We have been given that Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. We are asked to find amount of interest earned at the end on 8 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Now we will subtract principal amount from final amount to find amount of interest as:
Therefore, Nicolas would have earned $1895.25 in interest at the end of 8 years.
Answer:
b perpendicular
Step-by-step explanation:
all that is needed to do is the Y2 - y1 / X2 - X1 formula and then compare the two slopes making sure they are inverse opposites
Line 1) -7 -8 / -3 -2 X= 3X
Line 2) -3 - 0 / 12 - 3 X = -1 / 3X
Because they are inverse opposites of each other they are perpendicular had they had the exact same slopes they would have been parallels.
Could you take a little bit clear picture? :)
Answer: No, New York students are not truly more nerdy than the California students.
Step-by-step explanation:
Since we have given that
Number of students in a group = 50
Mean score of New York psychology = 530
Mean score of California psychology = 515
Standard deviation = 80
So, we will find t-distribution first.
Let α = 5% = 0.05
So, 
Since t < t(critical value)
No, New York students are not truly more nerdy than the California students.
