Answered: A survey of interest rates for time… | bartleby

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 1E

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A survey of interest rates for time deposit of banking institutions in Metro Manila and those in a
selected city in Visayas revealed the following rates
Cities in Visayas
Cities in Metro
Manila
4.25%
5.10%
4.75%
6.25%
4.28%
4.00%
5.28%
5.65%
4.85%
5.80%
3.99%
4.33%
6.00%
5.21%
4.31%
4.21%
1. Find the variance and standard deviation of the time deposit rates for the cities of Metro Manila
and for the cities of Visayas
2. Are the interest rates higher in Metro Manila or those in Visayas?

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