The calculation uses the accumulated daily balance method (ADB).
We assume the statement is based on calendar month (rare!).
George owes $500 from beginning to end of June, so 30 days out of 30.
Interest accrued is 500*0.013*30/30=$6.50.
He also owes $2000 from June 12 to June 30, so 19 days inclusively.
Interest accrued is $2000*.013*(19/30)=16.47
Total interest at the end of the month=$6.50+$16.47=$22.97
Answer:
0.9544
Step-by-step explanation:
P(-2 < Z < 2) means that Z has mean 0 and standard deviation 2.
P(−2 < Z < 2) = F(2) - F(-2)
Using the Z - table,
F(2) = 0.9772
and F(-2) = 0.0228
Thus,
P(−2 < Z < 2) = 0.9772 - 0.0228 = 0.9544
This means that data within two standard deviation is 95%.
The answer to your question is “false”
