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olchik [2.2K]
3 years ago
14

A new bank customer with ​$5,000 wants to open a money market account. The bank is offering a simple interest rate of ​1.8%.

Mathematics
1 answer:
Triss [41]3 years ago
6 0

Answer:

a) 900 dollars

b) 5900 dollars

Step-by-step explanation:

The complete question is

A new bank customer with $5,000 wants to open a money market account. The bank is offering a simple interest rate of 1.8%. a. How much interest will the customer earn in 10 years? b. What will the account balance be after 10 years?

solution

a) The simple interest SI = P*R*T

Where P is the principal amount

R is the rate of interest and

T is the time period

Substituting the given values, we get -

SI

= 5000 *\frac{1.8}{100} *10\\= 900 dollars

b) Amount is the sum of Principal and simple interest

A = 5000 + 900 = 5900 dollars

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At the end of the summer, Caitlin had saved $120 from her summer job. This was her initial deposit into a new saving account at
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120.

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She adds $5 to her account each week. If 0 weeks have gone by, then her account hasn't changed.

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We have a study involving 5 different groups that each contain 9 participants (45 total). What two degrees of freedom would we r
vivado [14]

Answer:

Degree of freedoms F(4,40)

Step-by-step explanation:

Given:

There is a study which is involving 5 different groups that each contains 9 participants (totally 45)

The objective is to calculate the degree of freedoms

Formula used:

Numerator degree of freedom = k-1

denominator degree of freedom=N-K

Solution:

Numerator degree of freedom = k-1

denominator degree of freedom=N-K

Where,

K= number of groups = 5

N= total number of observations

which is given as follows,

N=45

Then,

Numerator degree of freedom = k-1

=5-1

=4

Denominator degree of freedom = N-K

=45-5

=40

Therefore,

Degree of freedoms, F(4,40)

7 0
3 years ago
A company is selling toothpicks. It costs $0.01 to produce each toothpick and a fixed cost of $60 a month for the company. If th
Lapatulllka [165]

Answer:

6,000 toothpicks

Step-by-step explanation:

In this question, we are trying to evaluate the number of toothpicks a company must sell to ensure that the money spent on production is exactly equal to revenue from sales.

What we do is this!

Let’s assign a variable to represent the number of tooth picks sold and produced by the company. Let us call this number x.

First, we evaluate the total amount spent on production of x toothpicks. From the question, we can see that the cost of producing a single toothpick is $0.01, hence, to produce x toothpicks, amount spent asides the fixed cost is $0.01 * x = $0.01x

Now, the total cost on production which includes the fixed cost of the company would be $(0.01x + 60). This is the total amount spent to produce the goods.

Now revenue from sales for x toothpicks at $0.02 each is $0.02x

Since we are looking to Breakeven, we equate the costs to the revenue.

0.01x + 60 = 0.02x

0.02x-0.01x = 60

0.01x = 60

x = 60/0.01 = 6,000 toothpicks

6 0
3 years ago
NEED ANSWER ASAP- FOR FINALS
blagie [28]

Answer:

Width - 12ft  Length - 30ft

Step-by-step explanation:

Width is 12ft

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Depth is 6ft

The length, 30ft, is 2.5 times longer than the width which is 12 ft which confirms the two dimensions to be correct.

When you multiply all three of the dimensions of the swimming pool you will get 2940 cubic feet

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3 years ago
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