Orlando invested $16,000 in an eight-year CD bearing 6.5% simple annual interest, but needed to withdraw $3,500 after five years
2 answers:
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Answer:
<u>70 square units</u>
Step-by-step explanation:
<em>I have plotted the points on the coordinate system and connected roughly using a red line. Image is attached. </em>
The arrow created, consists of a TRIANGLE and a RECTANGLE. The area of the arrow would be:
Area of Arrow = Area of Triangle + Area of Rectangle
Area of Triangle = 0.5 * base * height
Base is 12 units
Height is 7 units, so
Area of Triangle = 0.5 * 12 * 7 = 42
Now,
Area of Rectangle = length * height
Length is 7
Height is 4
Area of Rectangle = 7 * 4 = 28
<u>Area of Arrow = 42 + 28 = 70 square units</u>
Answer:
2401
Step-by-step explanation:
Given that we want to estimate average income in a population.
The standard deviation of income in the population is $1,000
We want confidence interval around our estimate to be +/- $40
i.e Margin of error = 40
We know that margin of error = Std error * Z critical for 95%
i.e.
Std error =
Together we get