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yawa3891 [41]
2 years ago
11

Find the principal amount invested if there is $9300 in the account after 5 years and earned 4% simple interest per year.

Mathematics
1 answer:
Zielflug [23.3K]2 years ago
4 0

Answer:

11314.87379 (This is still rounded).

Step-by-step explanation:

Year 1:

9300*4%=372. 9300+372=9672.

Year 2:

9672*4%=386.88. 386.88=10058.88.

Year 3:

10058.88*4%=402.3552. 402.3552+10058.88=10461.2352.

Year 4:

10461.2352*4%=418.449408. 418.449408+10461.2352=10879.68461

Year 5:

10879.68461*4%=435.1873843. 435.1873843+10879.68461=11314.87379.

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Use a graphing calculator to find the value of the correlation coefficient r and determine if there is a strong correlation amon
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<h3>How to determine the correlation coefficient?</h3>

The points are given as:

(12, 28), (15, 50), (18, 14), (21, 28), (24, 36)

Enter the above points in a graphing calculator.

From the graphing calculator, we have the following summary:

<u>X Values</u>

  • Sum X = 90
  • Mean = 18
  • ∑(X - Mx)^2 = SSx = 90

<u>Y Values</u>

  • Sum Y = 156
  • Mean = 31.2
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<u>R Calculation</u>

r = ∑((X - My)(Y - Mx)) / √((SSx)(SSy))

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r = -18 / √((90)(692.8)) = -0.0721

So, the correlation coefficient is -0.0721

The above is a negative correlation because it is less than 0 and it is a weak correlation because it is closer to 0 than -1

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Read more about correlation coefficient at:

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