Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer:
well theres a four in ten chance that you'll draw a red one then there's a six in ten chance of drawing a blue
Step-by-step explanation:
Yes because if you divide 4 by 67 you get about 0.0597 and if you divide 5 by 777 then you get about 0.0064 and 0.0597 is greater than 0.0064
Answer:
4th choice
Step-by-step explanation:
Volume of cylinder: 2(pi)r^2+2pi(r)h
Since in this case we are
only using the variance of the sample and not the variance of the real population,
therefore we use the t statistic. The formula for the confidence interval is:
<span>CI = X ± t * s / sqrt(n) ---> 1</span>
Where,
X = the sample mean = 84
t = the t score which is
obtained in the standard distribution tables at 95% confidence level
s = sample variance = 12.25
n = number of samples = 49
From the table at 95%
confidence interval and degrees of freedom of 48 (DOF = n -1), the value of t
is around:
t = 1.68
Therefore substituting the
given values to equation 1:
CI = 84 ± 1.68 * 12.25 /
sqrt(49)
CI = 84 ± 2.94
CI = 81.06, 86.94
<span>Therefore at 95% confidence
level, the scores is from 81 to 87.</span>