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11111nata11111 [884]
3 years ago
5

Jeff's father is planning to open a savings account to pay for Jeff's college education. He has found a bank that will pay 5 per

cent interest compounded daily. How much will he need to deposit initially so that in 14 years the balance will be $199,000?
Mathematics
1 answer:
jeka57 [31]3 years ago
5 0

Answer:

P = $183.14

Step-by-step explanation:

Given:

Rate of interest = 5% daily =0.05

Number of year = 14

Balance = $199,000

Computation:

Assume;

Number of days in a year = 365

199,000 = p[1+(0.05/365)]¹⁴⁽³⁶⁵⁾

199,000 = p[1+(0.001369)⁵¹¹⁰

199,000 = p[1086.59]

P = $183.14

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A telemarketing firm is monitoring the performance of its employees based on the number of sales per hour. One employee had the
Len [333]

Answer:

First quartile = 3.5

Third quartile = 6.5

Step-by-step explanation:

Sales for last 20 hours :

3, 4, 5, 5, 6, 7

Using the data given :

The first quartile, Q1 ;

Q1 = 1/4(n+1)th term

n = 6

Q1 = 1/4(6 + 1)th term

Q1 = 7/4 = 1.75 th term

(3 + 4) / 2 = 7/2 = 3.5

The third quartile, Q3:

Q3 = 3/4(n+1)th term

n = 6

Q3 = 3/4(6 + 1)th term

Q3 = 21/4 = 5.25th term

(5th + 6th) term / 2

(6 + 7) / 2 = 13/2 = 6.5

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3 years ago
has a $50 bill and wants to buy a pair of shoes for $48. If the sales tax is 6% how much more does she need to buy the shoes?
adelina 88 [10]

Answer:

He will ned 1 dollar more

Step-by-step explanation:

50x.06=3 so that is the sales tax subtract it by 2 and he will need 1 more dollar

3 0
3 years ago
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Mike has $136 to spend at the amusement park.he spends 25%of that money on his ticket into the park.how much does mike have left
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Answer:

102

Step-by-step explanation:


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Graph a line that is parallel to the given line. Determine the slope ofthe given line and the one you graphed in simplest form.
Daniel [21]

original slope = -4/3

parallel slope = -4/3

Explanation:

For a line to be parallel to anpother line, the slope of both lines must be equal.

We need to find the slope of the given line by picking any two points on the line.

Using points (-6, 5) and (0, -3)

slope formula:

m\text{ = }\frac{y_2-y_1}{x_2-x_1}\begin{gathered} x_1=-6,y_1=5,x_2=0,y_2\text{ = -}3 \\ \text{slope = m= }\frac{-3-5}{0-(-6)}=\frac{-8}{0+6} \\ m\text{ = -8/6} \\ m\text{ = -4/3} \end{gathered}

The equation of the given line: y = mx + b

b = y-intercept = -3

y = -4/3x - 3

The equation line parallel to the one above could be:

y = -4/3 x + 7

This because the slope are the same

original slope = -4/3

parallel slope = -4/3

plotting the graph of the lline parallel to the first one:

3 0
1 year ago
Someone please help me in algebra
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