Answer:
$607.75
Step-by-step explanation:
As a first approximation, compound interest will be slightly higher than simple interest for a relatively short time period. Here simple interest at 5% for 4 years will add 4×5% = 20% to the value, adding about $100 to the initial $500 value. That is, we expect the value in 4 years to be slightly more than $600.
The appropriate answer choice is $607.75.
_____
The actual amount can be calculated using the multiplier 1.05 for each of the 4 years, or 1.05^4 ≈ 1.21550625 for the entire period. Then the predicted item value is ...
$500 × 1.21550625 = $607.753125 ≈ $607.75
16. q-8=14
add 8 on both sides
q=22
Answer:
The appropriate hypothesis set for Andraya to test is:


Step-by-step explanation:
The makers of the game claim that the wheel has an equally likely probability of landing on each section.
That is, the makers claim that the probability of earning the grand prize is:

Andraya has played the game for several months and believes that the grand prize occurs less often than the game makers claim.
At the null hypothesis, we test if it happens as often as the makers claim, that is, the proportion is 0.125. So

At the alternate hypothesis, we test if it happens less ofter than the makers claim, that is, the proportion is less than 0.125. So

The appropriate hypothesis set for Andraya to test is:

