Which measure summarizes all of the values of a data set with a single number?
2 answers:
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Answer:
Step-by-step explanation:
The amount formula in compound interest is:
where:
P = principal amount
r = annual interest
n = number of compounding periods
t = number of years
We already know that:
P = $10000
n = 4 (quarterly in a year)
a ) t = 5 years
b) t = 10 years
c) t = 15 years
