Answer:
$3530.3541
Step-by-step explanation:
Given that:
Principal = 2200
Interest rate compounded annually (r) = 3%
Time (t) = 16 years
Using the compound interest formula :
A = P(1 + r/n)^n*t
A = final amount
n = number of times interest is applied per period
A = 2200(1 + 0.03)^16
A = 2200(1.03)^16
A = 2200 * 1.60470643909878751793
A = $3530.3541
Hence, amount in account on his 16th birthday will be $3530. 3541
Answer:
Normally Distributed.
Explanation:
After plugging all those numbers into a calculator you can see that the graph isn't left skewed, making both "left skewed" and "all of the above" <em>not an answer.</em> "correlated with a second set of data" is also <em>wrong</em> since there was no second set of data given. That leaves you between "uniformly distributed" and "normally distributed" This graph doesn't show a uniformly distributed graph, which leaves you with the final answer, normally distributed.
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