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DaniilM [7]
3 years ago
5

Jace invested $65,000 in an account paying an interest rate of 2.5% compounded continuously. Assuming no deposits or withdrawals

are made, how long would it take, to the nearest year, for the value of the account to reach $93,400?
Mathematics
1 answer:
Tomtit [17]3 years ago
7 0

Answer:

15 years

Step-by-step explanation:

93400=65000*e^(.025x)

x=14.5 which rounds to 15

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What is the smallest solution to this equation?​
Lapatulllka [165]

Answer:

x = - 6

Step-by-step explanation:

Given

\frac{2}{3} x² = 24 ( multiply both sides by 3 )

2x² = 72 ( divide both sides by 2 )

x² = 36 ( take the square root of both sides )

x = ± \sqrt{36} ← note plus or minus

x = ± 6

solutions are x = - 6, x = + 6

The smallest solution is x = - 6

8 0
3 years ago
The U.S. Census Bureau conducts a study to determine the time needed to complete the short form. The Bureau surveys 200 people.
NISA [10]

Answer:

8.2-2.58\frac{2.2}{\sqrt{18}}=6.86    

8.2+2.58\frac{2.2}{\sqrt{18}}=9.54    

So on this case the 90% confidence interval would be given by (6.86;9.54)    And the error is given by:

ME= 2.58\frac{2.2}{\sqrt{18}} =1.338

Step-by-step explanation:

Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

\bar X=8.2 represent the sample mean for the sample  

\mu population mean (variable of interest)

\sigma=2.2 represent the population standard deviation

n represent the sample size  

Solution to the problem

The confidence interval for the mean is given by the following formula:

\bar X \pm z_{\alpha/2}\frac{\sigma}{\sqrt{n}}   (1)

Since the Confidence is 0.90 or 90%, the value of \alpha=0.1 and \alpha/2 =0.005, and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.005,0,1)".And we see that z_{\alpha/2}=2.58

Now we have everything in order to replace into formula (1):

8.2-2.58\frac{2.2}{\sqrt{18}}=6.86    

8.2+2.58\frac{2.2}{\sqrt{18}}=9.54    

So on this case the 90% confidence interval would be given by (6.86;9.54)    And the error is given by:

ME= 2.58\frac{2.2}{\sqrt{18}} =1.338

8 0
3 years ago
Read 2 more answers
Solve by using subitution
Bas_tet [7]

Y=2x+1
2x-y=2
2x-(2x+1)=2
-1=2
-1+1=2+1
0=3


No solution
4 0
2 years ago
Read 2 more answers
A line passes through the point (-1,5) and the point (3,5), what is the equation of the line?​
Lemur [1.5K]

Answer:

8

Step-by-step explanation:

took the test

have a nice day

mark brainlist plzzzzz

8 0
3 years ago
Which is the correct way to set up the equation to solve for x in this diagram?
podryga [215]

Step-by-step explanation:

the products is the 2 parts of the segment lines are the same.

so,

5×8 = 4x

is correct (the second option).

which means

40 = 4x

x = 10

6 0
2 years ago
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