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Svetlanka [38]
3 years ago
8

Otis has saved $18,500 so far to buy a house. He can put this amount into account that earns 5.1% simple interest, or another wi

th 5.1% compounded annually. Which method of earning interest should he choose simpler compound and how much more interest will the account earn using that method after four years?
F. Compound interest $15,106.30
G. Simple interest $15,106.30
H. Simple interest $298.65
J. Compound interest $298.65
Mathematics
1 answer:
Troyanec [42]3 years ago
8 0

Answer:

J Compound interest; $298.65

Step-by-step explanation:

Interest compounding pays interest on the interest. For the same annual rate, any amount of compounding will earn more interest.

For short time periods, the effect of compounding is not great. In general, it will be a fraction of the equivalent simple interest rate. Here, the effective multiplier for annual compounding is ...

  1.051^4 = 1.22024337

and the effective multiplier for simple interest is ...

  1 +0.051·4 = 1.204

Then the difference in interest rate multiplier for the 4-year period is ...

  1.22024337 -1.204 = 0.01614337

That fraction of the $18500 principal is $298.65.

Compound interest earns $298.65 more than simple interest in this scenario.

Hope this helps, have an amazing day!

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Naddika [18.5K]

\qquad\qquad\huge\underline{{\sf Answer}}♨

Let's solve for x ~

\qquad \sf  \dashrightarrow \:4x - 16 = 64

\qquad \sf  \dashrightarrow \:4(x - 4) = 64

\qquad \sf  \dashrightarrow \:(x - 4) = 64 \div 4

\qquad \sf  \dashrightarrow \:x - 4 = 16

\qquad \sf  \dashrightarrow \:x  = 16 + 4

\qquad \sf  \dashrightarrow \:x  =20

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Suppose that we are testing a coin to see if it is fair, so our hypotheses are: H0: p = 0.5 vs Ha: p ≠ 0.5. In each of (a) and (
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Answer:

H_0: p = 0.5\\H_a: p \neq 0.5

a. We get 56 heads out of 100 tosses.

We will use one sample proportion test  

x = 56

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                                       =1.2

refer the z table for p value

p value = 0.8849

a.  We get 560 heads out of 1000 tosses.

We will use one sample proportion test  

x = 560

n = 1000

\widehat{p}=\frac{x}{n}

\widehat{p}=\frac{560}{1000}

\widehat{p}=0.56

Formula of test statistic =\frac{\widehat{p}-p}{\sqrt{\frac{p(1-p)}{n}}}

                                       =\frac{0.56-0.5}{\sqrt{\frac{0.5(1-0.5)}{1000}}}

                                       =3.794

refer the z table for p value

p value = .000148

p value of part B is less than Part A because part B have 10 times the number the tosses.

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2 years ago
Sixteen is seven plus three times a number find the number
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Problem 18

Answers:

~P -> Q: "if it is not fall, then the leaves change colors"

~P -> ~Q: "if it is not fall, then the leaves don't change colors"

P -> ~Q: "If it is fall, then the leaves don't change colors"

Q -> ~P: "If the leaves change colors, then it is not fall"

----------

Explanation:

Simply replace each letter with the corresponding definition. We replace each P with "it is fall" and each ~P with "it is not fall". The squiggly line means "not". The same idea applies with Q and ~Q.

==========================================

Problem 19

Answer: Choice A) 134

----------

Explanation:

AB = CD

8x = 4x+24

8x-4x = 24

4x = 24

x = 6

BC = 18x+26

BC = 18*6+26

BC = 134

==========================================

Problem 20

Answer: Choice C) x = 5 and y = 11

----------

Explanation:

(anglePQR)+(angleRQS) = 90

(12x-2)+(6x+2) = 90

18x = 90

x = 5

angle TQU = 90

10y-20 = 90

10y = 110

y = 11

==========================================

Problem 21

Answer:  99

----------

Explanation:

The remote interior angles add to the exterior angle (remote interior angle theorem)

(angle RPQ) + (angle PQR) = angle PRS

(3x-29) + (7x-42) = 6x-3

10x-71 = 6x-3

10x-6x = -3+71

4x = 68

x = 68/4

x = 17

angle PRS = 6x-3

angle PRS = 6*17-3

angle PRS = 99

==========================================

Problem 22

Answer: 116

----------

Explanation:

Refer to the diagram below.

Solve 105+x = 180 to get x = 75

Solve 135+y = 180 to get y = 45

Solve x+y+z = 180 to get z = 60

Solve z+82+p = 180 to get p = 38

Solve p+78+q = 180 to get q = 64

Solve q+r = 180 to get r = 116

==========================================

Problem 23

Answer: B) between 4 and 44 inches

----------

Explanation:

We use a variation of the triangle inequality theorem here.

If p is the missing side length, then

24-20 < p < 24+20

4 < p < 44

So,

4 < XY < 44

The side XY cannot be 4 inches and it cannot be 44 inches either.

==========================================

Problem 24

4 Answers: A, B, C, D

----------

Explanation:

Same idea as problem 23

24-10 < x < 24+10

14 < x < 34

So we'll select values between 14 and 34, excluding each endpoint. Those values are x = 16, 18, 24, 26

In other words, only 12 and 34 are non-answers.

==========================================

Problem 25

Answer: C) 84 degrees

----------

Explanation:

The given exterior angle is 152 degrees

Subtract that from 180 to get the adjacent interior angle 180-152 = 28

Now let's find the missing angle of triangle DEB

D+E+B = 180

28+68+B = 180

96+B = 180

B = 180-96

B = 84

This is the measure of angle DBE

This is also the measure of angle ABC because the two angles are vertical angles.

Vertical angles are always congruent.

4 0
3 years ago
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