First, write out all the values:
40,41,41,45,48,48,49,49,49,50
Then to find the mean, you add all the values and divide by the number of values (there are 10 values)
(40+41+41+45+48+48+49+49+49+50)/10
460/10
=46
Hope this helps
Answer:
F- the first answer choice
Step-by-step explanation:
Answer:
- 5.9%
Step-by-step explanation:
Data provided in the question :
Future value of the amount invested = $4,600
Principle i.e amount of purchase = $7,500
Time, n = 8 years
Now,
let the interest rate be 'i'
using compounding
$4,600 = $7,500 × (1 + i)⁸
or
0.613 = (1 + i)⁸
or
1 + i = 0.941
or
i = -0.059
or
interest rate = - 5.9%
Here negative sign means loss
