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andre [41]
2 years ago
8

you deposit $2000 in an account earning 3% interest compounded monthly. How much will you have in the account in 10 years?

Mathematics
1 answer:
Hitman42 [59]2 years ago
8 0
If it’s 3% that’s 36% a year which means 360% in ten years. $2000+360%=$9200
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Step-by-step explanation:

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(5.4582 ; 6.8618)

Step-by-step explanation:

Given the data:

6 10 2 6 3 3 3 6 6 6 6 5 8 9 10 10 7 9 3 6 5 10 9 9 10 3 8 6 6 3 3 6 6 5 4 10 9 3 5 7 10 6 3 8 6 8 3 3 5 5

Sample mean, xbar = Σx / n

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xbar = 308 / 50 = 6.16

Using a Calculator :

The sample standard deviation, s = 2.469

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Margin of Error = Tcritical * s/sqrt(n)

Tcritical at 95% ; df = 50 - 1 = 49

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Upper boundary : (6.16 + 0.7018) = 6.8618

(5.4582 ; 6.8618)

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Answer:

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Step-by-step explanation:

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