3% = 3/100 = 0,03
When it's compount interest it's 1,03 because you gain 3% more from what you already have.
All you need to do
1,03•2000=2060$ for the first year
And then for the second year, you take the actual amount after one year of 3%
1,03•2060=2121,8
After two years, there will be 2121,8$
Answer: 60.93 < μ < 69.07
Step-by-step explanation: The true mean of a set of data is between an interval of values with a percentage of precision, e.g., a <u>99% confidence interval</u> means we are 99% confident the true mean is between the lower and upper limits.
To find the interval, use
x±
z is z-score related to the % of confidence level
In this case, a 99% confidence interval is 2.576
x is sample mean
Calculating:

x = 65
65±
65±4.07
Confidence Interval: 60.93 < μ < 69.07
Meaning that we are 99% sure the population means is between 60.93 and 69.07.
61.67$ because you round the 7 up to the nearest hundredth