An account with an initial balance of $3500 earns interest that is compounded annually. If no other deposits or withdrawals are made, the account will have a balance of $4390.40 after 2 years. Find the annual interest rate.

Answers

Answer 1

Therefore, the annual interest rate is approximately 12%.

What factors determine interest rates?

How to compute interest is as follows: P x R x T is the formula for calculating interest. Principal Amount is P. (the beginning balance). rates of interest (usually per year, expressed as a decimal). T stands for the value T. (generally one-year time periods).

Let r be the annual interest rate as a decimal. Then the balance after 2 years is given by:

Balance = 3500(1+r)²

Setting this equal to $4390.40 and solving for r, we have:

4390.40 = 3500(1+r)²

Dividing both sides by 3500 and taking the square root, we get:

(1+r)² = 4390.40/3500 = 1.2544

Taking the square root of both sides, we get:

1 + r = √(1.2544) ≈ 1.12

Subtracting 1 from both sides, we get:

r ≈ 0.12 or 12%

Therefore, the annual interest rate is approximately 12%.

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Related Questions

45. Twenty-two runners compete in a cross-country race.
Three runners will each win a medal: gold, silver, or bronze.
Which of the following expressions gives the maximum
number of distinct ways the medals could be awarded?

Answers

9240

Step-by-step explanation:

In short, the maximum number of distinct ways the medals could be awarded in this race is 22 x 21 x 20 = 9240. This is calculated using a formula for permutations. Is there anything else you would like to know?

Students are getting signatures for a petition to increase sports activities at the community center. The number of signatures they get each day is twice as many as the day before. The expressin 2 to the power of 6 represents the number of signatures thry got on thr sixth dsy. How many signatures did they grt on the first day?

Answers

The number of signatures they got on the first day is 2.

The problem can be solved mathematically by using the formula for geometric sequences, which is:

an = a1 × r^(n-1)

where:

an = the nth term in the sequence

a1 = the first term in the sequence

r = the common ratio between consecutive terms

n = the number of terms in the sequence

In this case, we know that the number of signatures they get each day is twice as many as the day before, which means that the common ratio is 2. We also know that the number of signatures they got on the sixth day is 2^6 = 64.

Using the formula for geometric sequences, we can solve for a1 by substituting the known values

64 = a1 × 2^(6-1)

64 = a1 × 2^5

a1 = 64 / 2^5

a1 = 2

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Pleas answer this question


find cos X

Answers

Answer:

110x

Step-by-step explanation:

its 110x

what is an equation that is parallel to y=1/2x + 1/4 and passes through the points (-6, 5)

Answers

Answer: o find an equation that is parallel to the given line, we need to use the fact that parallel lines have the same slope.

The given line has a slope of 1/2, so any parallel line must also have a slope of 1/2.

Now we can use the point-slope form of a line to find the equation of the parallel line that passes through (-6, 5):

y - y1 = m(x - x1)

where m is the slope and (x1, y1) is the given point.

Plugging in m = 1/2 and (x1, y1) = (-6, 5), we get:

y - 5 = 1/2(x - (-6))

Simplifying:

y - 5 = 1/2(x + 6)

y - 5 = 1/2x + 3

y = 1/2x + 8

So the equation of the parallel line that passes through (-6, 5) is y = 1/2x + 8.

Brainliest is Appreciated.

If a fair die is rolled 7 times, what is the probability, to the nearest thousandth, of getting exactly 5 threes?

Answers

Answer:

0.119

Step-by-step explanation:

No. of sides a die has= 6 sides

No. of times it is rolled= 7 times

Total pairs= 6 x 7

                = 42 pairs

No. of 5 threes= 5 x 1

                        = 5

Probability of getting 5 threes= Favorable outcomes/Total outcome

                                                 = [tex]\frac{5}{42}[/tex]

                                                 = 0.119 chance

∴ probability of getting 5 threes is 0.119

3) State the domain of the function \( h(t)=\frac{\sqrt{t^{2}-16}}{t+3} \) \[ (-\infty,-4] \cup[4, \infty) \text { or }\{x \mid x \leq-4 \text { or } x \geq 4\} \]

Answers

The domain of a function refers to the set of all possible input values. We can easily find the domain of the given function h(t) using the following rules:

Since the denominator cannot be zero, we must exclude the value t = -3 from the domain. This means that the domain is {t | t ≠ -3}.

Furthermore, the expression inside the square root cannot be negative since the square root of a negative number is undefined. Thus, we have t^2 - 16 ≥ 0, which implies t ≤ -4 or t ≥ 4.

Therefore, the domain of the function h(t) is given by {t | t ≠ -3, t ≤ -4 or t ≥ 4}. This can also be written in set-builder notation as {t : t ≤ -4 or t ≥ 4, t ≠ -3}.

Hence, the correct option is {\color{Red}\boxed{(-\infty,-4] \cup[4, \infty) \text { or }{x \mid x \leq-4 \text { or } x \geq 4}}}

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Suppose at an appliances store, the price of a toaster increased from ₹400 to ₹800, while that of a microwave increased from ₹10000 to ₹10400. The increase in price for both appliances is the same, which is ₹

Answers

The increase in price for both appliances is the same, which is ₹400

Let's first find the increase in price for the toaster:

Increase in price = New price - Old price

Increase in price = ₹800 - ₹400

Increase in price = ₹400

Now, let's find the increase in price for the microwave:

Increase in price = New price - Old price

Increase in price = ₹10400 - ₹10000

Increase in price = ₹400

As we can see, the increase in price for both appliances is the same, which is ₹400.

The increase in price for both appliances is ₹400. This is found by subtracting the old price from the new price for each appliance. For the toaster, the increase is ₹800 - ₹400 = ₹400. For the microwave, the increase is ₹10400 - ₹10000 = ₹400. Since both appliances had the same increase in price, we can conclude that the percentage increase is different for each appliance. In this case, the percentage increase for the toaster is 100% [(₹800 - ₹400)/₹400 x 100%], while the percentage increase for the microwave is only 4% [(₹10400 - ₹10000)/₹10000 x 100%].

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The shift in the poem's rhythm In the last stanza signifies

Answers

The change in tempo and rhyme scheme in the final stanza both hint at the speaker's unclear identity. It gives satirical overtones to the creations.

Poets choose particular rhyme schemes to elicit different responses from their audiences. It fosters a particular atmosphere and mood that may affect how we respond to the poem's themes. Rhyme can be rigid or have satirical overtones, or it can have a playful or playful atmosphere.

What effects do rhyme and rhythm have on poetry?

When a poem has rhyme and meter, it is more musical. In traditional poetry, the anticipated enjoyment of a predictable rhyme aids in memorization for recitation. The use of a rhyme scheme also establishes the form. The shift in the poem's rhythm In the last stanza signifies the poets uncertain identity.

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simplify the expression 16+(-3)-3/7j-6/7j+4

Answers

Step-by-step explanation:

To simplify the expression 16+(-3)-3/7j-6/7j+4, we first need to combine like terms. The real numbers (16, -3, and 4) can be added together, and the imaginary numbers (-3/7j and -6/7j) can also be added together. So we have:

16 + (-3) + 4 + (-3/7j) + (-6/7j)

Simplifying the real numbers:

= 16 - 3 + 4

= 17

Simplifying the imaginary numbers:

= (-3/7j) + (-6/7j)

= (-9/7j)

Putting it all together, we get:

16 + (-3) - 3/7j - 6/7j + 4 = 17 - 9/7j

So the simplified expression is 17 - 9/7j.

A New York Times/CBS News Poll asked a random sample of U.S. adults the question "Do you favor an amendment to the Constitution that would permit organized prayer in public schools?" Based on this poll, the 95% confidence interval for the population proportion who favor such an amendment is (0.63, 0.69). Based on this poll, a reporter claims that more than two-thirds of U.S. adults favor such an amendment. Use the confidence interval to evaluate the reporter's claim.
a. Because the value 2/3 = 0.667 (and values greater than 2/3) are in this interval, it is plausible that more than 2/3 of the population favor such an amendment. Thus, there is convincing evidence that more than 2/3 of U.S. adults favor such an amendment.
b. Because 2/3 = 0.667 is included in this interval, it is plausible that more than 2/3 of U.S. adults favor such an amendment.
c. 95% of the time there will be more than two-thirds of U.S. adults in favor of such an amendment. Because 0.95 > 0.667, the reporter's claim is correct.
d. Because the value 2/3 = 0.667 (and values less than 2/3) are in this interval, it is plausible that 2/3 or less of the population favor such an amendment. Thus, there is not convincing evidence that more than 2/3 of U.S. adults favor such an amendment.
e. Because the value 2/3 = 0.667 (and values less than 2/3) are in this interval, it is plausible that 2/3 or less of the population favor such an amendment. Thus, there is convincing evidence that more than 2/3 of U.S. adults fuvor such an amendment.

Answers

The 95% confidence interval for the population proportion who favor an amendment for organized prayer in public schools does not provide convincing evidence that more than two-thirds.

Because the value 2/3 = 0.667 (and values less than 2/3) are in this interval, it is plausible that 2/3 or less of the population favor such an amendment. Thus, there is not convincing evidence that more than 2/3 of U.S.The 95% confidence interval for the population proportion who favor such an amendment is (0.63, 0.69). This means that if the same poll was conducted over and over again, 95% of the time the results would fall within this interval. Since the interval includes values less than 2/3, it is possible that 2/3 or less of the population favor such an amendment. Therefore, there is not convincing evidence that more than two-thirds of  important to note that the confidence interval does not provide conclusive evidence either way, only an indication of the likely proportions in the population.

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Jack has 7 yards of rope. He wants to cut it into pieces of different sizes. Jack needs 84 inches of rope to tie some packages and 4 feet of rope for another project. Does Jack have enough rope? Explain. Pls help

Answers

No, Jack does not have enough rope. First, we need to convert all units to the same measurement.

Since there are 36 inches in a yard, Jack has 7 x 36 = 252 inches of rope. Additionally, 4 feet is equal to 4 x 12 = 48 inches of rope.

To determine if Jack has enough rope, we need to add the 84 inches needed for the packages and the 48 inches needed for the other project, which gives a total of 132 inches.

Since 132 inches is greater than Jack's total of 252 inches, he does not have enough rope.

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A bag of peanuts could be divided among

8 children, 9 children, or 10 children with each

getting the same number, and with 2 peanuts

left over in each case. What is the smallest

number of peanuts that could be in the bag?

Answers

The smallest number of peanuts that could be in the bag is 4320.

Let's use the Chinese Remainder Theorem to solve this problem.

Let:

x be the number of peanuts in the bag.

Then we know that x ≡ 2 (mod 8), x ≡ 2 (mod 9), and x ≡ 2 (mod 10).

Using the Chinese Remainder Theorem, we can find a solution for x as follows:

Let

M = 8 * 9 * 10 = 720, and let M1, M2, and M3 be the remainders when M is divided by 8, 9, and 10 respectively.

That is, M1 = 720 mod 8 = 0, M2 = 720 mod 9 = 0, and M3 = 720 mod 10 = 0.

Let b1 = 1, b2 = 1, and b3 = 1.

Then we need to find integers a1, a2, and a3 such that a1 * M1 * b1 + a2 * M2 * b2 + a3 * M3 * b3 = 1.

One solution is a1 = 5, a2 = -4, and a3 = 1,

so we have 5 * 720 * 1 + (-4) * 720 * 1 + 1 * 720 * 1 = 7201

= M1 * b1 * 2 + M2 * b2 * 2 + M3 * b3 * 2.

This means that x = M1 * b1 * 2 + M2 * b2 * 2 + M3 * b3 * 2 is a solution to the system of congruences.

Since M1 = 0, we have x ≡ 0 (mod 8).

Since M2 = 0, we have x ≡ 0 (mod 9).

Since M3 = 0, we have x ≡ 0 (mod 10).

Therefore, the smallest positive integer solution for x is x = 720 * 1 * 2 + 720 * 1 * 2 + 720 * 1 * 2 = 4320.

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-x + 12y = -27 and -5x + 3y = -21

Answers

Answer:

x = 3

y = -2

Step-by-step explanation:

-x + 12y = -27

-5x + 3y = -21

Time the first equation by -5

5x - 60y = 135

-5x + 3y = -21

-57y = 114

y = -2

Now put in -2 for y and solve for x

-5x + 3(-2) = -21

-5x -6 = -21

-5x = -15

 x = 3

Let's check

-5(3) + 3(-2) = -21

-15 - 6 = -21

-21 = -21

So, x = 3 and y = -2 is the correct answer.

the risk of hepatoma among alcoholics without cirrhosis of the liver is 24%. suppose we observe 7 alcoholics without cirrhosis. answer the following question: a) what is the probability that exactly one of these 7 people have a hepatoma?

Answers

The probability that exactly one of these 7 people have a hepatoma is 0.35 or 35%

The risk of hepatoma among alcoholics without cirrhosis of the liver is 24%.We need to find the probability that exactly one of these 7 people have a hepatoma. Let the probability of having hepatoma be P(A) = 24% = 0.24 (given). Therefore, the probability of not having a hepatoma is P(A') = 1 - P(A) = 1 - 0.24 = 0.76. We have n = 7 people.

The probability of exactly 1 person having a hepatoma is P(1 person having hepatoma) = C(7,1) × P(A) × [tex]P(A')^{6}[/tex].

C(n, x) is the combination of n things taken x at a time. C(7,1) = 7!/1!6! = 7P(1 person having hepatoma) = 7 × 0.24 × (0.76)⁶= 0.35

Therefore, the probability that exactly one of these 7 people have a hepatoma is 0.35 or 35%.

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consider the density curve plotted below: 21 22 23 24 25 26 27 28 29 30 31 32 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.1 0.11 x pdf(x) density curve find : find : calculate the following. q1: median: q3: iqr:

Answers

Answer:

In this problem, we have a graph of the PDF (Probability Density Function). To compute probabilities in a certain interval (a, b), we must integrate this function from x = a to x = b.

(1) P(X ≤ 22)

We integrate the function from x = -∞ to x = 22, we get:

We separated the integral to use the data from the graph.

(2) P(X > 21)

We integrate the function from x = 21 to x = ∞, we get:

(3) The Q1 is the value x = a of the interval (-∞, a) that gives a probability equal to 0.25. So we must find x such that:

(4) The median is the value x = a of the interval (-∞, a) that gives a probability equal to 0.5. Proceeding as before, we have:

(5) The Q3 is the value x = a of the interval (-∞, a) that gives a probability equal to 0.75. Proceeding as before, we have:

(6) The IQR is given by the difference between Q3 and Q1. Using the results from above, we get:

Answer

• P(X ≤ 22) = 0.5

,

• P(X > 21) = 0.75

,

• Q1 = 21

,

• median = 22

,

• Q3 = 23

,

• IQR = 2

Step-by-step explanation:

Hope this helps

State the range of this quadratic function.

Answers

Answer:

[-4, +∞)

Step-by-step explanation:

[-4, +∞)

i need help on this please

Answers

Answer:[tex]847\pi[/tex]

Step-by-step explanation:

[tex]v=\pi r^{2} h\\v=\pi 11^{2} 7\\v=847\pi[/tex]

I NEED HELP ASAP!!!!

Answers

I got ya.

I wrote the answers in the boxes.

Find -3 3/4+1/2 on a number line

Answers

Answer: - 3 1/4

Step-by-step explanation:

- 3 3/4 + 1/2

Get a common denominator

-3 3/4 + 2/4

-3 1/4

Consider the following data for a closed economy: Y=$14 trillion
C=$8 trillion
G=$3 trillion
Spub=$1 trillion
T=$5 trillion
What is the level of private saving, spriv, in this economy?

Answers

The level of private saving in the given closed economy is $4 trillion.

Given, Y = $14 trillion C = $8 trillion G = $3 trillion S pub = $1 trillion T = $5 trillion We have to find the level of private saving, spriv, in this economy.

In a closed economy: Y = C + I + G Here, I = investment in the economy Thus, Y = C + S + T When we add G to both sides of the equation we get, Y + G = C + S + T + G Now, from the given data we have, Y + G = $14 + $3 = $17 trillion C = $8 trillion T = $5 trillion

So, we have, Y + G = C + S + T + G Solving for S, we get; S = Y + G - C - TS = $17 trillion - $8 trillion - $5 trillion S = $4 trillion Therefore, the level of private saving in the given closed economy is $4 trillion.

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*2 SIMPLE QUESTIONS FOR 20 POINTS!!*

Hello! Please help!!! I am not good at calculating this stuff

Thank you very much!

<3

Answers

The value of x is given as follows:

x = 10.


The geometric mean between 15 and 18 is given as follows:

16.43.

How to obtain the value of x?

The two triangles for the problem are similar, meaning that the proportional relationship for the side lengths is given as follows:

x/20 = 6/12.

The relationship can be simplified as follows:

x/20 = 0.5.

Applying cross multiplication, the value of x is obtained as follows:

x = 20 x 0.5

x = 10.

How to obtain the geometric mean of 15 and 18?

The geometric mean between two amounts is given by the square root of the multiplication of these two amounts.

Hence, for the amounts 15 and 18, the geometric mean is given as follows:

sqrt(15 x 18) = 16.43.

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Jeremiah measure the volume of a sink basin by modeling it as a hemisphere. Jeremiah measures its radius to be
15
3
4
15
4
3
​
inches. Find the sink’s volume in cubic inches. Round your answer to the nearest tenth if necessary

Answers

The sink's volume in cubic inches is 8182.8 cubic inches according to the radius of hemisphere.

The volume of hemisphere is calculated by the formula -

Volume = 2/3πr³, where r represents radius of the hemisphere.

Before beginning the calculation, convert radius from mixed fraction to fraction.

Radius = (15×4)+3/4

Performing multiplication and addition

Radius = 63/4 inches

Volume =

[tex] \frac{2}{3} \times \pi \times {( \frac{63}{4}) }^{3} [/tex]

Performing multiplication and taking cube

Volume = 8182.77 inches³

Rounding to nearest tenth

Volume = 8182.8 cubic inches

Hence, the volume of hemisphere is 8182.8 cubic inches.

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The complete question is -

Jeremiah measure the volume of a sink basin by modeling it as a hemisphere. Jeremiah measures its radius to be

15 3/4 inches. Find the sink's volume in cubic inches. Round your answer to the nearest tenth if necessary

An international company had 19700 employes in one country that is 22. 9 percent of there employies

Answers

The given information tells us that a particular country has 22.9% of the employees of an international company, and this amounts to 19700 employees.

The given statement implies that the international company has a total number of employees working in various countries. Out of these, 22.9% of the employees are working in a particular country, which amounts to 19700 employees in that country.

To find out the total number of employees working in all countries, we can use the following formula:

Total number of employees = Number of employees in the given country / Percentage of employees in the given country

Substituting the values given in the problem, we get:

Total number of employees = 19700 / 0.229

Total number of employees = 85939.3

Therefore, the international company has approximately 85939 employees working in various countries.

It's important to note that this calculation assumes that the proportion of employees working in the given country is representative of the proportion of employees working in other countries. However, if the proportion of employees working in other countries is significantly different, then the actual number of employees in the company could be different from the calculated value.

In conclusion, the given information tells us that a particular country has 22.9% of the employees of an international company, and this amounts to 19700 employees. We can use this information to approximate the total number of employees working in all countries.

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complete question :

An international company had 19700 employes in one country that is 22. 9 percent of there employies. Find the total number of employes in the company ?

For annually compounded interest, what rate would result in a single investment doubling in 3 years?

Answers

303

Step-by-step explanation:

Fill in the empty boxes.

Answers

Applying the product property of square roots, the items that will fill the empty boxes given the radicals above are:

2a: 3√2

2b: √24

2c: = 2√6

2d: √9 * √6

2e: √36 * √2

2f: 6√2

What is the Product Property of Square Roots?

The product property of square roots states that the square root of a product of two numbers is equal to the product of the square roots of those numbers. In other words, if a and b are non-negative real numbers, then the square root of ab is equal to the square root of a multiplied by the square root of b. Mathematically, it can be written as:

√(ab) = √a * √b

Given the radicals above, we would have the following:

2a:

√18 = √9 * √2 = 3√2

2b and 2c:

√24 = √4 * √6 = 2√6

2d:

√54 = √9 * √6 = 3√6

2e and 2f:

√72 = √36 * √2 = 6√2

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Given rectangle DEFG, if FD = 3x - 7 and EG = x + 5, find EG

Answers

As per the given rectangle, the length of EG is 5x - 7

We are given that DEFG is a rectangle, which means that its opposite sides are parallel and equal in length. Let's label the sides of the rectangle as follows:

DE = FG = a (since opposite sides of a rectangle are equal in length)

EF = DG = b (since opposite sides of a rectangle are parallel)

Now, we can use the given information to set up an equation for the length of EG:

EG = EF + FG = b + a

But we don't know the values of a and b. However, we are given that FD = 3x - 7 and EG = x + 5. We can use this information to solve for a and b.

We know that FD = DE - EF, so we can substitute the values we have:

3x - 7 = a - b

We also know that EG = FG - DG, so we can substitute the values we have:

x + 5 = a - b

Now we have two equations with two variables (a and b). We can solve for a and b by adding the two equations together:

3x - 7 + x + 5 = 2a

4x - 2 = 2a

a = 2x - 1

Now we can substitute this value for a in one of the earlier equations to solve for b:

3x - 7 = (2x - 1) - b

b = 3x - 6

Finally, we can substitute the values we found for a and b into the equation we set up earlier to find the length of EG:

EG = EF + FG = b + a = (3x - 6) + (2x - 1) = 5x - 7

Therefore, the length of EG is 5x - 7.

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please solve with steps, im very confused

Answers

The table are shown below

The domains of the three functions are x <= 0, 0 < x <= 5 and x > 5The range of the three functions are f(x) >= -1, -1 < f(x) <= 9 and f(x) = 3The graph is attached

How to make a table of value for the functions

From the question, we have:

f(x) = x^2 - 1  x <= 0

        2x - 2  0 < x <= 5

        3  x > 5

So, we make the table using the x values in the domain

x   f(x) = x^2 - 1

0                -1

-1               0

-2              3

-3             8

x   f(x) = 2x - 1

1                1

2               3

3               5

4               7

5              9

x   f(x) = 3

6         3

7         3

8         3

The domain and the range

The domain are given in the question

So, we have the domains of the three functions to be

x <= 0, 0 < x <= 5 and x > 5

Using the table of values, we have the range of the three functions to be

f(x) >= -1, -1 < f(x) <= 9 and f(x) = 3

How to determine the graph

Here, we use a graphing calculator

The graph of the function is added as an attachment

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21. A triangle has a base of 3 centimeters and
a height of 6 centimeters. Explain how the
area of the triangle will change if the base is
doubled.

Answers

Answer:

The area of a triangle is given by the formula A = 1/2 * base * height, where "base" is the length of the triangle's base and "height" is the length of the perpendicular line segment from the base to the opposite vertex.

If the base of a triangle is doubled, the height remains constant, and the area of the triangle will also double. This is because the area of a triangle is directly proportional to its base length.

In the case of the given triangle, if the base is doubled from 3 centimeters to 6 centimeters, the area of the triangle will become:

A = 1/2 * 6 cm * 6 cm = 18 cm²

Therefore, the area of the triangle will increase from 9 cm² to 18 cm² if the base is doubled while the height remains constant at 6 cm.

Step-by-step explanation:

12
Solve for the value of X. Round to the nearest tenth
if necessary.
X
23
2500 m

Answers

On solving the provided question we cans ay that As a result, X is 2477, function rounded to the closest tenth.

what is function?

Mathematicians examine numbers with their modifications, equations and associated structures, forms and their locations, and feasible positions for these things. The term "function" indicates the connection between a collection of inputs, each of which has a corresponding output. A function is a connection of inputs and outputs where each supply leads to a specific, identifiable outcome. Each function is assigned a domain, a codomain, or a scope. The letter f is widely used to denote functions (x). The symbol for entry is an x. The four primary types of accessible capabilities are on functions, yet another skills, so multiple capabilities, in capabilities, and on operations.

To find X, we must isolate it on one side of the equation by executing the identical procedure on both sides.

X + 23 = 2500

Taking 23 off both sides:

X = 2500 - 23

To simplify: X = 2477

As a result, X is 2477, rounded to the closest tenth.

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In the first week of its release, the latest blockbuster movie sold $16. 3 million dollars in tickets. The movie’s producers use the formula Pt=P₀e^-0. 4t , to predict the number of ticket sales t weeks after a movie’s release P₀, where is the first week’s ticket sales. What are the predicted ticket sales to the nearest $0. 1 million for the sixth week of this movie’s release? (Note: t = 0 for the first week. )

( the ₀ is supposed to represent a small zero)

Answers

The equation Pt=P₀[tex]e^-0[/tex]. 4t is used to predict the ticket sales of a movie after its release. For the latest blockbuster movie, the predicted ticket sales for the sixth week of the movie’s release is $7. 9 million to the nearest $0. 1 million.

The formula used to predict the number of ticket sales t weeks after a movie’s release is Pt=P₀[tex]e^-0[/tex]. 4t, where P₀ is the first week’s ticket sales. In the case of the latest blockbuster movie, the first week’s ticket sales was $16. 3 million. To calculate the predicted ticket sales for the sixth week, the time t must be set to 6. The equation then becomes , which simplifies to Pt=7. 9 million. The predicted ticket sales for the sixth week of the movie’s release is therefore $7. 9 million to the nearest $0. 1 million. The equation  is a useful tool for predicting the ticket sales of a movie over time. It reflects the fact that, generally, ticket sales for a movie will steadily decline over time, with the rate of decline being determined by the value of the exponent, -0. 4 in this case. By plugging in different values for t, one can easily calculate the predicted ticket sales for a movie at any given time.

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