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2 years ago

If money in a savings account earned 8% interest per annum, how much nterest would be earned on $150.00 over three years?

Mathematics

1 answer:

Pani-rosa [81]2 years ago

7 0

Answer:

$36

Step-by-step explanation:

Given :

Interest rate, r = 8% = 0.08

Principal, P = 150

Time, t = 3 years

Simple interest = (principal * rate * time)

Simple interest = (150 * 0.08 * 3)

Simple interest = $36

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Refer to the data set of body temperatures in degrees Fahrenheit given in the accompanying table and use software or a calculato

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The mean of the dataset is the average, while the median is the middle element.

The mean and the median of the given dataset is 98.2
The results support the common belief that the mean body temperature is 98.6F

The mean of the dataset is calculated using:

$\bar x = \frac{\sum x}{n}$

So, we have:

$\bar x = \frac{99.2+ 99.2 +98.2+............+97.7}{48}$

$\bar x = \frac{4715}{48}$

$\bar x = 98.2$

The median position is:

$Median = \frac{1}{2}(n + 1)$

$Median = \frac{1}{2}(48 + 1)$

$Median = \frac{1}{2}(49)$

$Median = 24.5$

This means that the median is the average of the 24th and 25th element

Using the sorted dataset, we have:

$Median = \frac{1}{2}(98.2 + 98.2)$

$Median = 98.2$

Because the calculated mean and the common belief (98.6) are close, then we can conclude that the results support the common belief that the mean body temperature is 98.6F