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AlladinOne [14]
3 years ago
7

What is the step by step process of multiplying matrices?

Mathematics
1 answer:
galben [10]3 years ago
5 0

Answer:

sooo Step 1: Make sure that the the number of columns in the 1st one equals the number of rows in the 2nd one. ...

Step 2: Multiply the elements of each row of the first matrix by the elements of each column in the second matrix.

Step 3: Add the products.

hope I helped u

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Step-by-step explanation:

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On 1st January 2020, Laurie invests P dollars in an account that pays a nominal annual interest rate of 5.5%, compounded quarter
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Answer:

1) The common ratio =  1.055

2) The year in which the amount of money in Laurie's account will become double is the year 2032

Step-by-step explanation:

1) The given information are;

The date Laurie made the investment = 1st, January, 2020

The annual interest rate of the investment = 5.5%

Type of interest rate = Compound interest

Therefore, we have;

The value, amount, of the investment after a given number of year, given as follows;

Amount in her account = a, a × (1 + i), a × (1 + i)², a × (1 + i)³, a × (1 + i)ⁿ

Which is in the form of the sum of a geometric progression, Sₙ given as follows;

Sₙ = a + a × r + a × r² + a × r³ + ... + a × rⁿ

Where;

n = The number of years

Therefore, the common ratio = 1 + i = r = 1 + 0.055 = 1.055

The common ratio =  1.055

2) When the money doubles, we have;

2·a = a × rⁿ = a × 1.055ⁿ

2·a = a × 1.055ⁿ

2·a/a = 2 = 1.055ⁿ

2 = 1.055ⁿ

Taking log of both sides gives;

㏒2 = ㏒(1.055ⁿ) = n × ㏒(1.055)

㏒2 = n × ㏒(1.055)

n = ㏒2/(㏒(1.055)) ≈ 12.95

The number of years it will take for the amount of money in Laurie's account to double = n = 12.95 years

Therefore, the year in which the amount of money in Laurie's account will become double = 2020 + 12..95 = 2032.95 which is the year 2032

The year in which the amount of money in Laurie's account will become double = year 2032.

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