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son4ous [18]
3 years ago
15

Tammi deposited $520 into a bank account that earned simple interest each year. After 5 years, she had earned $156 in interest.

Mathematics
1 answer:
AlekseyPX3 years ago
8 0

Answer: 6%

Okay, so this is how we are going to find the Interest rate (Work):

156/5=31.2

31.2 Dollars every year

31.2/520=.06

.06x100= 6% interest rate every year

I hope this helps, Have a great rest of your day. :)

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Answer:

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Step-by-step explanation:

t - 7/4 = 2/5 t

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Given the data:

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Null hypothesis ; H0: μ ≥ 16

Alternative hypothesis ; H1: < 16

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Using calculator,

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The test statistic, T

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Degree of freedom (df) = 10 - 1 = 9 at 0.05 significance level is 0.011275

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