The compounded interest function that models the situation is:

where

is the final amount of money after

years.

is the initial investment.

is the interest rate in decimal form.

is the number of times the interest is compounded per year.

is the time in years.
We know for our problem that

and

. To convert the interest rate to decimal form, we are going to divide the rate by 100%:


We also know that the interest is compounded anally, so it is compounded 1 time per year; therefore,

.
Lets replace the values in our formula to find the final amount after 8 years:




We can conclude that since we are dealing with compound interest we must use the function

. Also, after 8 years the balance in the account will be $1291.58
Answer:
(-16.494 ; -3.506)
Step-by-step explanation:
student Prob A Prob B difference, d (A-B)
1 20 35____ - 15
2 30 40 ___ - 10
3 15 20 ___ - 5
4 40 50 __ - 10
Difference, d = -15, -10, -5, -10
Xd = Σd/ n = - 40 / 4 = - 10
Standard deviation of d ; Sd = 4.082
The confidence interval for the difference is given as :
Xd ± Tcritical*(Sd/√n)
Tcritical at 95%; df = n - 1 ; 4 - 1 = 3
Tcritical(0.05, 3)). = 3.182
C.I = -10 ± 3.182(4.082/√4)
C.I = -10 ± 6.494462
C. I = (-16.494 ; -3.506)
Answer:
a
Step-by-step explanation:
Answer:
6
Step-by-step explanation:
-3(1/3)+7
6...this is it
Answer:
Step-by-step explanation:
First move the numbers from the Left hand side to the right hand side. To do so, as it is an equation i.e. both sides must remain the same, you add or subtract the same numbers on both side.
5 + 13k - 61 = 17
5 - 5 + 13k - 61 + 61 = 17 - 5 + 61
13k = 73
k = 73 / 13
k = 5.62 (approximately)