The answer to this question is option C
That does not make any since...
Answer:
8 years
Step-by-step explanation:
Compound interest formula

A(t) is the final amount 55000
A_0= 40000, r= 4% = 0.04, for quarterly n=4

divide both sides by 40000


Take ln on both sides

divide both sides by ln(1.01)

Divide both sides by 4
t=8.00108
So it takes 8 years
Answer:
44.16 ; 4.88
Step-by-step explanation:
Recall :
Mean, μ = np
Sample size, n = 96
Sample proportion, p = 0.46
For the mean :
Mean, μ = 96 * 0.46
0.46 * 96 = 44.16
The standard deviation :
σ = √npq
q = 1 - p = 1 - 0.46 = 0.54
σ = √npq = √(96 * 0.46 * 0.54)
σ = √23.8464
σ = 4.88