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sineoko [7]
2 years ago
5

Laura goes to a bank and opens a new account . She deposits $5,500. • The bank pays 1.6% interest compounded annually on this ac

count • Laura makes no additional deposits or withdrawals. Which amount is the closest to the account balance at the end of 4 years? O A.$5,852.00
B. $5,860.53
C.$5,940.00
D.$5,954.31 $​
Mathematics
1 answer:
Dima020 [189]2 years ago
5 0

Answer:

B

Step-by-step explanation:

formula= principal (1+(rate÷100))^number of years

5500(1+(1.6÷100))^4

5500 (1+0.016)^4

5500(1.016)^4

5500 (1.06555245)

5,860.53

$5,860.53

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Editors preparing a report on the economy are trying to estimate the percentage of businesses that plan to hire
goldfiish [28.3K]

The number of randomly selected employers that would have to be contacted is 9604

<h3>How to solve for the value of n</h3>

The confidence level is 95%

1 - 0.95 = 0.05

We have to get the z value at 0.05

0.05/2 = 0.025

Using the standard normal table, the critical value at 0.025 = 1.96

We have to define the probability as P = 50% = 0.5

we have to define q = 1 - 50% = 0.5

The formula that would be used to find the value of n is given as

n = pq\frac{Zc}{E} ^2

These variables used are:

pq = variance of population

E = margin of error = 0.01

critical value = Zc = 1.96

n = 0.5*0.5 (\frac{1.96}{0.01})^2

= 0.25 * 38416

= 9604

Hence the sample space is given as 9604

Read more on confidence interval here:

brainly.com/question/26658887

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1 year ago
Plsss help me :((((((
Valentin [98]

Answer:

Y-intercept: 0

Equation: y = 5/4x

7 0
3 years ago
I need help with this question
schepotkina [342]
V=763.02
If rounded to the nearest tenth V=763
5 0
3 years ago
I would like to know the answer for this question
g100num [7]
To put words into equations:
x+y+z =50
x=4y
4y=5z -> z= 4/5 y


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4 years ago
−8.5x + 0.36 = −3.04
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