Find the Amount of Money in an Account After 10

question 251

Multiple Choice

Find the amount of money in an account after 10 years if $2100 is deposited at 4% annual interest compounded annually.

• A) $3126.61
• B) $3130.75
• C) $3120.49
• D) $3108.51

---

Definitions:

Sample Proportion

The fraction of the sample that represents a particular outcome or attribute.

Test Statistic

A measurement derived from sampled data in a hypothesis test, employed to decide if the null hypothesis should be dismissed.

P-Value

The probability of observing a test statistic as extreme as, or more than, what was actually observed, assuming that the null hypothesis is true.

Null Hypothesis

A hypothesis that proposes no statistical significance between the two studied groups, assuming that any observed difference is due to sampling or experimental error.