All categories

2 years ago

Linda and Rob open an online savings account that has a 2.89% annual interest rate, compounded

Mathematics

1 answer:

sp2606 [1]2 years ago

4 0

Answer:

FV= $34,222.33

Step-by-step explanation:

First, we need to calculate the weekly interest rate:

Weekly interest rate= 0.0289/52= 0.00056

To calculate the future value (FV), we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= weekly deposit

n= 15*52= 780

A= $35

FV= {35*[(1.00056^780) - 1]} / 0.00056

FV= $34,222.33

You might be interested in

A farmer will divide a 1/4 acre plot of land into three equal-sized sections what will be the size of each section?

Natalija [7]

1/4:3= 1/4•1/3=1/12acre - size of each section

1/2•1/5=1/10yard

8 0

2 years ago

Read 2 more answers

53, Margie usually drinks 12.25 liters of water in one week (7 days), 1 she continues to drink water at the same rate, what is t

Anna [14]

Using the information given in the question, the total number of liters Margie will drink in a 4 week period is 39

Consider the given information:

12.25 liters per week
Continues this for 4 weeks

Equation formed with said information:

Liters per week × The 4-week period

Solving the equation

12.25 × 4

= 49

Therefore, after the 4-week period Margie would of drank 49 liters

4 0

1 year ago

Assume that military aircraft use ejection seats designed for men weighing between 141.8 lb and 218 lb. If women's weights are

Mariulka [41]

Answer:

$P(141.8$

And we can find this probability with this difference and using the normal standard table:

$P(-0.639$

Then the answer would be approximately 55.3% of women between the specifications. And that represent more than the half of women

Step-by-step explanation:

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

$X \sim N(173.6,49.8)$

Where $\mu=173.6$ and $\sigma=49.8$

We are interested on this probability

$P(141.8$

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:

$P(141.8$

And we can find this probability with this difference and using the normal standard table:

$P(-0.639$

Then the answer would be approximately 55.3% of women between the specifications. And that represent more than the half of women

8 0

2 years ago

Write the expression only using positive exponents: <img src="https://tex.z-dn.net/?f=%20%5Cfrac%7B8x%20%5E%7B3%7D%20%7D%7B2

ladessa [460]

Your answer would be 4 over x to the sixth which would look like this

4
_
x^6

the ^ symbol means it’s an exponent

5 0

3 years ago

Round 12.5478 to the nearest hundredths

solong [7]

Answer:

12.04

Step-by-step explanation:

Find the number in the hundredth place 4 and look one place to the right for the rounding digit 1 . Round up if this number is greater than or equal to 5 and round down if it is less than 5 .

6 0

3 years ago