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3 years ago

Peyton received a graduation gift from his grandparents of $12,700. He

Mathematics

1 answer:

arlik [135]3 years ago

7 0

Answer:

Peyton's account will have $13,842.18 after a year.

Step-by-step explanation:

Given that Peyton received $ 12,700 and decided to invest it for a year in an account that grants an interest of 8.8% per year, compounded semiannually, to determine the amount of money that will be in said account after the passage of one year, it is necessary to perform the following calculation:

X = 12,700 (1 + 0.088 / 2) ^ 1x2

X = 13,842.18

Therefore, after a year has passed, Peyton's account will be $ 13,842.18.

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Step-by-step explanation:

For this problem we want to test the following:

Null hypothesis: $\mu_1= \mu_2$

Alternative hypothesis: $\mu_1 =\neq \mu_2$

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$\sigma =\sigma_1 =\sigma_2$

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$df= 20+20 -2= 38$

And the best answer would be:

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4 years ago

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