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dmitriy555 [2]
2 years ago
10

Savanna Smiles invested $5,000 for one year in a CD that earns interest at a rate of 3.5% compounded monthly. What is the intere

st earned during the year? (Hint: Use the appropriate formulas and round at the end.)

Mathematics
1 answer:
weeeeeb [17]2 years ago
5 0
We are asked to solve for the interest during the year given that it is compounded monthly, we are given with the formula A = P(1+r)^n. The solution is shown below:
A = P (1+r)^n
A = $5,000 (1+ 3.5/12)^(12*1)
A = $5,000 (1.000292)^12
A = $5,177.84

 
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Step-by-step explanation:

Hello!

The researcher developed a treatment to teach social skills to youth offenders. To test if the treatment is effective in increasing empathy compared to the standard treatment she randomly selected a group of 9 offenders and applied the new treatment and to another group of 9 randomly selected youth offenders, she applied the standard treatment. (Note: the data corresponds to two samples of 9 units each, so I've used those sizes to conduct the test)

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I hope this helps

(Box plot in attachment)

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