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12345 [234]
2 years ago
11

A new bank customer with ​$2,000 wants to open a money market account. The bank is offering a simple interest rate of ​%1.1a. Ho

w much interest will the customer earn in 10 ​years? b. What will the account balance be after 10 ​years?
Mathematics
1 answer:
Goshia [24]2 years ago
5 0

Answer:

$2220

Step-by-step explanation:

Step one

Given data

Principal= $2000

rate= 1.1%= 0.011

time= 10 years

<u>Required</u>

<u>The final amount A</u>

Step two;

For simple interest, the final amount is given as

A=P(1+rt)

substitute

A=2000(1+0.011*10)

A=2000(1+0.11)

A=2000(1.11)

A=2220

$2220

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Help WHERE DID THE 10 come from
kkurt [141]

Step-by-step explanation:

It came from nowhere.  It makes no sense to add up the balance numbers.  To illustrate, let's use a different example:

\left[\begin{array}{cc}Spend&Balance\\100&400\\100&300\\100&200\\100&100\\100&0\end{array}\right]

Adding up the money you spent, and you get $500.  Add up the balances, and you get $1000.  But why would you add the balances?  The 300 in the second line is included in the 400 in the first line.  You can't add them together.  You'd be counting the 300 twice.

7 0
3 years ago
1) Use Newton's method with the specified initial approximation x1 to find x3, the third approximation to the root of the given
neonofarm [45]

Answer:

Check below, please

Step-by-step explanation:

Hello!

1) In the Newton Method, we'll stop our approximations till the value gets repeated. Like this

x_{1}=2\\x_{2}=2-\frac{f(2)}{f'(2)}=2.5\\x_{3}=2.5-\frac{f(2.5)}{f'(2.5)}\approx 2.4166\\x_{4}=2.4166-\frac{f(2.4166)}{f'(2.4166)}\approx 2.41421\\x_{5}=2.41421-\frac{f(2.41421)}{f'(2.41421)}\approx \mathbf{2.41421}

2)  Looking at the graph, let's pick -1.2 and 3.2 as our approximations since it is a quadratic function. Passing through theses points -1.2 and 3.2 there are tangent lines that can be traced, which are the starting point to get to the roots.

We can rewrite it as: x^2-2x-4=0

x_{1}=-1.1\\x_{2}=-1.1-\frac{f(-1.1)}{f'(-1.1)}=-1.24047\\x_{3}=-1.24047-\frac{f(1.24047)}{f'(1.24047)}\approx -1.23607\\x_{4}=-1.23607-\frac{f(-1.23607)}{f'(-1.23607)}\approx -1.23606\\x_{5}=-1.23606-\frac{f(-1.23606)}{f'(-1.23606)}\approx \mathbf{-1.23606}

As for

x_{1}=3.2\\x_{2}=3.2-\frac{f(3.2)}{f'(3.2)}=3.23636\\x_{3}=3.23636-\frac{f(3.23636)}{f'(3.23636)}\approx 3.23606\\x_{4}=3.23606-\frac{f(3.23606)}{f'(3.23606)}\approx \mathbf{3.23606}\\

3) Rewriting and calculating its derivative. Remember to do it, in radians.

5\cos(x)-x-1=0 \:and f'(x)=-5\sin(x)-1

x_{1}=1\\x_{2}=1-\frac{f(1)}{f'(1)}=1.13471\\x_{3}=1.13471-\frac{f(1.13471)}{f'(1.13471)}\approx 1.13060\\x_{4}=1.13060-\frac{f(1.13060)}{f'(1.13060)}\approx 1.13059\\x_{5}= 1.13059-\frac{f( 1.13059)}{f'( 1.13059)}\approx \mathbf{ 1.13059}

For the second root, let's try -1.5

x_{1}=-1.5\\x_{2}=-1.5-\frac{f(-1.5)}{f'(-1.5)}=-1.71409\\x_{3}=-1.71409-\frac{f(-1.71409)}{f'(-1.71409)}\approx -1.71410\\x_{4}=-1.71410-\frac{f(-1.71410)}{f'(-1.71410)}\approx \mathbf{-1.71410}\\

For x=-3.9, last root.

x_{1}=-3.9\\x_{2}=-3.9-\frac{f(-3.9)}{f'(-3.9)}=-4.06438\\x_{3}=-4.06438-\frac{f(-4.06438)}{f'(-4.06438)}\approx -4.05507\\x_{4}=-4.05507-\frac{f(-4.05507)}{f'(-4.05507)}\approx \mathbf{-4.05507}\\

5) In this case, let's make a little adjustment on the Newton formula to find critical numbers. Remember their relation with 1st and 2nd derivatives.

x_{n+1}=x_{n}-\frac{f'(n)}{f''(n)}

f(x)=x^6-x^4+3x^3-2x

\mathbf{f'(x)=6x^5-4x^3+9x^2-2}

\mathbf{f''(x)=30x^4-12x^2+18x}

For -1.2

x_{1}=-1.2\\x_{2}=-1.2-\frac{f'(-1.2)}{f''(-1.2)}=-1.32611\\x_{3}=-1.32611-\frac{f'(-1.32611)}{f''(-1.32611)}\approx -1.29575\\x_{4}=-1.29575-\frac{f'(-1.29575)}{f''(-4.05507)}\approx -1.29325\\x_{5}= -1.29325-\frac{f'( -1.29325)}{f''( -1.29325)}\approx  -1.29322\\x_{6}= -1.29322-\frac{f'( -1.29322)}{f''( -1.29322)}\approx  \mathbf{-1.29322}\\

For x=0.4

x_{1}=0.4\\x_{2}=0.4\frac{f'(0.4)}{f''(0.4)}=0.52476\\x_{3}=0.52476-\frac{f'(0.52476)}{f''(0.52476)}\approx 0.50823\\x_{4}=0.50823-\frac{f'(0.50823)}{f''(0.50823)}\approx 0.50785\\x_{5}= 0.50785-\frac{f'(0.50785)}{f''(0.50785)}\approx  \mathbf{0.50785}\\

and for x=-0.4

x_{1}=-0.4\\x_{2}=-0.4\frac{f'(-0.4)}{f''(-0.4)}=-0.44375\\x_{3}=-0.44375-\frac{f'(-0.44375)}{f''(-0.44375)}\approx -0.44173\\x_{4}=-0.44173-\frac{f'(-0.44173)}{f''(-0.44173)}\approx \mathbf{-0.44173}\\

These roots (in bold) are the critical numbers

3 0
3 years ago
Betsy and 3 of her friends are splitting a whole watermelon. There are 6 circular slices of watermelon. How many slices of water
ycow [4]
So you are going to do 3 divided by 6
6 0
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Vinvika [58]

Answer:

Domain : ( -3 , 4.5 )

Step-by-step explanation:

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3 years ago
I need some help with this math question
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