Answer:
The annual interest rate is 12.05%.
Step-by-step explanation:
The simple interest is given by the formula:
Where I denotes interest.
P denotes the principal amount.
R denotes the rate of interest
and T denotes the time period.
I=$160.67, P=$2000, t=8 months=8/12 years (Since 12 months=1 year so 1 month=1/12 year)
Hence, the annual interest rate is 12.05%.
Answer:
38.11%
Step-by-step explanation:
Given that:
Mean (μ) = 75, standard deviation (σ) = 5
Z score is a measure in statistics to determine the variation of a raw score from the mean. It is given by the equation:
To calculate the percentage of students scored between a 73 and 78 (C grade), we need to find the z score for 73 and then for 78.
For x = 73, the z score is:
For x = 78, the z score is:
From the probability distribution table:
P(73 < x < 78) = P(-0.4 < z < 0.6) = P(z < 0.6) - P(z < -0.4) = 0.7257 - 0.3446 = 0.3811 = 38.11%