1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fomenos
4 years ago
13

Suppose Marcus invests $750 at an annual rate of 6.25%. How long will it take until Marcus earns $125 in simple interest?

Mathematics
1 answer:
Nadya [2.5K]4 years ago
5 0
750$ divided by 6.25% = 120$ at an annual rate of interest (a year i'm guessing) meaning it would take him approximately a year and about half a month to get 125$ in simple interest
You might be interested in
A theory predicts that the mean age of stars within a particular type of star cluster is 3.3 billion years, with a standard devi
Luden [163]

Answer:

Null hypothesis:\mu \leq 3.3  

Alternative hypothesis:\mu > 3.3  

z=\frac{3.4-3.3}{\frac{0.4}{\sqrt{50}}}=1.768  

Since is a one right tailed test the p value would be:  

p_v =P(z>1.768)=0.039  

Step-by-step explanation:

Data given and notation

\bar X=3.4 represent the sample mean  

\sigma=0.4 represent the population deviation for the sample

n=50 sample size  

\mu_o =3.3 represent the value that we want to test  

\alpha represent the significance level for the hypothesis test.  

t would represent the statistic (variable of interest)  

p_v represent the p value for the test (variable of interest)  

State the null and alternative hypotheses to be tested  

We need to conduct a hypothesis in order to determine if the mean is higher than 3.3, the system of hypothesis would be:  

Null hypothesis:\mu \leq 3.3  

Alternative hypothesis:\mu > 3.3  

Compute the test statistic  

We know the population deviation, so for this case is better apply a z test to compare the actual mean to the reference value, and the statistic is given by:  

z=\frac{\bar X-\mu_o}{\frac{\sigma}{\sqrt{n}}} (1)  

z-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

We can replace in formula (1) the info given like this:  

z=\frac{3.4-3.3}{\frac{0.4}{\sqrt{50}}}=1.768  

P value

Since is a one right tailed test the p value would be:  

p_v =P(z>1.768)=0.039  

6 0
3 years ago
Write an equation in slope intercept form for the line with slope of 1/5 and y-intercept -8
AlladinOne [14]

Answer:

y = (1/5)x - 8

Step-by-step explanation:

It's slope-intercept form y=mx+b and we just substitute m=1/5, b= -8.

8 0
4 years ago
Read 2 more answers
10 points! please help!
kumpel [21]

Answer:

i think its the third one

Step-by-step explanation:

5 0
4 years ago
Read 2 more answers
Solve the equation. -0.2(30) + 0.5x = 0.2(30 + x)
Travka [436]

Answer:

x=40

Step-by-step explanation:

4 0
3 years ago
What is the product below expressed in scientific notation
aleksklad [387]
What is the product? I cannot help you if I don't know the product..
3 0
4 years ago
Other questions:
  • Gwen borrowed $20 from her mother to buy a scarf. Then, she went to her favorite department store and charged a pair of boots fo
    9·1 answer
  • The machine described has standard deviation σ that can be fixed at certain levels by carefully adjusting the machine. What is t
    14·1 answer
  • Sally Jones pays $50.00 a month for group health insurance. There is a $300 deductible. Her medical bills for the last year were
    9·1 answer
  • Use a whole number, a fraction, one plus sign, and four 2's to make 23.
    11·1 answer
  • Item 9 A cylindrical container of three rubber balls has a height of 18 centimeters and a diameter of 6 centimeters. Each ball i
    6·2 answers
  • 1/10 of 400,00 is 10 times as much
    6·1 answer
  • Rate:168 ounces 14 boxes How much does the spaghetti in each box weigh? Find the unit rate.The unit rate is 12ounces per box.you
    9·2 answers
  • How many pizzas were there at the start of the party?
    6·1 answer
  • -9(5-2)-111÷3 show all work ​
    13·2 answers
  • 9d^8 divided by 3d^10
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!