Bonita deposited $1300 into a bank account that earned 5.75% simple interest each year.
She earned $299 in interest before closing the account.
Principle = $1300
Rate = 5.75%
Simple interest = $299
Put all the value in the formulaTime = 4 years
Therefore
4 years was the money in the account .
Answer: Margin of Error = 1.944
Lower Bound = 3.052
Explanation:-
Attached below is a file for monthly Rate of return. Used an excel sheet to determine the confidence interval which seems relatively easier as compared to manual computation. The range below (A2:A40) shows the monthly
Functions used : Standard Deviation as= STDEV (A2:A40)
Sample Mean = AVERAGE(A2:A40)
Margin of Error = CONFIDENCE.T(D4,D5,D2)
Lower Bound Interval = D6-D7 = -3.052
If u check your answer on google ithink u can get
Answer:
N=0
Step-by-step explanation:
If we wanted to answer the question mathematically, we could solve like so:
17n=0.5n
17n-0.5n=0.5n-0.5n
16.5n=0
n=0
Step-by-step explanation: