Find the square of the sum of 7 and 6.
2 answers:
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The simplest form of an interest equation is A = P(1+rt)
where A = the total amount of money at the end, P = the principal (or amount of money you started with), r = the rate in percent, and t = the time in years.
In this case, P = 15000, r = 0.03 (because 3% in decimal form is 0.03), and t = 1:
So, after 1 year he will get $15450 back, making him $450 more.
where A = the total amount of money at the end, P = the principal (or amount of money you started with), r = the rate in percent, and t = the time in years.
In this case, P = 15000, r = 0.03 (because 3% in decimal form is 0.03), and t = 1:
So, after 1 year he will get $15450 back, making him $450 more.
Answer:
(25.53, 37.87): 95% CI
(23.59, 39.81): 99% CI
Step-by-step explanation:
The margin of error of a confidence interval is given by:
In which is the standard deviation of the population and n is the size of the sample.
z is related to the confidence level. The higher the confidence level, the higher the values of z, and thus, we wider the confidence interval is.
In this question:
The narrower C.I. is the 95%, and the wider is the 99%. So
(25.53, 37.87): 95% CI
(23.59, 39.81): 99% CI