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GREYUIT [131]
3 years ago
12

How much can you accumulate in a savings plan if your annual year-end deposit is $500, and you earn 6% annual interest for 8 yea

rs?
S = p times 1 + r quantity to the n power minus 1 all over r
A. $7,265.40
B. $12,265.40
C. $4,948.73
D. $14,265.40
Mathematics
1 answer:
Anit [1.1K]3 years ago
3 0
Hi there
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r)^(t)-1)÷r]
Fv future value?
PMT 500
R 0.06
T 8 years

Fv=500×(((1+0.06)^(8)−1)÷(0.06))
Fv=4,948.73

Option c

Hope it helps
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3/4 ÷ 1/2

Step-by-step explanation:

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In analyzing the city and highway fuel efficiencies of many cars and trucks, the mean difference in fuel efficiencies for the 60
Olegator [25]

Answer:

7.38-1.96\frac{2.51}{\sqrt{601}}=7.18    

7.38+1.96\frac{2.51}{\sqrt{601}}=7.58    

For this case the confidence interval is given by :

7.18 \leq \mu \leq 7.58

Step-by-step explanation:

Data provided

\bar X=7.38 represent the sample mean for the fuel efficiencies

\mu population mean

s=2.51 represent the sample standard deviation

n=601 represent the sample size  

Confidence interval

The formula for the confidence interval of the true mean is given by:

\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}   (1)

The degrees of freedom for this case is given by:

df=n-1=601-1=600

The Confidence level for this case is 0.95 or 95%, and the significance level \alpha=0.05 and \alpha/2 =0.025 and the critical value is given by t_{\alpha/2}=1.96

Replcing into the formula for the confidence interval is given by:

7.38-1.96\frac{2.51}{\sqrt{601}}=7.18    

7.38+1.96\frac{2.51}{\sqrt{601}}=7.58    

For this case the confidence interval is given by :

7.18 \leq \mu \leq 7.58

8 0
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Answer:

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Step-by-step explanation:

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225 = 100 + x^{2} so x = \sqrt{125}

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