If £2000 is placed into a bank account that pays 3% compound interest per year, how much will be in the account after 2 years?
1 answer:
You might be interested in
Answer:
factorize form of the equation is , where
Step-by-step explanation:
Given Equation:
Adding the terms of 'x' and taking constants on the other side.
The sign of the constant will change on changing the side of it.
So, the value of 'x' is 1
The factorized form of the equation can be made by taking the common value from the equation i.e
Answer:
we reject H₀
Step-by-step explanation: Se annex
The test is one tail-test (greater than)
Using α = 0,05 (critical value ) from z- table we get
z(c) = 1,64
And Test hypothesis is:
H₀ Null hypothesis μ = μ₀
Hₐ Alternate hypothesis μ > μ₀
Which we need to compare with z(s) = 2,19 (from problem statement)
The annex shows z(c), z(s), rejection and acceptance regions, and as we can see z(s) > z(c) and it is in the rejection region
So base on our drawing we will reject H₀
