Answer: The future value of the investment after 2 years is $807.8
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents the principal or amount invested.
R represents interest rate
T represents time in years
I = interest after t years
From the information given
T = 2 years
P = $700
R = 7.7%
Therefore
I = (700 × 7.7 × 2)/100
I = 10780/100
I = 107.8
The total amount in the account after 2 years would be
700 + 107.8 = $807.8
The t-test for the two means is appropriate in this situation because women and men are independent samples.
<h3>What are Independent Samples?</h3>
Independent samples are those that are chosen at random, ensuring that their results are independent of other observations' values.
The premise that samples are independent underlies many statistical analyses. Others are made to evaluate non-independent sample sets.
The Independent Samples t-Test analyzes the means of two separate groups to see if there is statistical support that the population mean values are statistically substantially different. A parametric test is the Independent Samples t-Test.
Learn more about Independent Samples here:
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48 flowers in 6 flower beds
josephine has $63
(400x) + (500x) + 600 = 900x +600
Answer:
81 people
Step-by-step explanation:
addition pretty much