Invested amount (P) = $300.
Time in years (t) = 2 years.
Balance after 2 years (A) = $329.49.
Let us assume rate of interest = r % compounds annually.
We know, formula for compound interest
Plugging values in formula, we get
Taking square root on both sides, we get
r=0.048.
Converting it into percentage by multiplying by 100.
r=0.048 × 100
r = 4.8 %
Therefore, the rate of interest on the account is 4.8% compounds annually.
Answer: x
+
15
y
Step-by-step explanation:
What formula is you using r or what do you have to show work ?
Answer:
The statement makes conclusions about the proportion of citizens of the United States of America with respect to a particular opinion. These conclusions or inferences are obtained from the statistical analysis of a sample of said citizens, assuming a probabilistic distribution for the variable of interest (proportion). This type of analysis is part of the interval estimation theme that is part of the statistical inference or mathematical statistics.
Step-by-step explanation: