Principal amount of money deposited by Mat in the bank = $2000
Rate of simple interest given by the bank = 10%
Number of years for which the money is kept in the bank = 5 years
As no money was withdrawn from the account, so
Amount after 5 years = Principal [1 + (Rate * Time)]
= 2000 [ 1 + (10/100) * 5]
= 2000 [ 1 + (1/2)]
= 2000 * (3/2)
= 1000 * 3
= 3000 dollars
So the amount of money made by Mat after 5 years will be $3000.00
The answer is never, that is, on a 2 dimensional plane. You can perform an experiment to see why it is the case. On curved surfaces though, two lines can intersect one another more than once. For instance, on the surface of planet Earth, two lines can intersect one another, both at the Earth's North Pole and South Pole.
Answer:
(53.3; 56.1)
Step-by-step explanation:
Given that:
Sample size, n = 41
Mean, xbar = 54.7
Standard deviation, s = 5.3
Confidence level, Zcritical at 90% = 1.645
Confidence interval :
Xbar ± Margin of error
Margin of Error = Zcritical * s/sqrt(n)
Margin of Error = 1.645 * 5.3/sqrt(41)
Margin of Error = 1.362
Lower boundary = 54.7 - 1.362 = 53.338
Upper boundary = 54.7 + 1.362 = 56.062
(53.3 ; 56.1)
