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Brums [2.3K]
2 years ago
12

Jimmy invests $7,000 in an account that pays 3% interest compounded semi-annually. What is his balance after 8 years?

Mathematics
1 answer:
Bumek [7]2 years ago
7 0

Answer:

$8882.9

Step-by-step explanation:

A=p(1+(r/n))^nt

Given:P=7000, r=(3÷100%)=0.03 , n=2, t=8

A = 7000(1+(.03/2))^(2×8)

A = 7000 (1+0.015)^16

A = 7000 × 1.015^16

A = $8882.9

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The federal government would like to test the hypothesis that the average age of men filing for Social Security is higher than t
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624

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8 0
2 years ago
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2 years ago
Days on the market are shown for the 36 most recent home sales in the city of Sonando Hills. 16546208818045851658823266716813621
Volgvan

Solution

Given the question in the image, the following are the solution steps to answer the question.

STEP 1: Write the given data

\begin{gathered} 165,46,20,88,180,45,85,165,8,8,23,26,67,168,136,21,143,8,84,22,106,131,16,152,171,64,33,116,151,117,99,61,159 \\ 73,51,136 \end{gathered}

STEP 2: Find the mean

\begin{gathered} mean=\frac{sum\text{ of data values}}{number\text{ of data values}} \\ sum\text{ of data values}=3144 \\ Number\text{ of data values}=36 \\ mean=\frac{3144}{36}=87.33333333\approx87.33 \end{gathered}

mean is 87.33

STEP 3: Find the median

undefined

5 0
10 months ago
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