Answer:
The annual interest rate is 6.25%
Step-by-step explanation:
We have been given that
P = $50,000
I = $9,375
t = 3 years
r = ?
The formula for simple interest is given by
Therefore, the annual interest rate is 6.25%
I can give you the equations for the graph. First one would be y = 0.90x + 25 (25 being the y intercept) and the other one would simply be y = 1.35. If you have a graphing calculator like me you can use it when modeling the graph. Hopefully this helps!
Answer:
25% percent
Step-by-step explanation:
Answer:
We need a sample size of least 119
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of , we have the following confidence interval of proportions.
In which
z is the zscore that has a pvalue of .
The margin of error is:
95% confidence level
So , z is the value of Z that has a pvalue of , so .
Sample size needed
At least n, in which n is found when
We don't know the proportion, so we use , which is when we would need the largest sample size.
Rounding up
We need a sample size of least 119