I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
Answer:
The distribution is skewed, so use the five-number summary. range: 38, median: 16, half of the data are between 9.5 and 25
Step-by-step explanation:
In the picture attached the histogram is shown. We can see that data is skewed to the right, so we have to use the five-number summary. The range of the data is 39 - 1 = 38 (subtraction of the maximum value to the minimum value); the median is (15 + 17)/2 = 16 (if you order the values, 15 and 17 are in the middle); quartile 1 is 9.25 and quartile 3 is 25.5 (see diagram of box and whisker attached), then half of the data are between those values.
Answer:
its the root 11
Step-by-step explanation: