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2 answers:
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Step-by-step explanation:
Used desmos, it is a graphing app that is easy to used
Answer:
$3628.24
Step-by-step explanation:
we use the formula for accrued value (A) with compounded interest:
where A= accrued value (principal plus the accumulated interest)
P = principal -> in our case $6000
r = annual interest rate (in decimal form) -> in our case 0.06
n = number of compoundings per year. In our case 2 (semiannually)
t = time in years -> in our case 8
Since this is the value of principal plus accumulated interest, we subtract from it the principal ($6000) to get the value of just the interest:
$9628.24 - $6000 = $3628.24
The score of 96 is 2 standard deviations above the mean score. Using the empirical rule for a normal distribution, the probability of a score above 96 is 0.0235.
Therefore the number of students scoring above 96 is given by:
Therefore the number of students scoring above 96 is given by: