if i deposit 600 on a bank account and after 6 years the balance is 618. what is my simple interest rate.
1 answer:
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Answer:
2.35%
Step-by-step explanation:
Mean number of months (M) = 39 months
Standard deviation (S) = 10 months
According to the 68-95-99.7 rule, 95% of the data is comprised within two standard deviations of the mean (39-20 to 39+20 months), while 99.7% of the data is comprised within two standard deviations of the mean (39-30 to 39+30 months).
Therefore, the percentage of cars still in service from 59 to 69 months is:
The approximate percentage of cars that remain in service between 59 and 69 months is 2.35%.