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atroni [7]
3 years ago
12

grandpa joe wants to open an account for his grandchildren that he hopes will have $80,000 in it after 20 years. how much must h

e deposit now into an account that yields 2.75% interest, compounded monthly, so he can be assured of reaching his goal?
Mathematics
1 answer:
kirill [66]3 years ago
3 0

Answer:

$46185.04

Step-by-step explanation:

80000 = X(1 + 0.0275/12)^(20×12)

X = 46185.03749

You might be interested in
The average THC content of marijuana sold on the street is 9.3%. Suppose the THC content is normally distributed with standard d
velikii [3]

Answer:

a) X \sim N(9.3,1)  

b) P(X>9.2)=P(\frac{X-\mu}{\sigma}>\frac{9.2-\mu}{\sigma})=P(Z>\frac{9.2-9.3}{1})=1-P(Z

c) The value of height that separates the bottom 75% of data from the top 25% is 9.9745.  

Step-by-step explanation:

1) Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

2) Part a

Let X the random variable that represent the heights of a population, and for this case we know the distribution for X is given by:

X \sim N(9.3,1)  

Where \mu=9.3 and \sigma=1

3) Part b

We are interested on this probability

P(X>9.2)

And the best way to solve this problem is using the normal standard distribution and the z score given by:

z=\frac{x-\mu}{\sigma}

If we apply this formula to our probability we got this:

P(X>9.2)=P(\frac{X-\mu}{\sigma}>\frac{9.2-\mu}{\sigma})=P(Z>\frac{9.2-9.3}{1})=1-P(Z

4) Part c

For this part we want to find a value a, such that we satisfy this condition:

P(X>a)=0.25   (a)

P(X   (b)

Both conditions are equivalent on this case. We can use the z score again in order to find the value a.  

As we can see on the figure attached the z value that satisfy the condition with 0.75 of the area on the left and 0.25 of the area on the right it's z=0.6745. On this case P(Z<0.6745)=0.75 and P(z>0.6745)=0.25

If we use condition (b) from previous we have this:

P(X  

P(Z

But we know which value of z satisfy the previous equation so then we can do this:

z=0.6745

And if we solve for a we got

a=9.3 +1*0.6745=9.9745

So the value of height that separates the bottom 75% of data from the top 25% is 9.9745.  

8 0
3 years ago
Help me please I need the answer ASAP
ozzi

a

10.95x + 2.50, but for eight books so 10.95 x 8 + 2.50 = 90.10

b

12.50x + 4.50, but for six books so 12.50 x 6 + 4.50 = 79.50

c

To do this, we can set them both equal to each other and if x is a whole number of books, then they do pay the same amount. If x is a decimal, then they don't pay the same amount.

10.95x + 2.50 = 12.50x + 4.50

2.50 - 4.50 = 12.50x - 10.95x

-2 = 1.55x

This can never be a whole number, so therefore members and non-members can never pay the same amount for an order of x books.

8 0
3 years ago
What is the equation of a line passing through the point (1,2) and parallel to the line y=3x+2?
vova2212 [387]
Y=3x-1 have a great day!!
3 0
3 years ago
Read 2 more answers
Please help with this
Maksim231197 [3]

Answer:

Choice A

Step-by-step explanation:

  • SSS is not applicable as only 2 sides are congruent
  • HL is lot applicable as triangles are not right angled (∠A and ∠E >90)
  • ASA also not applicable as the angle should be included but is not
5 0
3 years ago
Prince Ivan rides gray wolf and a constant speed from kings castle to the magic apple garden in five hours. on the return trip t
borishaifa [10]

Answer:

The original speed of the grey wolf can be 9 and/or 48 km/hour

Step-by-step explanation:

There are two trips. One to King Castle (KC) to Magic Apple Garden (MAG), and then back (MAG - KC).

First trip: KC - MAG

It takes the same distance as MAG - KC so distance can be D for both.

Then it is stated that it takes 5 hours or 300mins for him to go from KC - MAG, and the speed is constant.

Let x be speed.

So the equation for this is:

D=5x

Second trip: MAG - KC

Here he goes 36 mi at constant speed (x), then picks up his speed by 3 km/hour (x+3).

For Time:

He reaches to KC, 15 mins earlier than KC - MAG, so he reaches there in 4.75 hours or in 275 min.

The problem splits into two as there are two different times, for the two parts of the journey or distance for MAG - KC.

Let T#1 = a, and T#2 = b.

Let D#2 = D-36

The equation for a:

a = 36/x --> This is he is at a constant speed and went for 36mi.

Next:

The equation for b:

b = (x+3)/D#2

These two equation have to be added as (a+b) = 4.75 --> 4.75 is the total time for MAG - KC.

So the equation is:

36/x + (5x-36)/x+3 = 4.75 --> Knowing (a+b) = 4.75, just put 4.75 as the equal, and add the fractions that equal (a) and (b).

Now Solve:

36/x + (5x-36)/x+3 = 4.75

0.25s^2 + 108 + 5s^2 - 36s = 4.75s*(s+3)

0.25s^2 - 14.25s + 108 = 0

(14.25 +- Square root (203.06 - 108))/0.5

(14.25 +- Square root (95.0625))/0.5

(14.25 +- 9.75)/0.5

Answer:

s = 9, s=48.

Therefore the original speed of the grey wolf can be 9 and/or 48 km/hour.

8 0
3 years ago
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