For this Q:
mean=31
st.dev.=0.8
x=32
Calculate z-score:
z=(x-m)/s = (32-31)/0.8=1.25
This z-score value corresponding to the probability of 0.8944
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Leo's balance after 9 months will be: $1757.49
Step-by-step explanation:
It is given that the balances follow a geometric sequence
First of all, we have to find the common ratio
Here

Common ratio is:

So r = 1.02
The general form for geometric sequence is:

Putting the first term and r

To find the 9th month's balance
Putting n=9

Rounding off to nearest hundredth
$1757.49
Hence,
Leo's balance after 9 months will be: $1757.49
Keywords: Geometric sequence, balance
Learn more about geometric sequence at:
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