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Ket [755]
3 years ago
13

Sheldon invests $15,000 in an account earning 3% interest, compounded annually for 12 years. Seven years after Sheldon's initial

investment, Howard invests $15,000 in an account earning 6% interest, compounded annually for 5 years. Given that no additional deposits are made, compare the balances of the two accounts after the interest period ends for each account. (round to the nearest dollar)
Mathematics
2 answers:
Romashka [77]3 years ago
5 0
Sheldon would have $21,386, while Howard would have $20,073.

The equation for each of these will be in the form
A=p(1+r)^t,

where A is the total amount in the account, p is the principal invested, r is the interest rate expressed as a decimal number, and t is the amount of time.

For Sheldon:
A=15000(1+0.03)¹²=15000(1.03)¹²=21386.41≈21386

For Howard:
A=15000(1+0.06)⁵=15000(1.06)⁵=20073.38≈20073
Aleksandr-060686 [28]3 years ago
5 0

Answer:

correct answer D

Step-by-step explanation:

Sheldon has $1,313 more in his account than Howard. hope you have a good day!! :))

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A Gallup Poll used telephone interviews to survey a sample of 1030 U.S. residents over the age of 18 regarding their use of cred
Vlada [557]

Answer:

The 95% margin of error for this estimate is 0.0274 = 2.74 percentage points.

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of \pi, and a confidence level of 1-\alpha, we have the following confidence interval of proportions.

\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}

In which

z is the zscore that has a pvalue of 1 - \frac{\alpha}{2}.

The margin of error is:

M = z\sqrt{\frac{\pi(1-\pi)}{n}}

95% confidence level

So \alpha = 0.05, z is the value of Z that has a pvalue of 1 - \frac{0.05}{2} = 0.975, so Z = 1.96.

72% of Americans said that they had at least one credit card

This means that p = 0.72

Give the 95% margin of error for this estimate.

M = z\sqrt{\frac{\pi(1-\pi)}{n}}

M = 1.96\sqrt{\frac{0.72*0.28)}{1030}} = 0.0274

The 95% margin of error for this estimate is 0.0274 = 2.74 percentage points.

7 0
4 years ago
Plz help me with this problem
zvonat [6]

Answer:

what is the problem

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
What is the measure of each angle? Show your work!
nalin [4]

Answer:

pos: 99.  Sor: 17.    roq: 64

Step-by-step explanation:

(5x+4)+(x-2)+(3x+7)=180

we add the angles to 180 because straight lines are equal to 180

5x+4+x-2+3x+7=180

5x+x+3x+4-2+7=180

9x+9=180

9x=

9x=171

x=19

then we plug x in

5(19)+4 +  (19)-2  +3(19)+7 = 180

angles (left right)

99.   17.     64.      

6 0
3 years ago
Use the information in the table below to answer the following question.
larisa [96]

Answer:

Step-by-step explanation:

Upton group totally

6 0
3 years ago
Read 2 more answers
I need the answers plz
garik1379 [7]

Answer:

These problems are an example of equations with two unknowns. The way these equations are solved is that we write these equations one under the another.

If both equations have, such is the case here, same parts, we can simply cancel the same parts out and subtract the rest of equatuons. That way, we are left with only one unknown (the other one was eliminated), which makes it easy to solve.

After we have found the value of an unknown, we just plug it back into any of the starting equations and solve for the second unknown.

2. Adult ticket costs $12 and child ticket costs $14.

3. Adult ticket costs $10 and child ticket costs $5.

4. One daylily costs $9 and one bush of ornamental grass costs $2.

5. A van can carry 15 and a bus can carry 56 students.

Step-by-step explanation:

2. If we mark the price of one adult ticket with x and the price of one child ticket with y, we get that:

- first day: 7x + 12y = $252

- second day: 7x + 10y = $224

Now, we can make a system:

7x + 12y = 252

7x + 10y = 224

We can now subtract these two equations and 7x will cancel out, so we get:

12y - 10y = 252 - 224

2y = 28

y = 14

Now, we can plug the value of y into any of the two equations:

7x + 10y = 224

7x + 140 = 224

7x = 84

x = 12

3. Similarly, if we mark the price of one adult ticket with x and the price of one child tickey with y, we'll get a system:

x + 12y = 70

x + 9y = 55

Again, if we subtract these two, x will cancel out, so we have:

12y - 9y = 70 - 55

3y = 15

y = 5

Now, we plug the value of y into any of the two equations, and we get:

x + 9y = 55

x + 45 = 55

x = 10

4. Using the same principle, we can mark the price of one daylily with x and the price of one bunch of ornamental grass with y, we'll get a system:

12x + 11y = 130

12x + 12y = 132

Again, we subtract so that 12x cancel out and we get:

11y - 12y = 130 - 132

-y = -2

If we get minuses on both sides, we can simply multiply both sides with -1 and we get:

y = 2

Again, we plug y:

12x + 12y = 132

12x + 24 = 132

12x = 108

x = 9

5. If we mark number of students in a van with x and the number of students in a bus with y, we get a system:

2x + 12y = 702

2x + y = 86

As you've probably already noticed the pattern, we subtract equations and cancel 2x out to get:

12y - y = 702 - 86

11y = 616

y = 56

Once again, we plug the value of y into any equation:

2x + y = 86

2x + 56 = 86

2x = 30

x = 15

4 0
3 years ago
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