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olchik [2.2K]
2 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]2 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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A local salesman receives a base salary of $975 monthly. He also receives a commission of 7% on all sales over $1250. How much w
slava [35]

Answer:

  $17,321.43

Step-by-step explanation:

The amount of monthly income from commissions would have to be ...

  $2100 -975 = $1125

This is 7% of sales over $1250, so the sales (s) would need to be ...

  1125 = 0.07(s -1250)

  1125 = .07s -87.50 . . eliminate parentheses

  1212.50 = 0.07s . . . . add 87.50

  17,321.43 = s . . . . . . . divide by 0.07

He would have to sell $17,321.43 in a month if he needed an income of $2100.

8 0
3 years ago
When using the binomial formula, which of the following is a correct step in the expansion of (x+y)^4 ?
avanturin [10]
Here is the expansion of <span>(x + y)n </span><span>for </span><span>n = 0, 1,…, 5</span><span> :</span>

<span>(x + y)0 = 1</span> 
<span>(x + y)1 = x + y </span>
<span>(x + y)2 = x 2 +2xy + y 2 </span>
<span>(x + y)3 = x 3 +3x 2 y + 3xy 2 + y 3 </span>
<span>(x + y)4 = x 4 +4x 3 y + 6x 2 y 2 +4xy 3 + y 4 </span>
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7 0
3 years ago
he pulse rates of 179 randomly selected adult males vary from a low of 43 bpm to a high of 115 bpm. Find the minimum sample size
malfutka [58]

Answer:

97

Step-by-step explanation:

Given that:

Low = 43bpm

High = 115 bpm

Error = 3

α = 90%

To find the range estimate :

Standard destviation = (high - low) / 4

Standard deviation = (115 - 43) / 4

Standard deviation = 72/4 = 18

The sample size,(n) :

n = [(Zα/2 * sd)/E] ²

2 - tail = (Zα/2) = 1.645

[(Zα/2 * sd)/E] ² = [(1.645 * 18) / 3]² = (29.61/3)²

= 97.41

Sample size = 97

5 0
3 years ago
90,854 seconds equals how many days
bearhunter [10]

Answer:

1.0515509 Days

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
AB=25 , BD=4, Solve for the radius?<br> Please help!!!!!
Alex787 [66]

9514 1404 393

Answer:

  r = 14.5

Step-by-step explanation:

AD is the perpendicular bisector of chord EC, so is the diameter of the circle. The radius is half the diameter.

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  r = 14.5

__

Segments BE and BC are 10 = √(25·4)

4 0
2 years ago
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