1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arlecino [84]
3 years ago
14

Find the balance in Grace's account after 2 years for a principal of $2500 if the bank pays simple interest at a rate of 5.25%.

A.)29762.50 B.)2862.50 C.)2762.50 D.)2772.50
Mathematics
1 answer:
Naddika [18.5K]3 years ago
8 0

Answer: C.)2,762.50

Step-by-step explanation:

The bank is paying a simple interest of 5.25%.

After 2 years, Grace's account will have:

Simple interest:

= Principal * ( 1 + rate * years)

= 2,500 * ( 1 + 5.25% * 2)

= $‭2,762.50‬

You might be interested in
Various studies indicate that approximately 11% of the world's population is left handed. You think this number is actually high
Irina-Kira [14]

Answer:

a. H0 : p ≤ 0.11 Ha : p >0.11 ( one tailed test )

d. z= 1.3322

Step-by-step explanation:

We formulate our hypothesis as

a. H0 : p ≤ 0.11 Ha : p >0.11 ( one tailed test )

According to the given conditions

p`= 31/225= 0.1378

np`= 225 > 5

n q` = n (1-p`) = 225 ( 1- 31/225)= 193.995> 5

p = 0.4 x= 31 and n 225

c. Using the test statistic

z=  p`- p / √pq/n

d. Putting the values

z= 0.1378- 0.11/ √0.11*0.89/225

z= 0.1378- 0.11/ √0.0979/225

z= 0.1378- 0.11/ 0.02085

z= 1.3322

at 5% significance level the z- value is ± 1.645 for one tailed test

The calculated value falls in the critical region so we reject our null hypothesis H0 : p ≤ 0.11 and accept  Ha : p >0.11 and  conclude that the data indicates that the 11% of the world's population is left-handed.

The rejection region is attached.

The P- value is calculated by finding the corresponding value of the probability of z from the z - table and subtracting it from 1.

which appears to be 0.95 and subtracting from 1 gives 0.04998

8 0
4 years ago
Which fraction is greater than the fraction represented by the model?
babunello [35]

Answer:

7/16

Step-by-step explanation:

7/16>3/8

4 0
3 years ago
Read 2 more answers
Gannon has deposited $742 in a savings account that earns interest at a rate of 3.4% compounded monthly. What will the account b
marta [7]
Firstly, solve the effective annual interest (ieff) with the equation,
 
                          ieff = (1 + i/m)^m -1

where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12

Substituting the values, 
                            ieff = (1 + 0.034/12)^12 - 1 =0.03453

To solve for the future (F) amount of the present investment (P), 
                                       
                                        F = P x (1 + ieff)^n

where n is number of years.
 
                                        F = ($742) x (1 + 0.03453)^15

Thus, the answer is $1234.76. 


 
                

7 0
3 years ago
Angie divides the polynomial function f(x)=x3+3x2−7x−21 by (x + 3). What can she conclude from the fact that the remainder is eq
iren [92.7K]

Answer:

See below

Step-by-step explanation:

<u>Given function</u>

  • f(x)=x³ + 3x²- 7x - 21

<u>We can find its factors:</u>

  • x³ + 3x² - 7x - 21 =
  • x²(x + 3) - 7(x + 3) =
  • (x² - 7)(x + 3)

We can conclude that the given polynomial function is fully divisible by (x + 3) and the quotient is (x² - 7)

Also one of zeros of the function is -3

8 0
3 years ago
Please help, im two weeks behind on my math ):
bixtya [17]

Answer:

the surface of area is 14cm to 2cm to 6cm please rate my answer

3 0
3 years ago
Other questions:
  • Estimate the sum or difference...
    12·1 answer
  • Factors of 48 that add to equal 26
    6·1 answer
  • Which of the following is the best definition of probability?
    5·2 answers
  • A 4ft piece of pipe needs to be divided into pieces that are 2/3ft long. How many pieces are made? How many remaining?
    15·1 answer
  • The playground of a school has areas fixed for various activities. One-fifth of the playground is used for students to sit and r
    7·1 answer
  • I need help with Pythagorean Theorem
    14·2 answers
  • Quiana has 7 times more text messages from Yolanda than from Pierre. Quiana has 56 text messages from Yolanda. Which equation ca
    7·1 answer
  • Based on a table provided in your reading material, determine the monthly
    9·1 answer
  • The two lines below are parallel. If the slope of the red line is 4, what is the slope of the green line?
    9·1 answer
  • Find the value <br><img src="https://tex.z-dn.net/?f=%282x%290" id="TexFormula1" title="(2x)0" alt="(2x)0" align="absmiddle" cla
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!