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vova2212 [387]
3 years ago
5

Mathmerica Bank offers 2.1% interest compounded yearly

Mathematics
1 answer:
Scilla [17]3 years ago
6 0

Answer:

Total = 2,500 (1.021)^t

Step-by-step explanation:

There is no question but the formula for compound interest is

Total = amount (1 + rate)^time

Total = 2,500 (1.021)^t

You might be interested in
Question 5 Unsaved
Otrada [13]

We can use the compound interest formula

F=P(1+i)^n

where

F=Future value of investment to be found

P=present value of investment ($1000)

i=interest per period (1/4 year)=0.04/4=0.01

n=number of periods (3 years * 4 quarters = 12)


Substitute or "Plug in" values, so to speak,

F=1000*(1+0.01)^12

use a calculator to do the sum

=1126.83 (to the nearest cent, and use the proper rounding rules)



3 0
3 years ago
A cake mix calls for these ingredients. 2 cups of sugar 7 cups of flour 3 cups of milk 1 cup of oil Write the ratios of sugar to
Setler [38]

Answer:

Ratio of sugar and flour

2:7

Ratio of milk and oil

3:1

Step-by-step explanation:

Here in this question, we shall be writing ratios based on the given number of cups in the question.

We start with ratio of sugar to flour.

We have;2 cups of sugar and 7 cups of flour. Thus we have the ratio of sugar to flour as 2:7

Also we want the ratio of milk and oil

we have 3 cups of milk and 1 cup of oil

So the ratio of milk and oil is 3:1

5 0
3 years ago
Read 2 more answers
Please help PLEASE HELP
alexdok [17]

Answer:

15. 17.5 ft

16. XZY ~ RPQ only

Step-by-step explanation:

15. The figure shows you the height of the object is 5/6 the length of its shadow. Then the height of the tree will be (5/6)·21 ft = 17 1/2 ft.

__

16. Triangles are similar when they have all the same angles. In the given triangles, you have ...

angle X = angle R = 32° . . . . (no corresponding angle in the third triangle)

angle Z = angle P = 64°

angle Y = angle Q = 84°

The triangle vertices need to be named in the order in which they correspond, so we can say, for example, ...

triangle XZY ~ triangle RPQ

5 0
3 years ago
Find the length of side x to the nearest tenth.<br> 30°<br> 12<br> x<br> х<br> 60°
k0ka [10]

<u><em>Answer</em></u>:

13.9

<em><u>Step-by-step explanation:</u></em>

<em>Use the Pythagorean Theorem </em>

x=13.85 round to the nearest tenth 13.9

<em />

8 0
2 years ago
A data set includes data from 500 random tornadoes. The display from technology available below results from using the tornado l
lisov135 [29]

Answer:

The null and alternative hypothesis are:

H_0:\mu =2.6\\H_a:\mu >2.6

There is sufficient evidence to support the claim that the mean tornado length is greater than 2.6 miles

Step-by-step explanation:

Consider the provided information.

The claim that the mean tornado length is greater than 2.6 miles.

If there is no statistical significance in the test then it is know as the null which is denoted by H_0, otherwise it is known as alternative hypothesis which denoted by H_a.

Therefore, the required null and alternative hypothesis are:

H_0:\mu =2.6\\H_a:\mu >2.6

significance level α =0.05

From the given table the test statistic T=2.230166

P-value is 0.0131

0.0131<0.05

P value is less than the significance level, so reject the null hypothesis.

There is sufficient evidence to support the claim that the mean tornado length is greater than 2.6 miles

6 0
2 years ago
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