Determine whether the given value is a solution of the equation.
1 answer:
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Answer:
3yrs
Step-by-step explanation:
Given parameters:
Capital = $700
Percentage interest = 4% per annum
Unknown:
Time it will take for amount to be = $784
Solution:
To find the simple interest on an amount;
I =
P is the principal
R is the rate
T is the time
I is the interest
Insert the parameters:
I =
I = 28T
So;
At the end of the duration:
Principal + Interest = Amount
700+28T = 784
28T = 784 - 700
28T = 84
T = 3yrs
Answer:
The degrees of freedom for this sample are 27.
The sample size to get a margin of error equal or less than 0.3656 is n=4450.
Step-by-step explanation:
The degrees of freedom for calculating the value of t are:
With 27 degrees of freedom and 95% confidence level, from a table we can get that the t-value is t=2.052.
The sample size to get a margin of error equal or less than 0.3656 can be calculated as: