$279.84 interest is earned
Invested amount (P) = $300.
Time in years (t) = 2 years.
Balance after 2 years (A) = $329.49.
Let us assume rate of interest = r % compounds annually.
We know, formula for compound interest

Plugging values in formula, we get




Taking square root on both sides, we get





r=0.048.
Converting it into percentage by multiplying by 100.
r=0.048 × 100
r = 4.8 %
Therefore, the rate of interest on the account is 4.8% compounds annually.
Answer:
each bottle was 1.25
Step-by-step explanation:
subtract 3.25 from 9.50 and then divide that answer by 5 for the 5 bottles of lemonade
Answer:
Step-by-step explanation:
Answer:
The 98% confidence interval for the mean consumption of milk among people over age 32 is between 3.3 and 3.5 liters.
Step-by-step explanation:
We have that to find our
level, that is the subtraction of 1 by the confidence interval divided by 2. So:

Now, we have to find z in the Ztable as such z has a pvalue of
.
That is z with a pvalue of
, so Z = 2.327.
Now, find the margin of error M as such

In which
is the standard deviation of the population and n is the size of the sample.

The lower end of the interval is the sample mean subtracted by M. So it is 3.4 - 0.1 = 3.3 liters
The upper end of the interval is the sample mean added to M. So it is 3.4 + 0.1 = 3.5 liters
The 98% confidence interval for the mean consumption of milk among people over age 32 is between 3.3 and 3.5 liters.