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defon
3 years ago
5

A bank offers a CD that pays a simple interest rate of 10.5​%. How much must you put in this CD now in order to have ​$1500 for

a​ home-entertainment center in 2 years.
Mathematics
1 answer:
victus00 [196]3 years ago
4 0

Answer:

Required amount is $1239.669

Step-by-step explanation: Let P be the required amount. Given that

P + SI = 1500 .... (i)

We know that simple interest

SI=\frac{PRT}{100}.

Given R = 10.5, T = 2. So,

SI=\frac{P\times 10.5\times 2}{100}=\frac{21P}{100}

Put in equation (i) we get

P+\frac{21P}{100}=1500

\frac{121P}{100}=1500

P=\frac{1500\times 100}{121}=\$1239.669

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National data indicates that​ 35% of households own a desktop computer. In a random sample of 570​ households, 40% owned a deskt
Elan Coil [88]

Answer:

Yes, this provide enough evidence to show a difference in the proportion of households that own a​ desktop.

Step-by-step explanation:

We are given that National data indicates that​ 35% of households own a desktop computer.

In a random sample of 570​ households, 40% owned a desktop computer.

<em><u>Let p = population proportion of households who own a desktop computer</u></em>

SO, Null Hypothesis, H_0 : p = 25%   {means that 35% of households own a desktop computer}

Alternate Hypothesis, H_A : p \neq 25%   {means that % of households who own a desktop computer is different from 35%}

The test statistics that will be used here is <u>One-sample z proportion</u> <u>statistics</u>;

                                  T.S.  = \frac{\hat p-p}{{\sqrt{\frac{\hat p(1-\hat p)}{n} } } } }  ~ N(0,1)

where, \hat p = sample proportion of 570​ households who owned a desktop computer = 40%

            n = sample of households = 570

So, <u><em>test statistics</em></u>  =  \frac{0.40-0.35}{{\sqrt{\frac{0.40(1-0.40)}{570} } } } }

                               =  2.437

<em>Since, in the question we are not given with the level of significance at which to test out hypothesis so we assume it to be 5%. Now at 5% significance level, the z table gives critical values of -1.96 and 1.96 for two-tailed test. Since our test statistics doesn't lies within the range of critical values of z so we have sufficient evidence to reject our null hypothesis as it will fall in the rejection region due to which we reject our null hypothesis.</em>

Therefore, we conclude that % of households who own a desktop computer is different from 35%.

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3 years ago
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Zielflug [23.3K]
The answer is B. y =  0.75 + 2.25. because i've done this assement.

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4 years ago
14/5 + - 4/3 =<br><br> Adding and Subtracting Fractions.
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Answer:

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3 years ago
Which expression is equivalent to 4.35 - 5.5?
Drupady [299]

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Step-by-step explanation:  

4.35 - 5.5= -1.15

The equivalent equation to 4.35 - 5.5 will be,

-1.15 ≈ - (23÷20)

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