Calculate the interest in a year
Multiply the annual percentage of interest by the investment to find the interest.
interest in a year = 2% × 1,000
interest in a year = 0.02 × 1,000
interest in a year = 20
The annual interest is $20
Calculate the interest after 10 years
Multiply the annual interest by 10
interest 10 years = 20 × 10
interest 10 years = 200
The sum of interest after 10 years is $200
Find total investment
investment = first investment + interest in 10 years
investment = 1,000 + 200
investment = 1,200
The investment will be worth $1,200 in 10 years
Answer:
L - W = 2 and 2L + 2W = 68
Step-by-step explanation:
The two equations here are going to be-
Length minus width equals 2
L - W = 2
And
Length x 2 + Width x 2 = 68
2L + 2W = 68
Answer:
The critical value is T = 1.895.
The 90% confidence interval for the mean repair cost for the washers is between $48.159 and $72.761
Step-by-step explanation:
We have the standard deviation for the sample, so we use the t-distribution.
The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So
df = 8 - 1 = 6
90% confidence interval
Now, we have to find a value of T, which is found looking at the t table, with 6 degrees of freedom(y-axis) and a confidence level of
. So we have T = 1.895, which is the critical value.
The margin of error is:

In which s is the standard deviation of the sample and n is the size of the sample.
The lower end of the interval is the sample mean subtracted by M. So it is 60.46 - 12.301 = $48.159
The upper end of the interval is the sample mean added to M. So it is 60.46 + 12.301 = $72.761
The 90% confidence interval for the mean repair cost for the washers is between $48.159 and $72.761