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zvonat [6]
1 year ago
10

James paid off the loan on his motorboat in the year 2006. He originally borrowed $6500 to buy the boat, but with simple annual

interest, he discovered that he paid a total of $8775 over the life of the loan. If James’s annual interest rate was 7%, in what year did his loan begin?
Mathematics
1 answer:
lara [203]1 year ago
6 0

Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. The number of years for which James took the loan is 5.

<h3>What is simple interest?</h3>

Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,

Amount after T years = P + SI

SI = PRT

where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.

James paid off the loan on his motorboat in the year 2006. He originally borrowed $6500 to buy the boat, but with simple annual interest, he discovered that he paid a total of $8775 over the life of the loan. Also, the annual interest rate is 7%. Therefore,

A = P + (PRT)

8775 = 6500 + (6500×0.07×T)

2275 = 6500×0.07×T

T = 5

Hence, the number of years for which James took the loan is 5.

Learn more about Simple Interest:

brainly.com/question/2793278

#SPJ1

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ANTONII [103]

The missing options are:

A.\ f(20) =5,000

B.\ f(5000) = 20

C. In the xy plane, point (20, 5,000) is on the graph y = f(x).

D. In the xy plane, point (5,000,20) is on the graph y = f(x)

Answer:

A.\ f(20) =5,000

C. In the xy plane, point (20, 5,000) is on the graph y = f(x).

Step-by-step explanation:

Given

Represent amount with y and weeks with x

So, we have:

x = 20 when y = 5000

Required

Select 2 correct options

A point on a graph can be illustrated using  (x,y)

So, when x = 20 and y = 5000 ----- given

(x,y) implies that:

(x,y) = (20,5000)

We got (20,5000) by substituting 20 for x and 5000 for y

<em />

<em>From the list of given options, the above represented of (x,y) is illustrated in option C</em>

Represent (x,y) as a function, we have:

y = f(x)

Substitute values for x and y

5000 = f(20)

Reorder

f(20) = 5000

<em></em>

The above is illustrated in option A

<em>Hence, A and C answers the question</em>

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3 years ago
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Answer:

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lisov135 [29]

Answer:

P(X = 0) = 0.03125

P(X = 1) = 0.15625

P(X = 2) = 0.3125

P(X = 3) = 0.3125

P(X = 4) = 0.15625

P(X = 5) = 0.03125

Step-by-step explanation:

For each toss, there are only two possible outcomes. Either it is tails, or it is not. The probability of a toss resulting in tails is independent of any other toss, which means that the binomial probability distribution is used to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

In which C_{n,x} is the number of different combinations of x objects from a set of n elements, given by the following formula.

C_{n,x} = \frac{n!}{x!(n-x)!}

And p is the probability of X happening.

Fair coin:

Equally as likely to be heads or tails, so p = 0.5

5 tosses:

This means that n = 5

Probability distribution:

Probability of each outcome, so:

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

P(X = 0) = C_{5,0}.(0.5)^{0}.(0.5)^{5} = 0.03125

P(X = 1) = C_{5,1}.(0.5)^{1}.(0.5)^{4} = 0.15625

P(X = 2) = C_{5,2}.(0.5)^{2}.(0.5)^{3} = 0.3125

P(X = 3) = C_{5,3}.(0.5)^{3}.(0.5)^{2} = 0.3125

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Answer:

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Step-by-step explanation:

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P(F/A)=\frac{0.6}{0.88}

P(F/A)=0.68

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