1.04 ^ 1/12 = 0.086666666
or
1.04 ^ 1/12 = 13/150
Answer:
I think C i could be wrong tho
Step-by-step explanation:
Answer:
The proportion of student heights that are between 94.5 and 115.5 is 86.64%
Step-by-step explanation:
We have a mean
and a standard deviation
. For a value x we compute the z-score as
, so, for x = 94.5 the z-score is (94.5-105)/7 = -1.5, and for x = 115.5 the z-score is (115.5-105)/7 = 1.5. We are looking for P(-1.5 < z < 1.5) = P(z < 1.5) - P(z < -1.5) = 0.9332 - 0.0668 = 0.8664. Therefore, the proportion of student heights that are between 94.5 and 115.5 is 86.64%
Answer:
(1) The annual interest rate is 10%, that is greater than 8%
(2) The annual interest is bigger than 22.47% and that is greater than 8%
Step-by-step explanation:
We have the equation:

Where I is the earns in interest, n is the number of years and r is the annual interest rate.
For the first case, we can replace I by $210 and n by 2 as:

Solving for r, we get:







So, for the first case, the interest rate paid by the bank is 10% and it is greater than 8%
For the second case, we need to take the equation and solve for r as:





So, for the second case the rate need to be bigger than 22.47% and that is bigger than 8%