Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
35-3m
35- 3×4
35-12
=23
1+x/5
1+80/5
1+16
=17
Answer:
1.5/6
2.1/6
Step-by-step explanation:
Answer:
The probability that the sample mean will lie within 2 values of μ is 0.9544.
Step-by-step explanation:
Here
- the sample size is given as 100
- the standard deviation is 10
The probability that the sample mean lies with 2 of the value of μ is given as
Here converting the values in z form gives
Substituting values
From z table
So the probability that the sample mean will lie within 2 values of μ is 0.9544.