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Crank
2 years ago
7

In the monthly rate payment formula M= Pr(1+r)^n/(1+r)^n-1, what value do you give r if the interest rate is 7.3%?

Mathematics
1 answer:
ycow [4]2 years ago
7 0

Answer:

  r = 0.073/12 ≈ 0.0060833...

Step-by-step explanation:

In the given amortization formula, the interest rate (r) is the rate for one payment period.

<h3>Period interest rate</h3>

The given 7.3% interest rate is presumed to be a nominal annual interest rate. Since there are 12 months in a year, the corresponding monthly interest rate is ...

  7.3%/12 = 0.073/12 ≈ 0.00608333...(repeating)

The value of r that goes in this formula is 0.0608333...(repeating).

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Radioactive isotopes are commonly used to estimate artifact ages. Let X be the time in years for a Carbon-14 atom to decay to Ni
Alexeev081 [22]

Answer:

a) 1 / years

b) P ( 5000 < X < 6000) =  0.06222

c) 8267 years

d) T_1/2 = 5730.25 years          

Step-by-step explanation:

Given:

- The decay constant λ = 1 / 8267

- X is an exponential random Variable

Find:

a. What are the units of What are the units of λ?

b. What is the probability the decay time is between 5000 and 6000 years?

c. Compute SD(X).

d. Compute the median decay time. The result is called the half-life of Carbon-14?

Solution:

- The decay constant λ means the rate at which the C-14 atoms decays into N-14 atom. The rate is expressed in units of 1 / year.

- The random variable X follows an exponential distribution which has a probability mass function and cumulative density functions as follows:

                    P ( X = t ) = λ*e^(-λ*t)

                    P ( X = t ) = e^(-t/8267) / 8267

                    P ( X < t ) = 1 - e^(-λ*t) = 1 - e^(-t/8267)

- The probability of the decay time between years 5000 and 6000 years is:

                    P ( 5000 < X < 6000) = 1 - e^(-6000/8267) - 1 + e^(-5000/8267)

                    P ( 5000 < X < 6000) =  0.06222

- The standard deviation of the exponential distribution is given by:

                    SD(X) = 1 / λ = 8267 years

- The median decay time for an exponential distribution is given by:

                    T_1/2 = Ln(2) / λ = Ln(2)*8267

                    T_1/2 = 5730.25 years                        

3 0
3 years ago
Read 2 more answers
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grigory [225]

Answer:

Area = 60.0 units²

Step-by-step explanation:

First, let's find the height of the triangle using Pythagorean Theorem:

Height = √(11² - 8²)

= √57

Height = 7.5 (nearest tenth)

✔️Find the area:

Area = ½*base*height

Base = 2*8 = 16

Height = 7.5

Plug in the values

Area = ½*16*7.5

Area = 60.0 units² (nearest tenth)

3 0
3 years ago
Someone would help me find the angle measure y
dsp73

Answer:

y = 65°

Step-by-step explanation:

z = 70° (corresponding angels are equal)

y + z = 135° (exterior angle theorem of a triangle)

y + 70 = 135 (substitution)

Subtract 70 from each side

y + 70 - 70 = 135 - 70

y = 65

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3 years ago
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irinina [24]

Answer:

47

Step-by-step explanation:

The missing angle is complementary to the angle shown and together they from 90.

Your missing angle is 90 - 43

6 0
3 years ago
Distance
Slav-nsk [51]

Answer: 28 km

Step-by-step explanation: For the first 25 minutes, he drove 60 km/h. Since there is 60 minutes in an hour, we know that he drove 25 km. The rest of the journey is 15 minutes. 15 minutes is 1/4 of an hour, so get 1/4 of 12 km/h. This would be 3 km. Add 25 km and 3 km. The distance between the 2 malls is 28 km.

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