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Gnesinka [82]
3 years ago
12

Find the amount and the compound interest on rupees 5000 for 2 years at 6% per annum, Interest payable yearly. Answer with full

steps and formula NO BAD ANSWERS REQUIRED :D
Mathematics
1 answer:
solniwko [45]3 years ago
5 0

Answer:

I. Amount = 5618 Rupees

II. Compound interest = 618 Rupees

Step-by-step explanation:

  • Given the following data;
  • Principal = 5000 Rupees
  • Time = 2 years
  • Interest rate = 6%

To find the compound interest;

Mathematically, compound interest is calculated using the formula;

A = P(1 + r)^t

Where;

  • A is the future value.
  • P is the principal or starting amount.
  • r is annual interest rate.
  • t is the number of years for the compound interest.

Substituting into the formula, we have;

A = 5000(1 + 0.06)^2

A = 5000(1.06)^2

A = 5000 * 1.1236

<em>A = 5618 Rupees</em>

Next, we would determine the compound interest using the formula;

C.I = A - P

C.I = 5618 - 5000

<em>Compound interest (C.I) = 618 Rupees</em>

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Given that 2x+7=27 and 3x+1=28, does 2x+7=3x+1? explain.
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3. What property is used to show that 3(4 – 6) = 12 – 18?
Veseljchak [2.6K]

Answer:

You are using <u>Commutative Property </u>

Step-by-step explanation:

7 0
3 years ago
A washer and dryer cost 1003 combined the washer cost 53 more than dryer what’s the cost of dryer
NeX [460]

Answer:

475

Step-by-step explanation:

Let's call the dryer price is x

Then, the price for the washer is 53 more than the dryer, it would be: x+53

Total price of washer and dryer = 1003

We get the equation:

x+(x+53) = 1003

2x + 53 = 1003

2x + 53 - 53 = 1003 - 53

2x = 950

x = 475

The dryer price is 475

Extra: you can find the cost of the washer by using x+53 = 475+53 = 528

4 0
3 years ago
Many students brag that they have more than 150 friends on a social media website. For a class​ project, a group of students ask
kvv77 [185]

Answer:

Step-by-step explanation:

The question is incomplete. The missing data is:

30, 155, 205, 235, 180, 235, 70, 250, 135, 145, 225, 230, 30

Solution:

Mean = (30 + 155 + 205 + 235 + 180 + 235 + 70 + 250 + 135 + 145 + 225 + 230 + 30)/13 = 163.5

Standard deviation = √(summation(x - mean)²/n

n = 13

Summation(x - mean)² = (30 - 163.5)^2 + (155 - 163.5)^2 + (205 - 163.5)^2+ (235 - 163.5)^2 + (180 - 163.5)^2 + (235 - 163.5)^2 + (70 - 163.5)^2 + (250 - 163.5)^2 + (135 - 163.5)^2 + (145 - 163.5)^2 + (225 - 163.5)^2 + (230 - 163.5)^2 + (30 - 163.5)^2 = 73519.25

Standard deviation = √(73519.25/13) = 75.2

We would set up the hypothesis test. This is a test of a single population mean since we are dealing with mean

For the null hypothesis,

µ ≤ 150

For the alternative hypothesis,

µ > 150

It is a right tailed test.

a) Since the number of samples is small and no population standard deviation is given, the distribution is a student's t.

Since n = 13,

Degrees of freedom, df = n - 1 = 13 - 1 = 12

t = (x - µ)/(s/√n)

Where

x = sample mean = 163.5

µ = population mean = 150

s = samples standard deviation = 75.2

t = (163.5 - 150)/(75.2/√13) = 0.65

The lower the test statistic value, the higher the p value and the higher the possibility of accepting the null hypothesis.

b) We would determine the p value using the t test calculator. It becomes

p = 0.26

Since alpha, 0.05 < than the p value, 0.26, then we would fail to reject the null hypothesis. Therefore, At a 5% level of significance, the sample data does not show significant evidence that the mean number of friends for the student population at the college who use the social media website is larger than 150.

c)

1.The test statistic value is the difference between the sample mean and the null hypothesis value.

4 0
3 years ago
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