Answer:
Dan will have $1,531.53 after 5 years.
Step-by-step explanation:
To find the answer, you can use the following formula to calculate the future value:
F= P(1 + r)^t
F= Future value
P= Present value= 1200
r= rate of interest= 5%
t= time= 5
F=1200(1+0.05)^5
A=1200(1.05)^5
A=1531.53
According to this, the answer is that Dan will have $1,531.53 after 5 years.
Answer:
interval = [17.3948 , 20.6052]
Step-by-step explanation:
given,
random sample (n) = 45
average product lifespan = 19 years
standard deviation = 4 years
confidence interval of 99 % = ?
we know,
t* = qt(1.99/2 + 44 ) = qt(0.995,44)
t* = 2.692
so,
interval




interval = [19 - 1.6052 , 19 + 1.6052]
interval = [17.3948 , 20.6052]
Answer:
12.5 inches is the correct answer.
Step-by-step explanation:
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