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lara31 [8.8K]
2 years ago
15

Mr. Jones has $410,000 in a retirement account that earns 3.85% simple interest each year. Find the amount of interest earned by

this investment if it is in there for 5 years. *
Mathematics
1 answer:
Airida [17]2 years ago
5 0

Answer:

Amount of interest earned = $78,925

Step-by-step explanation:

Given:

Amount deposit = $410,000

Rate of interest = 3.85% = 0.0385

Number of year = 5 year

Find:

Amount of interest earned

Computation:

Using simple interest formula

Amount of interest earned = Amount deposit x Rate of interest  x Number of year

Amount of interest earned = 410,000 x 0.0385 x 5

Amount of interest earned = $78,925

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There are 10 employees in a particular division of a company. Their salaries have a mean of 570,000, a median of $55,000,and a s
harkovskaia [24]

Answer:

a) $160,000

b) $55,000

c) $332264.804

Step-by-step explanation:

We are given that there are 10 employees in a particular division of a company and their salaries have a mean of $70,000, a median of $55,000, and a standard deviation of $20,000.

And also the largest number on the list is $100,000 but By accident, this number is changed to $1,000,000.

a) Value of mean after the change in value is given by;

     Original Mean = $70,000

       \frac{\sum X}{n} = $70,000  ⇒ \sum X = 70,000 * 10 = $700,000

   New \sum X after change = $700,000 - $100,000 + $1,000,000 = $1600000

  Therefore, New mean = \frac{1600000}{10} = $160,000 .

b) Median will not get affected as median is the middle most value in the data set and since $1,000,000 is considered to be an outlier so median remain unchanged at $55,000 .

c) Original Variance = 20000^{2} i.e.  20000^{2} = \frac{\sum x^{2} - n*xbar }{n -1}

    Original \sum x^{2} = (20000^{2} * (10-1)) + (10 * 70,000) = $3,600,700,000

    New \sum x^{2} = $3,600,700,000 - 100,000^{2} + 1,000,000^{2} = 9.936007 * 10^{11}  

    New Variance = \frac{new\sum x^{2} - n*new xbar }{n -1} = \frac{9.936007 *10^{11}  - 10*160000 }{10 -1} = 1.103999 * 10^{11}    Therefore, standard deviation after change = \sqrt{1.103999 * 10^{11} } = $332264.804 .

7 0
3 years ago
Hoping someone will help me out
pogonyaev

Answer:

It does not converge

Step-by-step explanation:

7 0
3 years ago
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What two-dimensional figure will result from slicing this rectangular prism parallel to its base?
alina1380 [7]

Answer:

We will obtain a rectangle on slicing this rectangular prism parallel to it's base.

Hence, option 1) is true.

RECTANGLE.

Step-by-step explanation:

On slicing this geometrical figure; which is a rectangular prism parallel to it's base then we will obtain a figure similar to it's base of the same dimensions as it's base.

As the base of the rectangular prism is a rectangle so on slicing this 3-dimensional figure parallel to it's base we will obtain rectangles.

Hence, option 1 is true.

RECTANGLE.

8 0
3 years ago
A football field is 160 feet wide and 360 feet in length. What is the distance around the field?
charle [14.2K]

Answer: 160 + 160 = 320

360 + 360 = 720

720 + 320 = 1040

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3 years ago
Evaluate x+y when x=−4/5 and y=1/3. Write your answer as a fraction or mixed number in simplest form. The value of the expressio
Wittaler [7]

Answer:

7/15


Step-by-step explanation:


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3 years ago
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