You invest $1000 in an accound that pays 7.9% interest, compounded monthly. How much money is in the account at the end of three
2 answers:
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Answer:
99% Confidence interval: (1196,1973)
Step-by-step explanation:
We are given the following in the question:
Sample size, n = 20
Mean, μ = 1584
Standard Deviation, σ = 607
99% Confidence interval:
Putting the values, we get,
Thus, there is a 99% chance that it will break in approximately 1196 to 1972
Answer:
The answer in the explanation
Step-by-step explanation:
we have
Step 1
Determine the least common denominator (LCD) of all fractions in the equation
The LCD is equal to
Step 2
Multiply both sides of the equation by 6 to remove the fractions
Step 3
Solve for x
Group terms
Combine like terms