a. Critical value, t∗, for a 99% Confidence Interval, n=16 is given by t∗=2.921.
b. The margin of error is 0.97.
a) Critical Value, t∗ for a 99% Confidence Interval: Critical value, t∗, for a 99% Confidence Interval, n=16 is given by t∗=2.921.
Note: t-table, with 15 degrees of freedom is used to determine the critical value for the given confidence interval.
b) Margin of Error for a 99% Confidence Interval:Margin of error for a 99% confidence interval, n=16 is given by E = t∗× s/√n, where s is the standard deviation.
E = 2.921 × 1.4/√16 = 0.97 (rounded off to two decimal places).
Hence, the margin of error is 0.97.
To know more about interval visit:
https://brainly.com/question/30460486
#SPJ11
Find the critical value, t∗, for a 99% Confidence interval.
The sample size is 16.The degree of freedom (df) = n - 1 = 16 - 1 = 15.
From t-table for 15 degrees of freedom (df) and 99% level of confidence (α = 0.01) (two-tail) t* = 2.947.a) t* = 2.947.
b) Find the margin of error for a 99% Confidence interval.
The margin of error (E) for a 99% confidence interval is given by:
E = t* × s / √n
Where s is the sample standard deviation.
s = 1.4 (given)E = 2.947 × 1.4 / √16E = 0.7285 or ≈ 0.73
Therefore, the margin of error for a 99% confidence interval is approximately 0.73.
To know more about Confidence interval, visit:
https://brainly.com/question/32546207
#SPJ11
no i dont want to download ur answer.
the area is ___ square units
Answer: I think it’s 4
Step-by-step explanation: count the squares surrounding the triangle, 4 times 2 is eight 1/2 of that is 4
This problem is concerned with integrals of the form 1 = $* $(d, where f(x) = ln(x)h(x). Here, b>0 and h(0) exists but is not equal to zero, so that f(x) unbounded in the limit x + 0.
The integral of the given form 1 = $* $(d, where f(x) = ln(x)h(x) and b>0, where h(0) exists but is not equal to zero, is divergent.
This is because the function f(x) is unbounded in the limit x + 0.The integral 1 = $* $(d, where f(x) = ln(x)h(x) and b>0, is divergent because the function f(x) is unbounded in the limit x + 0. The integral of the given form can be represented as∫ba ln(x)h(x) dx, which can be evaluated by using integration by parts.Using u = ln(x), dv = h(x) dx, v = ∫h(x) dx, and du = dx/x, we get the integral as∫ba ln(x)h(x) dx = ln(x) ∫ba h(x) dx - ∫ba (∫ba h(x) dx/x) dx= ln(b) ∫ba h(x) dx - ∫ba (∫xba h(t) dt/x^2) dx.Since h(0) exists but is not equal to zero, ln(x)h(x) goes to infinity as x approaches 0. Therefore, the integral diverges as x approaches 0.
Know more about integral here:
https://brainly.com/question/31433890
#SPJ11
able 29-4 Bank of Cheerton Assets Liabilities Reserves $4,200 Deposits 55,800 $60,000 Loans Refer to Table 29-4. If the Fed's reserve requirement is 5 percent, then what quantity of excess reserves does the Bank of Cheerton now hold? $1,200 $600 $2,090 $3,000
The Bank of Cheerton now holds $1,200 in excess reserves. So, correct option is A.
To determine the quantity of excess reserves that the Bank of Cheerton holds, we first need to calculate the required reserves. The required reserves are the portion of the deposits that the bank is required to hold as reserves based on the reserve requirement set by the Federal Reserve.
The reserve requirement is given as 5 percent, and the Bank of Cheerton has deposits of $60,000. Therefore, the required reserves can be calculated as follows:
Required Reserves = Deposits * Reserve Requirement
= $60,000 * 0.05
= $3,000
Next, we can calculate the excess reserves, which are the reserves held by the bank in excess of the required reserves. Excess reserves can be calculated as the difference between the total reserves (reserves held by the bank) and the required reserves:
Excess Reserves = Reserves - Required Reserves
= $4,200 - $3,000
= $1,200
Therefore, correct option is A.
To learn more about reserves click on,
https://brainly.com/question/31569505
#SPJ4
Two angles are supplementary. The first angle is 3x degrees. The second angle is (2x + 25) degrees. Determine the measure of each angle.
Answer: a = 3x
b = 2x+25
180 = a + b
180 = 3x + 2x + 25
180 = 5x + 25
155 = 5x
x = 31
a = 3*31 = 93
b = 2*31 + 25 = 87
Step-by-step explanation: pls mark as branlyest
What is 2x+5g+7y+1.52x+32.6+5.1g+11.1+9y simplified?
Answer:
10.1g+3.52x+16y+43.7
Step-by-step explanation:
Question 1 5 pts When adjusting the cutoff threshold for a classification algorithm, it is always possible to simultaneously improve the specificity and sensitivity of the classifier. O True False
The statement as it has been written can be shown as false.
Is it true or false?There is often a trade-off between specificity and sensitivity when changing the cutoff criterion for a classification algorithm. Sensitivity relates to the classifier's capacity to accurately identify the positive cases, while specificity refers to the classifier's capacity to do so.
You can modify the ratio of true positive to false positive rates by setting the cutoff value. By identifying more occurrences as positive, lowering the threshold may boost sensitivity, but it can also result in an increase in false positives, which lowers specificity.
Learn more about algorithm:https://brainly.com/question/28724722
#SPJ4
PLEASE HELP IM BEGGING YOU ITS EASY IM JUST SLOW
Answer:
6
Step-by-step explanation:
Formula for area A=0.5(bh)
12=0.5(4h)
12=2h
6=h
Answer:
6
Step-by-step explanation:
Area of triangle equation:
A=[tex]\frac{1}{2}[/tex] base * height
For this triangle...
12=[tex]\frac{1}{2}[/tex] (4) (x)
we need to figure out what x is to find the height.
To get x alone in this equation we can first divide both sides by 4
12/4=[tex]\frac{1}{2}[/tex] (x) ---> 3= [tex]\frac{1}{2}[/tex] (x) Then multiply by the reciprocal of 1/2 which is 2/1
x=6
Determine whether the graph shows a positive correlation, a negative correlation, or no correlation. If there is a positive or negative correlation, describe its meaning in the situation.
People Entering Amusement Park
A graph titled People Entering Amusement Park has time (minutes) on the x-axis, and number of people on the y-axis. Points trend in a positive line.
Time (minutes)
a.
positive; as time passes, the number of people entering decreases.
b.
negative; as time passes, the number of people entering decreases.
c.
no correlation
d.
positive; as time passes, the number of people entering increases.
Please select the best answer from the choices provided
A
B
C
D
Answer:
D
Step-by-step explanation:
In a busy amusement park the number of people entering always increases as time goes on. I’m sure you know this if you ever been to one and had to wait in those long lines at the entrance or at any of the rides.
Answer:
D
Step-by-step explanation:
ifunny is dankreloaded
which expression is equivalent to (6 •p) + 3 ?
Answer:
3+(p.6)
Step-by-step explanation:
Answer:
3 + (p • 6)
Step-by-step explanation:
the points (-9,f) and (-10,5) has a slope of 3. What is the value of f?
there are 24 marbles in a bag: 2/16 of the marbles are red, 1/8 of the marbles are blue, 1/4 of the marbles are yellow, 1/3 of the marbles are black, 1/6 of the marbles are silver. how many of each type of marble is there?
Answer: 3 red marbles, 3 blue marbles, 6 yellow marbles, 8 black marbles, 4 silver marbles
Step-by-step explanation:
I know these are the correct number of marbles because I set up these numbers as fractions and solved for x.
For examples, 2/16 of the marbles are red. 2/16=x/24
You would do this because we are trying to find the number of marbles that are red out of the 24 marbles.
Next, we would do 24 divided by 16= 1.5 Then 1.5 times 2=3
You would follow this rule for each fraction of marbles in order to find the true number of marbles out of 24.
Simplify each Equation
Answer:
a.37
b. 82
c.101
d.8
e.6
f.3
Step-by-step explanation:
hope this helps
What are the finance charges?
$3.79
$4.68
$5.32
$7.50
Answer:
These types of finance charges include things such as annual fees for credit cards, account maintenance fees, late fees charged for making loan or credit card payments past the due date, and account transaction fees.
Answer:
3.79
Step-by-step explanation:
took the test and got the answer. Hope this helps!
Find the sum 1/2+1/4
Answer:
3/4
Step-by-step explanation:
Make a common denominator and multiply the many times the denominator had to get to the common denominator to the numerator.
What type of test should be performed to test the following? Họ: H = 27 HA: μ< 27 X = 33 o= 2.5 n= 77
Explanation:
The type of test to be performed to test the hypothesis with the following data: Họ: H = 27, HA: μ< 27, X = 33, o= 2.5, and n= 77 is a left-tailed Z-test.
Hypothesis testing is a statistical technique that allows us to evaluate the validity of the hypothesis or assumptions regarding a population parameter. The hypothesis testing is based on several assumptions that must be met to test whether the null hypothesis is true or false.In this case, we will use the left-tailed Z-test since we have a sample size n > 30 and the population standard deviation is known as o= 2.5.Here are the steps for performing the left-tailed Z-test:
Step 1: State the null hypothesis and alternative hypothesis. H0: μ = 27 vs. Ha: μ < 27 (left-tailed test)
Step 2: Determine the level of significance (α). Assume α = 0.05
Step 3: Calculate the test statistic, which is given by: Z = (X - μ) / (o / √n)Where X is the sample mean, μ is the population mean, o is the population standard deviation, and n is the sample size.Z = (33 - 27) / (2.5 / √77)Z = 3.354
Step 4: Determine the p-value associated with the test statistic.Using a Z-distribution table or calculator, we find that the p-value is less than 0.001.
Step 5: Compare the p-value with the level of significance.Compare the p-value with α (0.05). Since the p-value is less than α, we reject the null hypothesis.Hence, the conclusion is that there is sufficient evidence to support the alternative hypothesis that the population mean is less than 27 at the 0.05 significance level.
Learn more about Hypothesis testing here https://brainly.in/question/39460466
#SPJ11
A car drives at a constant rate of 60 miles per hour for a given period of time. 5. What is the independent variable? 6. What is the dependent variable?
5. The independent variable is the period of time.
6. The dependent variable is the distance traveled by the car.
5. The independent variable is the period of time because it is the variable that is controlled or manipulated in this scenario. The car's speed remains constant at 60 miles per hour, and the time is the factor that can be changed or adjusted.
6. The dependent variable is the distance travelled by car because it is the variable that is influenced or affected by the independent variable. In this case, the distance traveled depends on the period of time for which the car maintains a constant speed of 60 miles per hour.
The longer the period of time, the greater the distance traveled, and vice versa. The relationship between the independent variable (time) and the dependent variable (distance) is determined by the constant rate of 60 miles per hour. As time increases, the car covers more distance, while as time decreases, the car covers less distance.
Therefore, the distance traveled is dependent on the period of time for which the car maintains its constant speed.
Know more about the independent variable click here:
https://brainly.com/question/1479694
#SPJ11
PLEASEEEE HELP!!! 20 point for this
Answer:
Let x be the number of hours Jose worked washing cars last week and y be the number of hours Jose worked waking dogs last week.
10x + 9y = 122
x + y = 13
A feeder at the zoo in shape of a cone has a radius of 3 inches. It holds about 113.04 cubic inches of food. Approximate its height to the nearest inch. Use 3.14 to approximate the value of pie.
Answer:
12 inches
Step-by-step explanation:
What is the length of the arc on a circle with radius 10 cm intercepted by a 20° angle? Use 3.14 for π. Round the answer to the hundredths place. Enter your answer in the box. cm
a. 3.14 cm
b. 6.28 cm
c. 12.57 cm
d. 25.13 cm
The length of the arc on a circle with radius 10 cm intercepted by a 20° angle is,
Lenght of arc = 3.48 cm
We have to given that,
In a circle,
Radius = 10 cm
And, Angle = 20 degree
Since, We know that,
Lenght of arc = 2πr (θ/360)
Where, θ is central angle and r is radius.
Substitute all the values,
Lenght of arc = 2πr (θ/360)
Lenght of arc = 2 x 3.14 x 10 (20/360)
Lenght of arc = 3.48 cm
Therefore, the length of the arc on a circle with radius 10 cm intercepted by a 20° angle is,
Lenght of arc = 3.48 cm
Learn more about the circle visit:
https://brainly.com/question/24810873
#SPJ4
When solving the equation x/5 - 12 = 10, what is your last step?
A. Multiply by 5 on each side.
B. Add 12 to each side.
C. Divide by 5 on each side.
D. Subtract 12 from each side.
+10 points!
Answer:
A multiply by 5
Step-by-step explanation:
x/5-12=10
x/5=10+12
x/5=22
multiple each side by 5
x=22*5
Firm XYZ is holding a long position in a $20 million interest rate swap that has a remaining life of 15 months. Under the terms of the swap, six-month LIBOR is exchanged for 4% per annum (both rates are compounded semiannually). The risk-free interest rate for all maturities is currently 5% per annum with continuous compounding. The six-month LIBOR rate was 4.5% per annum two months ago. a. Compute the current value of the swap to firm XYZ Code your answer in the box below. Clearly comment your working. Display your final answer by running the section. b. Suggest a reason why XYZ entered into the swap in the first place. Type answer here (14 + 6 = 20 marks)
a. The value of the swap to firm XYZ is -$23,225.33.
b. This would help to protect the firm against an increase in interest rates.
a. Calculation of the value of the swap to firm XYZ
The value of the swap to firm XYZ can be calculated using the following formula:
Value of Swap = Value of Fixed Leg - Value of Floating Leg
Where Value of Fixed Leg = VFL = (Coupon Rate * Principal * (1 - (1 + r)-n / r))
Value of Floating Leg = VFL = (Interest Rate * Principal * (1 - (1 + r)-n / r))
Where, Coupon Rate = 4% p.a. Principal = $20 million
Interest Rate = LIBOR + Spread, Spread = 0, therefore,
Interest Rate = 4.5% p.a.
Time to Maturity, n = 15 months
Remaining Time to Next Payment = 6 - 2 = 4 months
Therefore, the current six-month LIBOR rate is required to calculate the value of the swap as follows:
Current six-month LIBOR rate = 4.5% * (4/6) + x% * (2/6)x = ((Value of Swap/Principal + (1 - (1 + r)-n / r)) * r) / (1 - (1 + r)-n / r) = 0.0251%
Value of Fixed Leg = VFL = (0.04 * 20,000,000 * (1 - (1 + 0.05/2)-30 / (0.05/2))) = $1,328,816.76
Value of Floating Leg = VFL = (0.0451 * 20,000,000 * (1 - (1 + 0.05/2)-10 / (0.05/2))) = $1,352,042.09
Value of Swap = $1,328,816.76 - $1,352,042.09 = -$23,225.33
Therefore, the value of the swap to firm XYZ is -$23,225.33.
b. Suggest a reason why XYZ entered into the swap in the first place
Firm XYZ might have entered into the swap in the first place to mitigate the risk of a rise in interest rates in the future. By entering into a fixed-for-floating interest rate swap, the firm has fixed its borrowing cost for the duration of the swap at 4%, regardless of the future interest rate changes.
Therefore, this would help to protect the firm against an increase in interest rates.
To learn more about interest rate
https://brainly.com/question/25720319
#SPJ11
Dos angulos interiores de un triángulo miden 45grados y 35grados respectivamente cuál es la medida de el tercer ángulo interior
The measure of the third interior angle, given that this is a triangle and the other two measures are known, is 100 degrees.
How to find the interior angle?The sum of the interior angles of a triangle is always 180 degrees.
Given that the two of the interior angles are 45 degrees and 35 degrees, it is possible to find the measure of the third angle by subtracting the sum of these two angles from 180 degrees.
Third angle:
= 180 - ( 45 + 35 )
= 180 - 80
= 100 degrees
In conclusion, the measure of the third interior angle is 100 degrees.
Find out more on interior angles at https://brainly.com/question/25215131
#SPJ1
Yes or no ?
Please help quick
Answer:
yes
Step-by-step explanation:
multiples of 11: 11,22,33,44,55,66,...
Answer:
No because multiples of 11 are 11,22,33,44,55 etc and multiples of 66 are 66,132,198,264,330 etc
S2 are nonzero subspaces, with Si contained inside S2, and suppose that dim(S2) = 4 .(1) What are the possible dimensions of S1? (2) If S1 ≠S2, then what are the possible dimensions of S1 ?
The possible dimensions of S1, can range from 0 to 4, and if S1 ≠ S2, then the possible dimensions of S1 can range from 1 to 4, where the dimension of S1 is equal to the dimension of S2 plus 1 up to a maximum dimension of 4.
(1) The possible dimensions of S1, when S2 is a nonzero subspace contained inside it and dim(S2) = 4, can be any integer value from 0 to 4.
(2) If S1 ≠ S2, then the possible dimensions of S1 can range from 1 to 4. Since S1 ≠ S2, it means that S1 must have at least one additional vector that is not present in S2. Therefore, the dimension of S1 can be equal to the dimension of S2 plus 1 (dim(S2) + 1), up to the maximum possible dimension of 4.
To elaborate further, when S1 ≠ S2, it implies that there exists a vector in S1 that is not in S2. This additional vector increases the dimension of S1 by one. Hence, the possible dimensions of S1 can be 1, 2, 3, or 4, as long as it is greater than or equal to the dimension of S2 plus 1. However, it is important to note that the specific dimension of S1 depends on the specific vectors and subspaces involved in the given context.
To learn more about Subspaces, visit:
https://brainly.com/question/17517360
#SPJ11
Pls answer all of them or none of them! Tysm!
Answer:
18. $11
19. $1.40
20. 31
21. 4.05
22. 8.2
23. 31
24. 5.05
25. $14.99 per month
26. 3.7 oz
27. 16 miles ???
28. $6 each
Step-by-step explanation:
Hope that helps. That took a long time sorry. Also I am not a hundred percent sure on 27. If someone else has a different answer just check both
I'm confused math 7th grade pls help im confused
Answer:
10
Step-by-step explanation:
In the diagram of EHG below, JF || HG, EJ=3, JH=18, and FG=72. What is the length of EG
Answer:
EG = 84
Step-by-step explanation:
Here, we want to get the length of EG
Mathematically, we will be considering two triangles
these are EFJ and EHG
These two triangles are similar as can be seen
when two triangles are similar, the ratio of their corresponding sides are equal
Thus, we have it that;
EH/EG = EJ/EF
let us represent EF by x
so; EG is (x + 72)
EH = 3 + 18 = 21
Hence, we have it that;
21/x+ 72 = 3/x
21(x) = 3(x + 72)
21x = 3x + 216
21x-3x = 216
18x = 216
x = 216/18
x = 12
EG = 12 + 72 from EG = x + 72
EG = 84
I NEED HELP, WILL GIVE U BRAINLIEST IF U GIVE ME ANSWER <3
Answer:
It would be the last choice. Base= 8 in; height= 3 in
Step-by-step explanation:
It gives you the measurement for the height you just have to read what the ruler says at the bottom. When does the shape stop on the ruler? That number would be the answer in this case it would be the last choice.
Answer:
i dont know lol
Step-by-step explanation:
a) Does the following improper integral converge or diverge? Show your reasoning -20 6 re-21 dt (b) Apply an appropriate trigonometric substitution to confirm that L'4V1 –c?dx == 47 7T (c) Find the general solution to the following differential equation. dy (+ - 2) = 3, 1-2, 1 da
(a) The improper integral ∫[0,∞] [tex](xe^(-2x)dx)[/tex] converges.
(b) To evaluate the integral ∫[0,1] [tex](4\sqrt{1-x^2}dx)[/tex], we can use the trigonometric substitution x = sin(θ).
(c) The general solution to the given differential equation is y = ln|x + 2| - ln|x - 1| + C.
(a) To determine if the improper integral ∫[0,∞] [tex](xe^{-2x}dx)[/tex] converges or diverges, we can use the limit comparison test.
Let's consider the function f(x) = x and the function g(x) = [tex]e^{-2x}[/tex].
Since both f(x) and g(x) are positive and continuous on the interval [0,∞], we can compare the integrals of f(x) and g(x) to determine the convergence or divergence of the given integral.
We have ∫[0,∞] (x dx) and ∫[0,∞] [tex](e^(-2x) dx)[/tex].
The integral of f(x) is ∫[0,∞] (x dx) = [[tex]x^2/2[/tex]] evaluated from 0 to ∞, which gives us [∞[tex]^2/2[/tex]] - [[tex]0^2/2[/tex]] = ∞.
The integral of g(x) is ∫[0,∞] [tex](e^{-2x} dx)[/tex] = [tex][-e^{-2x}/2][/tex] evaluated from 0 to ∞, which gives us [[tex]-e^{-2\infty}/2[/tex]] - [[tex]-e^0/2[/tex]] = [0/2] - [-1/2] = 1/2.
Since the integral of g(x) is finite and positive, while the integral of f(x) is infinite, we can conclude that the given integral ∫[0,∞] ([tex]xe^{-2x}dx[/tex]) converges.
(b) To evaluate the integral ∫[0,1] (4√([tex]1-x^2[/tex])dx), we can make the trigonometric substitution x = sin(θ).
When x = 0, we have sin(θ) = 0, so θ = 0.
When x = 1, we have sin(θ) = 1, so θ = π/2.
Differentiating x = sin(θ) with respect to θ, we get dx = cos(θ) dθ.
Now, substituting x = sin(θ) and dx = cos(θ) dθ in the integral, we have:
∫[0,1] (4√([tex]1-x^2[/tex])dx) = ∫[0,π/2] (4√(1-[tex]sin^2[/tex](θ)))cos(θ) dθ.
Simplifying the integrand, we have √(1-[tex]sin^2[/tex](θ)) = cos(θ).
Therefore, the integral becomes:
∫[0,π/2] (4[tex]cos^2[/tex](θ)cos(θ)) dθ = ∫[0,π/2] (4[tex]cos^3[/tex](θ)) dθ.
Now, we can integrate the function 4[tex]cos^3[/tex](θ) using standard integration techniques:
∫[0,π/2] (4[tex]cos^3[/tex](θ)) dθ = [sin(θ) + (3/4)sin(3θ)] evaluated from 0 to π/2.
Plugging in the values, we get:
[sin(π/2) + (3/4)sin(3(π/2))] - [sin(0) + (3/4)sin(3(0))] = [1 + (3/4)(-1)] - [0 + 0] = 1 - 3/4 = 1/4.
Therefore, the value of the integral ∫[0,1] (4√([tex]1-x^2[/tex])dx) is 1/4.
(c) To find the general solution to the differential equation ([tex]x^2 + x - 2[/tex])(dy/dx) = 3, for x ≠ -2, 1, we need to separate the variables and integrate both sides.
(dy/dx) = 3 / ([tex]x^2 + x - 2[/tex]).
∫(dy/dx) dx = ∫(3 / ([tex]x^2 + x - 2[/tex])) dx.
Integrating the left side gives us [tex]y + C_1[/tex], where [tex]C_1[/tex] is the constant of integration.
To evaluate the integral on the right side, we can factor the denominator:
∫(3 / ([tex]x^2 + x - 2[/tex])) dx = ∫(3 / ((x + 2)(x - 1))) dx.
Using partial fractions, we can express the integrand as:
3 / ((x + 2)(x - 1)) = A / (x + 2) + B / (x - 1).
Multiplying both sides by (x + 2)(x - 1), we have:
3 = A(x - 1) + B(x + 2).
Expanding and equating coefficients, we get:
0x + 3 = (A + B)x + (-A + 2B).
Equating the coefficients of like terms, we have:
A + B = 0,
- A + 2B = 3.
Solving this system of equations, we find A = -3 and B = 3.
3 / ((x + 2)(x - 1)) = (-3 / (x + 2)) + (3 / (x - 1)).
∫(3 / ([tex]x^2 + x - 2[/tex])) dx = -3∫(1 / (x + 2)) dx + 3∫(1 / (x - 1)) dx.
-3ln|x + 2| + 3ln|x - 1| + C2,
where C2 is another constant of integration.
Therefore, the general solution to the differential equation is:
y = -3ln|x + 2| + 3ln|x - 1| + C,
where C = C1 + C2 is the combined constant of integration.
To know more about integral, refer here:
https://brainly.com/question/31059545
#SPJ4
Joseph is a friend of yours. He has plenty of money but little financial sense. He received a gift of $12,000 for his recent graduation and is looking for a bank in which to deposit the funds. Partners' Savings Bank offers an account with an annual interest rate of 3% compounded semiannually, while Selwyn's offers an account with a 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at the end of one year, and recommend to Joseph which account he should choose.
Answer:
The value for partners savings bank at the end of 1 year is $12,362.70. The value for Selwyn's at the end of 1 year is $12,334.58. The future value obtained by investing in Partners Saving Bank is more as compared to Selwyn’s Saving Bank. Hence Joseph is recommended to choose Partners Saving Bank.
Step-by-step explanation:
The value of the interest rate and the compounding applied, gives the
value in the account after one year.
The value of the account with Partner's Bank after one year is approximately $12,362.7, which is higher than the value in the Selwyn's account.The value in Selwyn's which after one year is $12,344.58.Joseph should choose the Partner's Bank accountReasons:
The amount Joseph receives as gift, A₀ = $12,000
Amount interest from Partner's Savings Bank, r = 3% compounded semiannually
Interest rate offered by Selwyn's, r = 2.75% compounded continuously
Required:
The value of the two account at the end of one year.
Solution:
[tex]A_t = A_0 \cdot \left(1 + \dfrac{r}{2} \right)^{2 \times t}[/tex]
The amount at the end of one year (t = 1) in Partner's Savings Bank is therefore;
[tex]A_t = 12,000 \times \left(1 + \dfrac{0.03}{2} \right)^{2 \times 1} = 12,362.7[/tex]
The value in the Partner's Savings Bank after one year, A(t) ≈ $12,362.7The value of an account at Selwyn's is therefore;
The interest rate compounded continuously is presented as follows;
[tex]A(t) = \mathbf{A_0 \cdot e^{r \cdot t}}[/tex]
A₀ = The original amount invested = $12,000
Which gives;
[tex]A(t) = 12,000 \times e^{0.0275 \times 1} \approx \mathbf{12,334.58}[/tex]
The value of the account at Selwyn's after one year, A(1) ≈ $12334.58Therefore, the account Joseph should choose is the Partner's Savings Bank that gives a higher value in the account after one year.Learn more here:
https://brainly.com/question/21896604