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Answer:
Step-by-step explanation:
Given that a bank representative studies compound interest, so she can better serve customers. She analyzes what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years.
a) the interest if it is computed using simple interest. 12.00
= dollars
b) the interest if it is compounded annually.
= dollars
c) the interest if it is compounded semiannually
=
d) the interest if it is compounded quarterly.
=
e) the interest if it is compounded monthly.
=
If we rearrange the given data set from lowest to highest, we have
The minimum is 3.
The first quartile is the average of 6 and 7, which is 6.5
The median is the average of 8 and 10 which is 9.
The third quartile is the average of 12 and 15 which is 13.5.
The maximum is 18.
The minimum is 3.
The first quartile is the average of 6 and 7, which is 6.5
The median is the average of 8 and 10 which is 9.
The third quartile is the average of 12 and 15 which is 13.5.
The maximum is 18.