The compound interest formula is : 
where, A= Future value including the interest,
P= Principle amount, r= rate of interest in decimal form,
t= number of years and n= number of compounding in a year
Here, in this problem P= $ 51,123.21 , t= 20 years and 2 months
So, t= 20 + (2/12) years
t= 20 + 0.17 = 20.17 years
As the amount is compounded daily, so n= (12×30)= 360 [Using the traditional Banker’s rule of 30 days per month]
Thus, 
When the interest rate is given, then we can use this equation for finding the future value.
Answer:
9r+13
Step-by-step explanation:
To solve this question, all we need to do is simplify the equation.
The equation is 8r+7+4+r. To simplify, we need to add like terms.
8r+r+7+4=9r+13
9r+13 is the equivalent equation to 8r+7+4+r.
Hope this helps!
Answer: 15, 17, 19
Step-by-step explanation:
Answer:
2.5th percentile and the 97.5th percentile.
Step-by-step explanation:
We have that to find our
level, that is the subtraction of 1 by the confidence interval divided by 2. So:

So we obtain the 0.025*100 = 2.5th percentile and the (1-0.025)*100 = 97.5th percentile.
So the answer is:
2.5th percentile and the 97.5th percentile.