1, 3, 5, 7, 8, 11, 13, 15 is the answer.
Answer:
Step-by-step explanation:
Each year, the balance is multiplied by (1+r) where r is the annual interest rate.
(a) Balance at the end of year 1:
$6000×1.09 = $6540
(b) Balance at the end of year 2:
$6540×1.09 = $7128.60
5.67 (performed on a calculator)
1) Mean= Sum of total Observation/ Total no.of observation
Mean= 42/6=7
option (b) 7
2)To calculate Median first arrange the numbers in a numerically ascending order.
Since, there are even no.of total Observation median will be the mean of two middlemost terms.
3,6,7,9,9,10
Middle terms are 7 and 9
Median= 7+9/2= 8
option(c) 8
T = 40000 + 40000(1.03) + 40000(1.03)^2 + ... + 40000(1.03)^15
Multiply the above equation by 1.03 giving
1.03(T) = 40000(1.03) + 40000(1.03)^2 + 40000(1.03)^3 + ... + 40000(1.03)^15 + 40000(1.03)^16
Now subtract the first equation from the second to give
0.03T = 40000(1.03)^16 - 40000
0.03T = 40000(1.03^16 - 1)
0.03T = 24188.26
T = 24188.26 / 0.03 = $806275.25
