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Cloud [144]
2 years ago
6

Michael is planning to invest his 2,000 into a bank account between investment A with 8% simple interest or investment B with 6%

compound interest. He also plans to invest his money for 12 years. Which investment should be choose to get the biggest return​
Mathematics
1 answer:
Angelina_Jolie [31]2 years ago
3 0

The investment with the bigger return is investment B.

<h3>What is simple interest and compound interest?</h3>

Simple interest rate is the interest that is paid only on the principal portion of a loan. This means that the debtor does not pays interest on the interest rate already accrued. This differs from compound interest where the debt holder pays interest on the principal and the interest rate already accrued

<h3>What is the compound interest?</h3>

The formula for calculating future value:

FV = P (1 + r)^n

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

2000 x (1.06)^12 = $4024.39

Compound interest =  $4024.39 - $2000 =  $2024.39

<h3>What is the simple interest? </h3>

Simple interest = principal x time x interest rate

2000 x 0.08 x 12 = $1920

To learn more about future value, please check: brainly.com/question/18760477

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a sample size n=5 is selected from a population. under what conditions is the sampling distribution x normal?​
Korolek [52]

Answer:

Look below

Step-by-step explanation:

The mean of the sampling distribution always equals the mean of the population.

μxˉ​=μ

The standard deviation of the sampling distribution is σ/√n, where n is the sample size

σxˉ​=σ/n​

When a variable in a population is normally distributed, the sampling distribution of for all possible samples of size n is also normally distributed.

If the population is N ( µ, σ) then the sample means distribution is N ( µ, σ/ √ n).

Central Limit Theorem: When randomly sampling from any population with mean µ and standard deviation σ, when n is large enough, the sampling distribution of is approximately normal: ~ N ( µ, σ/ √ n ).

How large a sample size?

It depends on the population distribution. More observations are required if the population distribution is far from normal.

A sample size of 25 is generally enough to obtain a normal sampling distribution from a strong skewness or even mild outliers.

A sample size of 40 will typically be good enough to overcome extreme skewness and outliers.

In many cases, n = 25 isn’t a huge sample. Thus, even for strange population distributions we can assume a normal sampling distribution of the mean and work with it to solve problems.

6 0
2 years ago
Dan has 4 over 5 cup of ice cream. How many 1 over 8-cup servings are in 4 over 5 cup of ice cream?
snow_tiger [21]
4/5 ÷ 1/8 
6.4 servings of 1/8 will be in the cup
4 0
3 years ago
Read 2 more answers
Given that triangle LMN is<br> similar to triangle GJH, what is<br> the value of x?
inysia [295]

Answer:

x = 53

Step-by-step explanation:

Similar means that the corresponding angles are congruent (the same) - basically what this means is that ∠L ≅ ∠G, ∠M ≅ ∠J, and ∠N ≅ ∠H.

Since we know that the angle measures in a triangle should add up to 180 and we know the measures of ∠L and ∠M already, we can do

180 =  67 + 60 + N

So, N = 180 - (67 + 60) = 180 - 127 = 53.

Since ∠N ≅ ∠H, ∠H = 53.

4 0
2 years ago
Find the x-coordinates of the points where the graph crosses the x-axis.<br> y = (x - 3)(x + 8)
sleet_krkn [62]

Answer:

The x-coordinates of the points are x = 3 and x = - 8.

Step-by-step explanation:

We have to find the x-coordinates of the points where the graph of equation y = (x - 3)(x + 8) crosses the x-axis.

Now, the x-intercept of a function implies that y = 0 {Because on x-axis, y-value is zero}

Hence, (x - 3)(x + 8) = 0

⇒ (x - 3) = 0 and (x + 8) = 0

⇒ x = 3 and x = - 8

Therefore, the x-coordinates of the points are x = 3 and x = - 8. (Answer)

6 0
3 years ago
A climber on Mt Everest is 6000 meters from the start of his trail and at elevation 8000 meters above sea level. At x meters fro
sergeinik [125]

Answer:

h'(x) = 0.6 and Δx = 1 and 2

h(6001) = h(6000) + h'(6000)(1) = 8000 +0.6 = 8,000.6

h(6002) = h(6000) + h'(6000)(2) = 8000 + 0.6 (2) =8000 +1.2 = 8001.2

Explanation below:

Step-by-step explanation:

Based on the information given we have that when the climber is 6000 meters from the start, his elevation is 8000 meters above sea level.

We know that the function for elevation is given by h(x) where x is the number of meters from the start.

Therefore, h(6000) = 8000.

We also know that the derivative of a function tells us the reason of change at some point (or how fast a function is changing near that point). For this problem we have that h'(x) = 0.6. (<u>meaning that the elevation increases in 0.6 meters for every meter they hike further nearby the 6000 meters</u>)

We need to use the derivative at a point to estimate values of the function at nearby points

We're going to use h'(x)= 0.6. Δx= 1

h(6001) = h(6000) + h'(6000)(1) = 8000 +0.6 = 8,000.6

Therefore h (6001) = 8,000.6

Now for h'(x)= 0.6. Δx= 1

h(6002) = h(6000) + h'(6000)(2) = 8000 + 0.6 (2) =8000 +1.2 = 8001.2

Therefore h(6002) = 8001.2

6 0
3 years ago
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