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ladessa [460]
3 years ago
15

Aubree invested $27,000 in an account paying an interest rate of 0.0825% compounded monthly. Addison invested $27,000 in an acco

unt paying an interest rate of 0.08625 % compounded continuously. After 20 years, how much more money would Addison have in her account than Aubree, to the nearest dollar?
Mathematics
1 answer:
deff fn [24]3 years ago
7 0

Answer:

A = $27,445.50

Step-by-step explanation:

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 0.0825%/100 = 0.000825 per year.

Solving our equation:

A = 27000(1 + (0.000825 × 20)) = 27445.5

A = $27,445.50

The total amount accrued, principal plus interest, from simple interest on a principal of $27,000.00 at a rate of 0.0825% per year for 20 years is $27,445.50.

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Step-by-step explanation:

G = (z-s) ÷ r

G × r = (z- s)

Gr + s = z

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3 years ago
ASSAAAPPPP PLZ ANSWER THESE TWO QUESTIONS 33 POINTS
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Answer:

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Step-by-step explanation:

4 0
3 years ago
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a garden is in the shape of a square with a perimeter of 60 feet. the garden is surrounded by two fences. one fence is around th
Anon25 [30]

Answer: The total cost of the fences=$165.6

Step-by-step explanation:

Let a = the length of the side if the square.

The perimeter of the square is 60 ft

                                   4a = 60ft

divide both sides by

                                  4a = 60/4

                                    a = 15 ft

The garden is surrounded by two fences, one fence is around the perimeter of the garden, whereas the second fence is 3 feet from the first fence on the outside

Expand to get:

                               4*a + 4(a + 2*3)

Replace a with 15 to get:

                         =  4*15 + 4(15 + 6) 60 + 4(21) 60+84

                         = 144ft

The cost of the fence is $1.15 per foot

The cost of 144 ft fence will be:

                       = 144*1.15

                       = $165.6

Learn more about event correlation here: brainly.com/question/1333555

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7 0
1 year ago
Point K is located at (1.5) on the coordinate plane. Point K is reflected over the Z-
Setler79 [48]

Answer:

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Step-by-step explanation:

6 0
3 years ago
It is known that the population variance equals 484. With a .95 probability, the sample size that needs to be taken to estimate
Hitman42 [59]

Answer:

The minimum sample size is n = 75 so that the desired margin of error is 5 or less.                          

Step-by-step explanation:

We are given the following in the question:

Population variance = 484

Standard deviation =

\sigma^2 = 484\\\sigma =\sqrt{484} = 22

Confidence level = 0.95

Significance level = 0.05

Margin of error = 5

Formula:

Margin of error =

E = z\times \dfrac{\sigma}{\sqrt{n}}\\\\n = (\dfrac{z\times \sigma}{E})^2

z_{critical}\text{ at}~\alpha_{0.05} = 1.96

Putting values, we get

E\leq 5\\\\1.96\times \dfrac{22}{\sqrt{n}} \leq 5\\\\\sqrt{n} \geq 1.96\times \dfrac{22}{5}\\\\n \geq (1.96\times \dfrac{22}{5})^2\\\\n \geq 74.373

Thus, the minimum sample size is n = 75 so that the desired margin of error is 5 or less.

3 0
3 years ago
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