Lily is watering her grandmothers plants she is using a watering can that holds 58 gallon of water Lilly feels the watering can
2 answers:
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Answer:
The Z score of the person is -3.09.
Step-by-step explanation:
The standard normal deviate (Z) for a normal distribution is given by
where,
X = the value of observation
is mean of the observations and
σ = standard deviation of the score
Applying values we get
Answer:
<em>Mrs. Adams will earn $3,120 of interest at the end of year 8.</em>
Step-by-step explanation:
<u>Simple Interest</u>
In simple interest, the money earns interest at a fixed rate, assuming no new money is coming in or out of the account.
We can calculate the interests earned by an investment of value A in a period of time t, at an interest rate r with the formula:
Mrs. Adams deposited an amount of A=$12,000 into an account that earns an annual simple interest rate of r=3.25%. We must find the interest earned in t=8 years. The interest rate is converted to decimal as:
The interest is then calculated:
Mrs. Adams will earn $3,120 of interest at the end of year 8.