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A savings account earns 7.2 (APR) compounded monthly, so it earns 0.6% each month. Cooper has $1500 in the account now. if he de

iragen [17]

Answer-

Cooper will receive $12.00 at the end of the month.

Solution-

Cooper has $1500 in the account now and he deposits an additional $500 at the beginning of the month.

So the total principal becomes 1500+500 = $2000

Given here,

APR = annual percentage rate = 7.2%

But as we have to calculate the monthly interest, so monthly interest rate would be $=\dfrac{7.2}{12}=0.6\%$

Time period = 1 month

So, the interest after 1 month will be,

$\text{interest}=\dfrac{\text{Principal}\times \text{Rate of interest}\times \text{Time period}}{100}$

$=\dfrac{2000\times 0.6\times 1}{100}$

$=\$12.00$

Therefore, Cooper will receive $12.00 at the end of the month.

7 0

3 years ago

Read 2 more answers

In a random sample of students who took the SAT test, 427 had paid for coaching courses and the remaining 2733 had not. Calculat

Dvinal [7]

Answer:

The 95% confidence interval for the proportion of students who get coaching on the SAT is (0.1232, 0.147).

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 z-score that has a p-value of $1 - \frac{\alpha}{2}$ .

427 had paid for coaching courses and the remaining 2733 had not.

This means that $n = 427 + 2733 = 3160, \pi = \frac{427}{3160} = 0.1351$

95% confidence level

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

The lower limit of this interval is:

$\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.1351 - 1.96\sqrt{\frac{0.1351*0.8649}{3160}} = 0.1232$

The upper limit of this interval is:

$\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.1351 + 1.96\sqrt{\frac{0.1351*0.8649}{3160}} = 0.147$

The 95% confidence interval for the proportion of students who get coaching on the SAT is (0.1232, 0.147).

8 0

3 years ago

PLEASE HELP ANYONE.....

irga5000 [103]

Answer:

the awnser should have is. b

8 0

3 years ago

Read 2 more answers

1. Is triangle P’Q’R larger or smaller than triangle PQR? Explain how you know

Salsk061 [2.6K]

Answer:

The length of the line is PQ as this line is parallel to the x - axis. So, the length of the line is the summation of 10 from second quadrant and 20 from first quadrant. So, the sum is 30. Hence the length of the line is 30 units.

Step-by-step explanation:

The length of a line segment can be measured by measuring the distance between its two endpoints. It is the path between the two points with a definite length that can be measured. Explanation: On a graph, the length of a line segment can be found by using the distance formula between its endpoints.

7 0

3 years ago

Can someone please give me the (Answers) to this? ... please ...

Lady bird [3.3K]

Answer:

1a) Obtuse

1b) Alternate inner angles

1c) x = 101 degrees

2a) Obtuse

2b) Alternate outer angles

2c) x = 147 degrees

Step-by-step explanation:

I hoped these helped. If possible, may I have brainliest :)

4 0

3 years ago