How do you know to use GCF or LCM to solve a word problem?
1 answer:
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We have been given that in an account an amount of 7,650 is invested at 9.15 percent compounded quarterly for 8 years and 6 months.
We will use compound interest formula to find our answer.
,
Where, P= principle amount, A= amount after T years, n= period of compounding and r = interest rate (decimal).
Let us substitute our given values in our formula.
Therefore, after 8 years and 6 months our amount will be 16505.497.
Answer: 2.093
Step-by-step explanation:
As per give , we have
Sample size : n= 20
Degree of freedom : df= n-1=19
Significance level :
Since , the sample size is small (n<30) so we use t-test.
For confidence interval , we find two-tailed test value.
Using students's t-critical value table,
Critical t-value :
Thus, the critical value for the 95% confidence interval = 2.093