How much would $500 invested at 4% interest compounded continuously be worth after 7 years, round to the nearest cent
1 answer:
You might be interested in
Using the z-distribution, it is found that the lower limit of the 95% confidence interval is of $99,002.
<h3>What is a z-distribution confidence interval?</h3>The confidence interval is:
In which:
is the sample mean.
- z is the critical value.
- n is the sample size.
is the standard deviation for the population.
In this problem, we have a 95% confidence level, hence, z is the value of Z that has a p-value of
, so the critical value is z = 1.96.
The other parameters are given as follows:
Hence, the lower bound of the interval is:
The lower limit of the 95% confidence interval is of $99,002.
More can be learned about the z-distribution at brainly.com/question/25890103
#SPJ1
Answer:
Squares:
1 is 12.4in
6.2 x 6.2 = 12.4
2 is 21 in
5 1/2 x 4 = 21
Triangles:
1 is 48 in
16+16+16=48
2 is 21 in
hoped that helped:P
Step-by-step explanation: