Answer:
$1348.07
Step-by-step explanation:
Hello!
<h3>Compound Interest Formula:

</h3>
- A = Account Balance
- P = Principle/Initial Amount
- r = Rate of Interest (decimal)
- n = Number of times compounded (per year)
- t = Number of Years
<h3>Given Information</h3>
- Account Balance = ?
- Principle Amount = $1000
- Rate of Interest = 0.02
Why is the Rate 0.02?
This is because we are gaining money, so the multiplier should be greater than 1. We already added 1, which is 100% so you simply add the 0.02 for the extra 2%.
- Number of times compounded per year = 6
This is because it is being compounded bi-monthly, or once every 2 months. 12 months divided by 2 months is 6 months, so 6 times a year.
<h2>Solve </h2>
Solve by plugging in the given values into the formula.
This is really close to the first option, and since there is rounding involved with the repeating decimal, the first option should be correct.
The answer is $1348.07.
Do 7/8 divided by 3/16.
Multiply by the reciprocal of 3/16 which is 16/3
7/8 x 16/3= 112/24
Simplify by dividing by 8 on top and bottom
14/3
Change it into a mixed number
Answer is 4 2/3
To find the interquartile range, you will list the data that is presented in the stem and leaf plot.
Find the median of the data (30.5)
Find the median of the lower half and the median of the upper half.
Subtract these two values.
The data are <u>20</u>, 25, 30, 30, 31, 40, 41, <u>49</u>.
27.5 40.5
40.5-27.5 = 13
The interquartile range is 13.