What annual simple interest rate will increase Johnson Alexander's initial investment of $10,000 to $12,000 in five years?

1 answer:

3 0

The rate for such investment is 4% per annum. This will be computed as follows: $12,000 (Future value of money) less $10,000 ( Present value of money) is equal to $2,000 which will be then divided by 5 years and the it will give us the value of $400 per year. Then $400 will be divided by the $10,000 ( Present value of money) which gives us 4%.

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Answer:

A. AAS

Step-by-step explanation:

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A machine produces 3-inch nails. A sample of 10 nails is obtained and the lengths determined. After some calculation, the sample

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Answer:

The 90% confidence interval for the population mean length of nails produced by the machine.

(2.91562, 3.04438)

Step-by-step explanation:

Step:1

Given that the size of the sample 'n' = 10

Given that the mean of the sample (x⁻) = 2.98

Given that the standard deviation of the sample (s) = 0.09