During the interview, professionals from provincial and federal authorities discussed their use of additive equations. One interviewee, who works for the National Parks Service, provided information about a specific location in Washington, DC called the Ellipse. The Ellipse is a spacious grassy area situated to the south of the White House.
The Secret Service relies on calculations to plan security for the annual National Tree Lighting Ceremony on the Ellipse. The Ellipse is an oval shape with a major axis measuring 1048 ft. and a minor axis measuring 898 ft. In a coordinate system superimposed on the country, the center is at the origin and the major and minor axes align with the x- and y-axes.
The oval's equation is created through the actions of the Federal Reserve Bank's Board of Governors. The resulting interest rates from this equation have varying effects on consu
...mer spending and saving habits throughout the economy. To make predictions, the Federal Reserve's economists study selected households as a representation of the overall population.
For example, in one family they studied, the household made an investment for 1 year that earned $7.50 in simple interest. If the principal had been $25 more and the interest rate 1% less, the interest would have been the same.
Two equations can be generated from the statement, finding the principal and the rate. This can be done by utilizing the expression for simple interest, which is I = P * i * t with t = 1 (teacherschoice.com, 2003).
Mentions
- Weisstein. Eric W. “Ellipse”. Retrieved from the MathWorld-A Wolfram Web Resource: hypertext transfer protocol: //mathworld. tungsten. com/Ellipse. hypertext markup language. on March 29, 2007
- Unknown. (2003)
“Simle Interest Calculations”. Retrieved from the TeachersChoice.
Resource: hypertext transfer protocol://www.teacherschoice.com.au/sample_help_2_alg.htm.
On March 29, 2007, an article titled "Compound Interest" was retrieved from the Wikipedia website at the following URL: hypertext transfer protocol: //en.
wikipedia.org/wiki/Compound_interest on March 29, 2007
H. ; A; Mahler. P. H.
(1994). "Discrete Mathematics". In College Algebra ; Trigonometry with Applications. (pp.
(570-571). Iowa: Wm. C. Brown Communications. Inc.
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