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notka56 [123]
2 years ago
14

Bank A is lending money at 6.4% interest compounded annually. The rate at Bank B is 6.3% compounded monthly, and the rate at Ban

k C is 6.35% compounded daily. Determine the amount of interest you would earn at each bank if you invest $1500 for 12 months.Which bank will you pay the least amount?
Mathematics
1 answer:
Ad libitum [116K]2 years ago
8 0

Answer:

$1596

$1597.28

$1598.33

bank A

Step-by-step explanation:

The formula for calculating compound interest:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding

Bank A = $1500(1.064) = $1596

Bank B = $1500( 1 + 0.063/12)^12 = 1597.28

Bank C = $1500( 1 + 0.0635/365)^365 = $1598.33

Bank A pays the least amount of interest

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Find the linear regression equation for the transformed data. x=1,2,3,4,5 y=13,19,37,91,253 log y=1.114,1.279,1.568,1.959,2,403
Talja [164]

Answer:

The answer is OPTION (D)log(y)=0.326x+0.687

<h2>Linear regression:</h2>

It is a linear model, e.g. a model that assumes a linear relationship between the input variables (x) and the single output variable (y)

The Linear regression equation for the transformed data:

We transform the predictor (x) values only. We transform the response (y) values only. We transform both the predictor (x) values and response (y) values.

(1, 13) 1.114

(2, 19) 1.279

(3, 37) 1.568

(4, 91) 1.959

(5, 253) 2.403

X            Y           Log(y)

1              13           1.114

2             19         1.740

3             37        2.543

4             91        3.381

5            253      4.226

Sum of X = 15

Sum of Y = 8.323

Mean X = 3

Mean Y = 1.6646

Sum of squares (SSX) = 10

Sum of products (SP) = 3.258

Regression Equation = ŷ = bX + a

b = SP/SSX = 3.26/10 = 0.3258

a = MY - bMX = 1.66 - (0.33*3) = 0.6872

ŷ = 0.3258X + 0.6872

The graph is plotted below:

The linear regression equation is  log(y)=0.326x+0.687

Learn more about Linear regression equation here:

brainly.com/question/3532703

#SPJ10

6 0
2 years ago
Tyler had $65.40 in his checking account. Then he wrote checks on the account for $20.38, $11.48, and $19.50. What is the balanc
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money going out (20.38+11.48+19.50) =51.36

balance - out = new balance

65.40-51.36 =

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new balance =  14.04

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Answer:

-5 + 3 = -2

Step-by-step explanation:

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$153

Step-by-step explanation:

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