Answer:
a) n = 100
s = 8
Confidence interval = 95%
Z at 95% = 1.96
Confidence interval formula : to
Substitute the values :
Confidence interval : to
Confidence interval : to
b)n = 200
s =11
Confidence interval = 90%
Z at 90% = 1.64
Confidence interval formula : to
Substitute the values :
Confidence interval : to
Confidence interval : to
Answer:
$ 118.80
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 9%/100 = 0.09 per year,
then, solving our equation
I = 660 × 0.09 × 2 = 118.8
I = $ 118.80
The simple interest accumulated
on a principal of $ 660.00
at a rate of 9% per year
for 2 years is $ 118.80.