Which of the following formulas shows how to calculate the ending balance of an account with a beginning balance of $600 that earns 3.5% compound interest over 8 years?

Answers

Answer 1

Answer:

[tex]A(t) = 600(1.035)^8[/tex]

The ending balance is of $790.1.

Step-by-step explanation:

Compound interest:

The amount of money earned after t years, in compound interest, is given by:

[tex]A(t) = A(0)(1+r)^{t}[/tex]

In which A(0) is the initial amount of money and r is the interest rate, as a decimal.

$600 that earns 3.5% compound interest over 8 years

This means, respectively, that:

[tex]A(0) = 600, r = 0.035, t = 8[/tex]

So, the formula is:

[tex]A(t) = A(0)(1+r)^{t}[/tex]

[tex]A(t) = 600(1+0.035)^{8}[/tex]

[tex]A(t) = 600(1.035)^8[/tex]

Ending balance:

The ending balance is:

[tex]A(t) = 600(1.035)^8 = 790.1[/tex]

The ending balance is of $790.1.


Related Questions

g Based on historical data, your manager believes that 32% of the company's orders come from first-time customers. A random sample of 146 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is greater than than 0.43

Answers

Answer:

0.0022 = 0.22% probability that the sample proportion is greater than than 0.43

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

Based on historical data, your manager believes that 32% of the company's orders come from first-time customers.

This means that [tex]p = 0.32[/tex]

Mean and standard deviation:

Sample of 146 means that [tex]n = 146[/tex]

[tex]\mu = p = 0.32[/tex]

[tex]s = \sqrt{\frac{p(1-p)}{n}} = \sqrt{\frac{0.32*0.68}{146}} = 0.0386[/tex]

What is the probability that the sample proportion is greater than than 0.43?

This is 1 subtracted by the pvalue of Z when X = 0.43. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{0.43 - 0.32}{0.0386}[/tex]

[tex]Z = 2.85[/tex]

[tex]Z = 2.85[/tex] has a pvalue of 0.9978

1 - 0.9978 = 0.0022

0.0022 = 0.22% probability that the sample proportion is greater than than 0.43




Write the equation of the line passing through (2,0) and (0,-5)​

Answers

Answer:

y=5/2x+2

Step-by-step explanation:

To get the slope,

(-5-0) /(0-2)=-5/-2=5/2

Introduce points (x,y) (0,2) i.e one of the given points ,it should give same answer either way

(0,2)(x,y)

y-2/x-0=5/2

Cross multiplication,2(y-2)=5(x-0)

2y-4=5x-0

2y=5x-0+4

2y=5x +4

Divide both sides by 2 to get

y=5/2x+2.

A manufacturing company with 350 employees is changing the employee health insurance plan to either plan A or plan B. The company wants to know if employees have a preference between the two plans and whether or not preference differs between those employees who have family members covered under the current plan (group 1) and those who do not (group 2). The human resources office takes a simple random sample from each of the two groups, sends information about both plans to the employees in each sample, and asks them whether they prefer plan A or plan B. The table summarizes the responses received, with expected cell counts in parentheses.

Plan A Plan B Total
Yes (group 1) 40 (32.5) 20 (27.5) 60
No (group 2) 6 (13.5) 19 (11.5) 25
Total 46 39 85

Which statement is true about whether the conditions for the chi-square test for homogeneity have been met?
a. A simple random sample should have been taken from all the employees, and then each employee in the sample should have been asked their plan preference and whether or not they have family members covered under the current health insurance plan.
b. The expected cell counts are not large enough to apply the chi-square test for homogeneity.
c. The total sample size is not large enough to apply the chi-square test for homogeneity.
d. The total sample size is too large to apply the chi-square test for homogeneity.
e. All conditions necessary to apply the chi-square test for homogeneity are satisfied here.

Answers

Answer: D. The total sample size is too large to apply the chi-square test for homogeneity.

Step-by-step explanation: When sampling without replacement, the sample size should not exceed 10 percent of the population size. Here, the sample size of 85 is just over 24 percent of the population of 350 company employees.

The total sample size is too large to apply the chi-square test for homogeneity.

We have given that,

A manufacturing company with 350 employees is  changing the employee health insurance plan to either plan A or plan B.

                         Plan A        Plan B        Total

yes(group 1)       40(32.5)   20(27.5)      60

No (group 2)      6 (13.5)     (11.5) 25       25

Total                   46             39              85

We have to find which statement is true,

What is sampling without replacement?

Each sample unit of the population has only one chance to be selected in the sample. we can select one sample only way and after selection we cannot pot this sample in the sample space again.

The sample size should not exceed 10 percent of the population size.when we use sampling  without replacement,

Here, the sample size of 85 is just over 25 percent of the population of 350 company employees.

Therefore,the total sample size is too large to apply the chi-square test for homogeneity.

To learn more about the sample space replacement and without replacement visit:

https://brainly.com/question/17042101

please help me with this math project (photo linked). (7th grade unit 3) check my other questions plsss (last one)

Answers

1.  -3x - 17

2. -24x + 25

3. 2x + 4

4. -9x -9

5. 7x - 2

?????????????????????

Answers

A. 128 (32 x 4 = 128)

Answer: A 128

Step-by-step explanation:

PLEASE HELP 20 POINTS!

which model shows 1/4 ÷ 3?

Answers

Answer:

A

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

A

in a school of 40 students 10% are boys. How many boys are there

Answers

Answer:

4boys

Step-by-step explanation:

40 of 10% 40×10/100 =4 remember percentage is always over 100

Find the exact perimeter of the circle with a radius of 5 and round your answer to 2 decimal places

Answers

Answer:

31.42

Step-by-step explanation:

This Question: 1 pt
17 of 29
Emma has $160 cash to spend at a music store. How much can she spend on items if there is a 7% sales tax?
Emma can spend on items.
(Round to the nearest cent as needed.)

Answers

Answer:

i would say $148.80

Step-by-step explanation:

tax would amount to 11.20 so when you subyract that from the total then the rest is what she can spend.

Please help I’ll give brainalist + 10 points to whoever helps and get this 100% right

Answers

Answer:

its C

Step-by-step explanation:

because 180⁰-40⁰=140⁰

Answer:

∠m = 140°

Step-by-step explanation:

∠1 and ∠m are adjacent angles, so they add up to 180°.

∠1 + ∠m = 180

40 + ∠m = 180

∠m = 180 - 40

∠m = 140°

Help

solve 2x+4=10

Brainliest

Answers

❤️ The answer is attached

achievements.

Answer:

x=3

Step-by-step explanation:

2x+4=10

subtracting both side by 4.

2x+4-4=10-4

2x=6

x=6/2=3

3 tons = ________ how many pounds

Answers

Answer:

6000 pounds

Step-by-step explanation:

calculator

Answer:

6000lbs

Step-by-step explanation:

3*2000=6000

A shoe box is 4 inches wide, 3 inches deep, and 12 inches long. What is the volume?

I know it's 144 but 144 what?​

Answers

Answer:

144in square

Step-by-step explanation:

How many planes are shown in the figure?

Answers

Answer:

5

Step-by-step explanation:

5

Answer:

5

Step-by-step explanation:

a rectangular banner has an area of 36.75 square feet, The length of the banner is 15 feet. What is its width

Answers

Answer:

w=A

l=36.75

15=2.45ft

Step-by-step explanation: there you go :>

Answer:

2.45ft

Step-by-step explanation:

w=A

l=36.75

15=2.45ft

solve[5x-6/7] = -8 for x
please help

Answers

Answer:

7=7

Step-by-step explanation:

1 Let x=\frac{13}{5}x=  

5

13

​  

.

5\times \frac{13}{5}-6=7

5×  

5

13

​  

−6=7

2 Cancel 55.

13-6=7

13−6=7

3 Simplify  13-613−6  to  77.

7=7

7=7

hope this helps.

The ratio of adults to children at a museum is 2:7 which table represents this ratio.
refer to pictures

Answers

Answer:

D

Step-by-step explanation:

Find the graph that has equivalent ratios to 2:7 make sure your order is right.

2:7 equals 6:21 for example; 2 x 3=6   7 x 3=21

D

D
Multiply both numbers by the same value to find your answer

âp3x
is
TRASH
ãp3x didnt even give us a SPRING BREAK WHICH WE ARE ENTITLED TO!!!!
answer if u wanna​

Answers

yup I use it. it gets anoying

5x -30 = 3x + 60
How many solutions are there

Answers

Answer:

one solution

Step-by-step explanation:

5x - 30 = 3x + 60

2x - 30 = 60

2x = 90

x = 45

I’ll give 35 points and brainliest answer asap please it’s due tomorrow

Answers

Answer:

try 72.2

Step-by-step explanation:

surface area is 3.8x3.8x6

but minus one side is 3.8x3.8x5 = 72.2

Answer:

72.2 square meters

Step-by-step explanation:

multiply the length by the width

3.8 x 3.8 = 14.44

in a cube there are 6 sides; however, it says Sarah is painting all the sides except for one so she is only painting 5 sides

14.44 x 5 = 72.2

Louis has a bag of 2510 shells each pen shell is 18 cm long what is the combine length of the pen shells in meters

Answers

Answer:

45180cm

Step-by-step explanation:

You have to multiply the amount of shells by the length on one shell to get the length of all of them combined so, 2510 multiplied by 18 is 45180.

Together, Dien and Jane can eat 2/3 of a pizza in 4 seconds. How long would it take each of them to eat the whole pizza alone if Jane can eat a pizza 5 seconds faster than Dien?

Answers

Answer:

Dien - 15 seconds, Jane - 10 seconds

Step-by-step explanation:

Together:

2/3 of pizza ⇒ 4 secondsFull pizza ⇒ 4 ÷ 2/3 = 6 seconds

Dien needs  x seconds to eat pizza

Jane needs  x - 5 seconds to eat pizza

In one second, Dien can eat 1/x, Jane can eat 1/(x - 5), together 1/6 of a pizza

1/x + 1/(x - 5) = 1/6x(x - 5) = 6(x + x - 5)x² - 5x - 12x + 30 = 0x² - 17x + 30 = 0(x - 15)(x - 2) = 0x = 15 (x = 2 is discounted as not realistic)

Dien can eat a pizza in 15 seconds, Jane can eat a pizza in 10 seconds

Solve for x Enter the solutions from least to greatest . (x - 4)(- 5x + 1) = 0 lesser x = greater x =

Answers

See photo hope it helps

The first three terms of a sequence are given. Round to the nearest thousandth (if necessary). 16, 8,4,... 16,8,4,... \text{Find the 10th term.} Find the 10th term.

Answers

Answer:

0.03125

To the nearest thousandth = 0.031

Which expression is equivalent to 16 + 2 ⋅ 36?

Answers

4(2x+3)(2x-3)
Have a nice day

Please no links!! Can’t open them! Thanks

Answers

b i think don’t come at me if it’s wrong lol

A: 49
B: 33
C: 57
D: 16

Answers

Answer:

d

Step-by-step explanation:

i believe its 49 - 33= answer bc 49=49

Answer:

16°

Step-by-step explanation:

The two angles are vertical, meaning that they are the same

33 + 16 = 49

what is the value of x ?

Answers

Answer:

the letter "x" is often used in algebra to mean a value that is not known yet. It is called a 'varaible' or sometimes unknown.

Answer:

It is 65, B

Step-by-step explanation:  because  180-115=65 tell me if you dont get it

Is the ratios 2.5 : 8 and 7.5 : 24 are they equivalent?

Answers

Answer:

Yes, they are equivalent.

Step-by-step explanation:

To get from 2.5 : 8 to 7.5 : 24, you have to multiply by both sides by 3.

So they are equivalent.

(2a^3 b^4) ^4=
What is the answer to this problem ?

Answers

Answer: 16a^12 b^16

Step-by-step explanation:

Everything in the parenthesis to the 4th power.

2a^4= 16a

3*4=12

b^4*4=b^16

Other Questions
plz help. I Need help with it A busy city is similar to a cell. Both a city and a cell are made up of many important parts that work together as a whole. What could you find in a city that has a similar function to the mitochondria in a cell?A. a power plantB. a water towerC. a traffic signalD. a street sweeper Please answer correctly !!!!!!!!!!!!! Will mark Brianliest !!!!!!!!!!!!!!! can here if u wanna do a rap battle Angel uses 1/8 cup of sugar for 1/3 of a recipe. How much sugar is needed if Angel makes the entire recipe twice? What is an equation of the line that passes through the points (0,5) and (-5,7) Put your answer in fully reduced form in a raffle, one ticket will win a $530 prize, four tickets will win a $500 prize, ten tickets will win a $160 ze, and the other tickets will win nothing. There are 1,000 in the raffle. If you have a ticket, what is e expected payoff? Why do you think no one spoke out against Hitler and the laws he was passing? hurry pls it lang arts Which of the following statements represents the best way to go about using ideas from others' experiences?A. Always use ideas from others' experiences before using ideas from your own experience to avoid bias.B. It's fine to use transcripts from spoken interviews in your writing without giving credit to others for their ideas.C. Never use others' ideas in your writing, no matter how general they may be.D. Use others' general points, but if you include specific evidence, make sure to show where you found it _______ could have jumped over this wall and borrowed your rake.Choose the correct word to fill in the blank. A. Their B. Somebody C. Anything D. Somewhere Given: 7X/2 < 5. Choose the solution set. {x | x < 10/7} {x | x >10/7 } {x | x < 35/2} {x | x > 35/2} Where would it go I know how to do X axis but not Y who wanna fight l m a o Which equation describes the function in the table below? 1. Define Primary Key. Why do we need primary key ?2. Define Field size.3. Define Validation Rule.4. . Not leaving the house and a lack of exercise can cause health problems like obesity. TRUE OR FALSE5. Rebecca only works 3 days in a week but she works longer hours each day to ensure she hits the 40-hour work week.-art-time working-Compressed hours-Job sharing-Flexible hour A flight or fight response occurs when the body perceives a type of threat. The hormone known as adrenaline is released which will affect a variety of body systems. Which system needs to increase its activity in order for the muscular system to respond to the perceived threat?A)EndocrineB)IntegumentaryC)ExcretoryD)Digestive The Gallipoli campaign of 1915 was a nation building experience for which countries? Select all that apply.1) France2) Canada3) Britain4) New Zealand5) Turkey6) Australia Plz help!Describe what is being shown in the poster. find the value of given expression[tex] \sqrt{35 \times 35} [/tex] Original Chromosome: ABCJKL Which of the following depicts atranslocation chromosomal mutation? A.) ABBC*JJKLB.) AC*JKLC.) ABC*MNOD.) AJK*LBC