Seema deposited $800 in a saving account earning 2.88% compounded annually. To the nearest cent, how much will she have in 16 ye
1 answer:
Answer:
1260.04
Step-by-step explanation:
The formula for compound interest is:
A = P(1+ where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period and t is the number of time periods elapsed. Since the deposit was compounded annually, just like the interest, we can omit the n in the equation.
Applying the formula to question:
800(1+ = 1260.04 (rounded off to nearest cent since it's money)
You might be interested in
The parameter of interest in this scenario is the proportion of all 1,000 students within the school who have "strict" parents or guardians.
<h3>How to calculate a test statistic?</h3>In Mathematics, the test statistics of a given sample is calculated by using this formula:
<u>Where:</u>
- x is the sample mean.
- u is the mean.
- is the standard deviation.
- n is the sample size.
In conclusion, a possible test statistic which can be used to estimate this parameter is the proportion of all students who have "strict" parents or guardians, based on the collected sample.
Read more on test statistic here: brainly.com/question/4621112
#SPJ1
A Google or Bing search box can be your friend, if you don't have a calculator with inverse trig functions. Most calculators that have trig functions also have the inverse functions, usually after a 2nd or "shift" key. Often, there is a mode setting for degrees or radians.
arcsin(0.33) ≈ 19°
arccos(0.47) ≈ 62°
arctan(1.21) ≈ 50°
arcsin(0.82) ≈ 55°
arcsin(0.33) ≈ 19°
arccos(0.47) ≈ 62°
arctan(1.21) ≈ 50°
arcsin(0.82) ≈ 55°