You deposit 700 in an account with an annual interest rate of 4%
1 answer:
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Answer: b) 15.7
<u>Step-by-step explanation:</u>
Look at the z-table (below) to find 0.2500
Notice that the value is not on the table but is between 0.2486 and 0.2517 which are located on the z-table at 0.67 and 0.68
The given value is closer to 0.2486 so use 0.67 as the z-score.
Now, let's find the x-value using the formula:
