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2 years ago

13

A bank representative studies compound interest so she can better serve customers. She analyzes what happens when 2,000 earns se

veral ways at a rate of 4% for 3 years

1 answer:

Law Incorporation [45]2 years ago

3 0

Answer:

Final amount = 25,407.4

Step-by-step explanation:

A = P ( 1 + $\frac{r}{t} )n^{}$

A = final amount

P = initial principal balance

r = interest rate

t = number of times interest applied per time period

Here P = 2000

r = 4 %

n = 3 years

A = 2000( 1 + $\frac{4}{3}$ )³

= 2000( $\frac{7}{3}$ )³

= 2000 × $\frac{343}{27}$

= 25,407 .4

Final amount = 25,407.4

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3 years ago

Suppose that you take a sample of 250 adults. If the population proportion of adults who watch news videos is 0.58, what is the

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Answer:

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Step-by-step explanation:

To solve this question, i am going to use the binomial approximation to the normal.

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$n = 250, p = 0.58$

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3 years ago

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Answer:

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