In a certain board game, a 12-sided number cube
1 answer:
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Answer:
The principal must be = $8991.88
Step-by-step explanation:
Formula for compound interest is:
Where A is the amount after 't' years.
P is the principal amount
n is the number of times interest is compounded each year.
r is the rate of interest.
Here, we are given that:
Amount, A = $15000
Rate of interest = 13 % compounded quarterly i.e. 4 times every year
Number of times, interest is compounded each year, n = 4
Time, t = 4 years.
To find, Principal P = ?
Putting all the given values in the formula to find P.
So, <em>the principal must be = $8991.88</em>
Answer:
So the answer for this case would be n=94 rounded up to the nearest integer
Step-by-step explanation:
Information given
represent the sample mean
population mean (variable of interest)
represent the population standard deviation
n represent the sample size
Solution to the problem
The margin of error is given by this formula:
(a)
And on this case we have that ME =120 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
The confidence2 level is 98% or 0.98 then the significance level would be and
, the critical value for this case would be
, replacing into formula (b) we got:
So the answer for this case would be n=94 rounded up to the nearest integer