How much interest would you earn in 8 years if you deposited $500 into an account with a 3.1% annual simple interest rate? Group of answer choices $150.50 $15.50 $124 $167 Question 4 How many years did it take to earn $406.25 in interest given a principal of $650 and a simple interest rate of 2.5%? Group of answer choices 26 25 19 17
How much interest would you earn in 8 years if you deposited $500 into an account with a 3.1% annual simple interest rate? Group of answer choices $150.50 $15.50 $124 $167 Question 4 How many years did it take to earn $406.25 in interest given a principal of $650 and a simple interest rate of 2.5%? Group of answer choices 26 25 19 17
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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Question 3
How much interest would you earn in 8 years if you deposited $500 into an account with a 3.1% annual simple interest rate?
Group of answer choices
$150.50
$15.50
$124
$167
Question 4
How many years did it take to earn $406.25 in interest given a principal of $650 and a simple interest rate of 2.5%?
Group of answer choices
26
25
19
17
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