or getting second questions wrong and all the other questions right, etc).

\binom{n}{k} = \frac{n!}{k!(n-k)!}

therefore, for this questions we have:

\frac{20!}{20!(20-20)!} * 0.8^{20} * (1-0.8)^{0} = 1.15\%

4 0
2 years ago
Please help me, only answer if you know for sure
Galina-37 [17]

Answer:

Step-by-step explanation:

Median: First write in ascending order. If number of data's is odd, median is the middle data.

If number of data's is even, then median = average of n/2th and (n+2)/2th term.

1) 1 , 3 , 5 , 5 , 6

Median = 5

2) 3,4,10,2,1

Ascending order: 1,2,3,4,10

Median = 3

3) 4, 5,7,11

Median = (5+7)/2 = 12/2 = 6

4) 1,1,2,6

Median = (1+2)/2 = 3/2 = 1.5

5) 2,2,3,3,,5,7

Median = 3+3/2 = 6/2 = 3

6)1,2,4,6,7,7

Median = (4+6)/2 = 10/2 = 5

7) 2,2,3,6,7,8

Median = (3+6)/2 = 9/2 = 4.5

8)1,2,3,14,17,18

Median = (3+14)/2 = 17/2 = 8.5

Mean= Sum of all the items÷ number of items

1)Mean = (1+2+3+2)÷4 = 8÷2 = 4

2)Mean=(4+3+2+4+2)÷5 = 15÷5 = 3

3)Mean = (5+4+6+1)÷4 = 16÷4 = 4

4)Mean = (2+5+1+4+7+5)÷6 = 24÷6 = 4

5)Mean =(10+11+9+12+8)÷5=50÷5 = 10

6)Mean = (1 + 2 + (-2)+1+(-2) )÷5 = -2÷5 = -0.4

7)Mean = (4+(-2)+3+(-3)+3)÷5 = 5÷5 = 1

8)Mean = (4+5.5+3+5.5)÷4=18÷4 = 4.5

6 0
2 years ago
Read 2 more answers
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zubka84 [21]

Answer:

The angle that the line makes with x-axis of of 64.3º.

Step-by-step explanation:

Equation of a line, and angle with the x axis:

The equation of a line has the following format:

y = mx + b

In which m is the slope.

The angle that the line makes with the x axis is given by the angle which has tangent m, that is, a = \tan^{-1}{m}.

In this question:

We have that m = 2.08. So

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The angle that the line makes with x-axis of of 64.3º.

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Answer:

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