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VladimirAG [237]
3 years ago
9

Describe how the effective rate of interest of a money market or CD account can be calculated

Mathematics
1 answer:
cluponka [151]3 years ago
8 0
R=(1+i/k)^k)-1 ............................
You might be interested in
Enter the values for m, n, and p that complete the difference:
inessss [21]

Answer:

p = 2

n = 14

m = 3

Step-by-step explanation:

In order to be able combine (either add or subtract) rational expressions we need to write them with a common (similar) denominator. For that reason we first find the Least Common Denominator of both fractions, that way understanding how to express the two fractions using equivalent fractions with like denominator that can be combined.

We see that the denominator of the first fraction contains the factor "x", therefore "x" has to be a factor of that least common denominator.

We also see that the second fraction  contains "2" as a factor, therefore 2 has to be a factor as well for our Least Common Denominator (LCD)

So the LCD we need is the product: 2*x which we write as 2x.

Now we write the first fraction as an equivalent one but with denominator "2x" by multiplying top and bottom by 2 (and thus not changing the actual value of the fraction): \frac{7}{x} =\frac{7*2}{x*2} =\frac{14}{2x}

Next we do the same with the second fraction, this time multiplying top and bottom by the factor "x":

\frac{3}{2} =\frac{3x}{2x}

Now that both fractions are written showing the same denominator , we can combine them as indicated:

\frac{7}{x} -\frac{3}{2} =\frac{14}{2x} -\frac{3x}{2x} =\frac{14-3x}{2x}

This expression gives as then the values for the requested coefficients.

p = 2

n = 14

m = 3

5 0
3 years ago
Read 2 more answers
a long sleeved shirt costs $21. That is 3 times more than a short sleeved shirt how much does a short sleeved shirt cost
Leto [7]

The answer is $7 $21 / 3 = $7


4 0
3 years ago
Country Financial, a financial services company, uses surveys of adults age and older to determine if personal financial fitness
Yakvenalex [24]

Complete Question

Country financials, a financial services company, uses surveys of adults age 18 and older to determine if personal financial fitness is changing over time. In February 2012, a sample of 1000 adults showed 410 indicating that their financial security was more that fair. In Feb 2010, a sample of 900 adults showed 315 indicating that their financial security was more than fair.

a

State the hypotheses that can be used to test for a significant difference between the population proportions for the two years.

b

What is the sample proportion indicating that their  financial security was more that fair in 2012?In 2010?

c

Conduct the hypothesis test and compute the p-value.At a .05 level of significance what is your conclusion?

Answer:

a

The null hypothesis is  H_o :  p_1 = p_2

The  alternative hypothesis is   H_a :  p_1  \ne  p_2

b

in 2012  \r  p_1  =0.41

in 2010  \r  p_2  =0.35  

c

The  p-value  is  p-value = 0.0072

The conclusion is

There is  sufficient evidence to conclude that the proportion of those indicating that  financial security is more fair in Feb 2010 is different from the proportion of  those indicating that financial security is more fair in Feb 2012.

Step-by-step explanation:

From the question we are told that

   The  sample size in 2012 is  n_1  =  1000

    The  number that indicated that their finance was more than fail is  k  =  410  

     The  sample  size in 2010  is  n_2  =  900

   The  number that indicated that their finance was more than fail is  u  =  315

     The  level of significance is  \alpha  =  0.05[/ex]The null hypothesis is  [tex]H_o :  p_1 = p_2

The  alternative hypothesis is   H_a :  p_1  \ne  p_2

Generally the sample proportion for  2012 is mathematically represented as

     \r  p_1  =  \frac{k}{n_1}

=>   \r  p_1  =  \frac{410}{1000}

=>   \r  p_1  =0.41

Generally the sample proportion for  2010 is mathematically represented as

      \r  p_2  =  \frac{u}{n_2}

=>   \r  p_2  =  \frac{315}{900}

=>   \r  p_2  =0.35    

Generally the pooled sample proportion is mathematically represented as

      \r p =  \frac{k + u }{n_1 + n_2}

=>     \r p =  \frac{410 + 315 }{1000+ 900}

=>      \r p =  0.3816

Generally the test statistics is mathematically represented as

     z =  \frac{( \r p_1 - \r p_2 ) - 0}{\sqrt{\r p (1 - \r p ) ( \frac{1}{n_1} +\frac{1}{n_2} )}  }

 z =  \frac{( 0.41 -0.35 ) - 0}{\sqrt{0.3816 (1 - 0.3816 ) ( \frac{1}{1000} +\frac{1}{900} )}  }    

 

 z =  \frac{( 0.41 -0.35 ) - 0}{\sqrt{0.3816 (1 - 0.3816 ) ( \frac{1}{1000} +\frac{1}{900} )}  }

   z  =  2.688

Generally the p- value  is mathematically represented as  

      p-value = 2 P(Z >2.688  )

From the z -table  

      P(Z > 2.688) = 0.0036

So  

      p-value = 2 *0.0036

        p-value = 0.0072

So from the p-value  obtained we see that p-value  <  \alpha so we reject the null hypothesis

Thus there is  sufficient evidence to conclude that the proportion of financial security is more fair in Feb 2010 is different from the proportion of financial security is more fair in Feb 2012.

5 0
3 years ago
Julie assembles shelves for a department store and gets paid $3.25 per shelf. She can assemble 5 per hour and works 8 hours per
Jlenok [28]

Pay per shelf = $3.25

No of shelfs per hour = 5

Total hours per day = 8

Total days to find pay of = 7

= 3.25×5×8×7

= 910

Therefore she is paid $910 after 1 week.

Must click thanks and mark brainliest

5 0
3 years ago
Can someone help me with this. Will mark brainliest. Thank you.
Murljashka [212]

Answers:

  1. circle
  2. center
  3. radius
  4. chord
  5. diameter
  6. secant

=======================================

Explanations:

  1. Consider a campfire and people surrounding it to warm up. The fire itself is the center of the circle, and the people around it are points on the circle's edge. Assume that each person is the same distance away from the fire. Refer to the diagram below.
  2. We always refer to the circle name by the center point. Think of it being like at the center of the universe, or you could think how the sun is at the center of the solar system. While technically the planets orbit in ellipses and not perfect circles, this idea still could be useful to help remember the naming convention.
  3. If we go back to the example in part 1, the radius is the distance from the campfire to any given person. The radius is half the diameter.
  4. This is not to be confused with the spelling "cord" which refers to wiring used in electronics, or in fabric fibers. If we connected any two campers with a segment, then we formed a chord. Refer back to part 1 above. Any diameter is a chord, but not the other way around.
  5. The diameter is a special type of chord that goes through the center. Note the endpoints of the diameter are on the circle's edge.
  6. A secant line is basically a chord but we've extended both endpoints off infinitely in both directions. A secant cuts the circle at 2 different points. In contrast, a tangent line touches the circle at exactly one point only.

3 0
3 years ago
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