Answer:
The amount becomes $6964.53 after 3 years .
Step-by-step explanation:
Formula

Where P is the principle , r is the rate of interest in the decimal form and t is the time in the years .
As given
Earl invested 6,000 in a money market account that pays 5% interest quarterly for 3 years .
P = $6000
5% is written in the decimal form.

= 0.05
r = 0.05
t = 3 years
Putting all the values in the formula




Therefore the amount becomes $6964.53 after 3 years .
Answer:
There is sufficient evidence. A further explanation is provided below.
Step-by-step explanation:
According to the question,
The alternative as well as null hypothesis will be:


The test statistics will be:
⇒ 
By putting the values, we get
⇒ 
⇒ 
⇒ 
Or,
The p-value will be:
= 0.0071
i.e.,
⇒ 
Thus the above is the correct answer.
So we are given the expression:
÷ 
When we divide fractions, we must flip the second term and change the sign to multiplication:

And then we multiply across:

Then we can break apart all of the like variables for simplification:

When we simplify variables through division, we subtract the exponent of the numerator from the exponent of the denominator. So we then have:



So then we multiply all of these simplified parts together:

So now we know that the simplified form of the initial expression is:
.