Answer:
I would say that the Answer is 35 I hope this isnt wrong..
Answer:
If using simple interest, the formula is:
= Amount * ( 1 + rate * time)
= 20,000 * ( 1 + 4% * 5)
= $24,000
Interest = Balance after 5 years - Investment
= 24,000 - 20,000
= $4,000
Using Compound Interest:
= Amount * ( 1 + rate)^time
= 20,000 * ( 1 + 4%)⁵
= $24,333.06
Interest = 24,333.06 - 20,000
= $4,333.06
Answer: A. Statistic because the value is a numerical measurement describing a characteristic of a sample.
Step-by-step explanation: Statistic are used to describe values obtained from a data sample which are regarded as a subset of the data belonging to an entire population. Therefore, in statistical parlance, numerical measurement obtained from such dataset are called statistic. On the other hand, if data from which a numerical derivation was made is a population which consists of the entire set of observations belonging to a particular group of interest, then the numerical values obtained are referred to as a parameter.
Say the percentage increase is 25%. If you have the whole number of 30 then you would multiply 30 by .25. You should therefore get 7.5 once both are multiplied. That means you should add 7.5 to 30, and your final answer will be 37.5.
