The Amount of investment equals $974.83.
The continuous compound interest helps to calculate an investment that are reinvested into the balance over a infinite number of periods.
- The formula for continuous compound interest is A=P^e^(r*t)
Amount of investment = $535 * e^(6%*10)
Amount of investment = $535 * 1.82211880039
Amount of investment = $974.833558209
Amount of investment = $974.83
Therefore, the Option B is correct since the Amount of investment equals $974.83.
Read more about compound interest
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Answer:
7:30am to 5:00pm
Explanation:
In china the days are a bit longer causing school days to be longer as well
The confidence interval did give convincing evidence that there is difference in the population mean number of pairs of shoes for boys and girls at the school.
<h3>Why does the confidence
interval did give convincing evidence?</h3>
The interval is one that gave a good convincing evidence, based on the fact that the number 0 stands as NO difference ( (girls boys) and thus it is = 0 ).
It is also not not included in this interval and as such, it can mean that the difference in the mean number of shoes owned by girls and the mean number of shoes owned by boys is 0 .
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