Let the amount deposited (principal) be x, then the amount after the required time = 2x.
A = P(1 + r/n)^nt: where A is the future value = 2x, P is the principal = x, r is the rate = 0.75%, n is the number of accumulation in a year = 12, t is the number of years.
2x = x(1 + 0.0075/12)^12t
2 = (1 + 0.000625)^12t
log 2 = 12t log (1.000625)
log 2 / log (1.000625) = 12t
1109.38 = 12t
t = 92 years
Answer:
Step-by-step explanation:
1 is 60 2 i 60 and 3 is 61 ;)
Answer:
NO
Step-by-step explanation:
The changeability of a sampling distribution is measured by its variance or its standard deviation. The changeability of a sampling distribution depends on three factors:
- N: The number of observations in the population.
- n: The number of observations in the sample.
- The way that the random sample is chosen.
We know the following about the sampling distribution of the mean. The mean of the sampling distribution (μ_x) is equal to the mean of the population (μ). And the standard error of the sampling distribution (σ_x) is determined by the standard deviation of the population (σ), the population size (N), and the sample size (n). That is
μ_x=p
σ_x== [ σ / sqrt(n) ] * sqrt[ (N - n ) / (N - 1) ]
In the standard error formula, the factor sqrt[ (N - n ) / (N - 1) ] is called the finite population correction. When the population size is very large relative to the sample size, the finite population correction is approximately equal to one; and the standard error formula can be approximated by:
σ_x = σ / sqrt(n).
Answer:
hope this helps
Step-by-step explanation:do not need one really