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3 years ago

9

If $7500 is invested at an interest rate of 5% each year, what is the value of the investment in 4 years? Write an exponential f

unction and solve.

1 answer:

Vanyuwa [196]3 years ago

3 0

The answer is 9,116.3
7500*(1+0.05)^4

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Step-by-step explanation:

Part a

We have the following dataset given:

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We can begin calculating the sample mean with the following formula:

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Now we can calculate the sample deviation with the following formula:

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For this case we need to sort the value on increasing way:

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