Answer:
The money was invested for 8 years.
Step-by-step explanation:
Given that a principal of $ 20,000 is invested at 6.25% and earns $ 10,000 simple interest, to determine how many years has the money been invested, the following calculation has to be performed:
(20,000 x 0.0625) x X = 10,000
1,250X = 10,000
X = 10,000 / 1,250
X = 8
Thus, the money was invested for 8 years.
I hope it can help you hehe
Answer:
Step-by-step explanation:
Information given
represent the sample mean for the sample
population mean (variable of interest)
s=4.9 represent the sample standard deviation
n=8 represent the sample size
Confidence interval
The confidence interval for the mean is given by the following formula:
(1)
the degrees of freedom are given by:
Since the Confidence is 0.95 or 95%, the value of
and
, and the critical value for this cae would be
Now we have everything in order to replace into formula (1):
207 divide 31 = 6.7 miles per day
y= days
x= distance
y=6.7