1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BabaBlast [244]
2 years ago
15

Gregory may choose between two accounts in which to invest $5000. Account A offers 2.3% annual interest compounded monthly. Acco

unt B offers continuous compound interest. Greg plans to leave his investment untouched (no further deposits and no withdrawals) for 10 years.
need help calculating account b's balance​
Mathematics
2 answers:
Aleksandr [31]2 years ago
5 0

Answer:

Step-by-step explanation:

gladu [14]2 years ago
4 0

Answer:

see below

Step-by-step explanation:

principal = $5,000

interest rate = 2.3%

account A: compound monthly for 10 years

account B: compound continuously for 10 years

account A: compound monthly for 10 years

A = P (1 + r/12)^ r*t

 = $5,000 (1 + .023/12)^ 12(10)

= $6,291.6

account B: compound continuously for 10 years

FVn = PV * e^r*t

      = $5,000 * e ⁽⁰ ⁰²³ˣ¹⁰⁾

      = $6,293

Gregory may chose account B. (but the difference is only $1.40)

You might be interested in
Find the mode of the data.<br> 1, 2, 1, 3, 3, 4, 1<br> The mode is
drek231 [11]

Answer:

1 is the answer.

Step-by-step explanation:

The mode of a data set is the number that occurs most frequently in the set.

5 0
2 years ago
Read 2 more answers
HURRY BRAINLIEST AND 40 POINTS!!!
grandymaker [24]

Answer:

The answer is the first one and the last one.

Step-by-step explanation:

If an account cost $1 and each song is 1.5x. It has to be less than or equal to 25. So it would be $1 for (the account plus) 1.5x for (how many songs he buys) is less than or equal to 25 (the ammount on the gift card).

8 0
2 years ago
Read 2 more answers
If angle P measures 50 degrees, what is the measure of angle Q?
dolphi86 [110]

Answer:

130 degrees

Step-by-step explanation:

Since angles P and Q are supplementary (meaning that they add up to 180), we can set up the equation:

180 = 50 + Q

Q = 130

3 0
2 years ago
Read 2 more answers
There are 20 classrooms in the high school with 30 students in each class. How many students are in the school?​
Sophie [7]
<h2>Required Answer:</h2>

\Large{\boxed{\tt{600 \:  Students}}}

<h2 /><h2>Question:</h2>

  • There are 20 classrooms in the high school with 30 students in each class. How many students are in the school?
<h2>To find:</h2>
  • No. of students
<h2>Given:</h2>
  • Total no. of classrooms = 20
  • students in each class= 30
<h2>Answer:</h2>
  • Total no. of students in school= Total no. of classrooms×students in each class
  • Total no. of students in school=20×30
  • Total no. of students in school=600

best of luck! ^_^

8 0
3 years ago
Read 2 more answers
In the Salk vaccine field trial, 400,000 children were part of a randomized controlled double-blind experiment. Just about half
EastWind [94]

Answer:

Step-by-step explanation:

From the given information:

The number of children that were randomly allocated to each vaccination group; n₁ = 200,000

No of polio cases X₁ = 57

Now, in the vaccine group:

the proportion of polio cases is:

\hat p_1 = \dfrac{57}{200000}

=  0.000285

The number of children that were randomly allocated to the placebo group, n₂ = 200,000

No of polio cases X₂ = 142

In the placebo group

the proportion of polio cases is:

\hat p_2 = \dfrac{142}{200000}

Null and alternative hypothesis is computed as follows:

H₀: There is no difference in the proportions of polio cases between both groups.  

H₁: There is a difference in the proportions of polio cases between both groups.

Let assume that the level of significance ∝ = 0.05

The test statistic  can be computed as:

Z = \dfrac{\hat p_1-\hat p_2}{\sqrt{\dfrac{\hat p_1 \hat q_1}{n_1}+ \dfrac{\hat p_2 \hat q_2}{n_2}}}

Z = \dfrac{0.000285-0.000710}{\sqrt{\dfrac{0.000285(1-0.000285)}{200000}+ \dfrac{0.000710(1-0.000710)}{200000}}}

Z = \dfrac{-4.25\times 10^{-4}}{\sqrt{\dfrac{0.000285(0.999715)}{200000}+ \dfrac{0.000710(0.99929)}{200000}}}

Z = - 6.03

P-value =  2P(Z < -6.03)

From the Z - tables

P-value =  2 × 0.0000

= 0.000

We reject the H₀ provided that P-value is very less.

Therefore, we may conclude that there is a difference in the proportions of polio cases between the vaccine group and placebo group not due to chance.

7 0
2 years ago
Other questions:
  • Calculate 6¾% tax on $2,305 a.$15.56 b.$145,22 c.$146,14 d.$155,59.
    14·1 answer
  • A manufacturer finds it costs him x + 5x + 7 dollars to produce x tons of an item. At 2 production levels above 3 tons, he must
    12·1 answer
  • Which algebraic expression represents the phrase “two times the quantity of a number minus 12”?
    6·1 answer
  • Jonah need 28 seconds to fold 2 how long dose Jonah need to fold 5 shirts
    12·2 answers
  • Answer it fast please​
    9·1 answer
  • a right triangle has a hypotenuse of length 2 inches. if one angle is 38°, find the length of each leg
    15·1 answer
  • Which is the better buy?​
    9·1 answer
  • a Draw a line representing the "rise" and a line representing the "run" of the line. State the slope of the line in simplest for
    7·1 answer
  • Can someone explain how you find the percent of a number? Im very confused ‍
    11·1 answer
  • Enter the distance, in units, between point A and point B <br><br> (Don’t sent me links pls
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!