The regular price of a T-shirt is $9.99. It is on sale for 15% off. Sales tax is 6%. If you give the cashier a $10 bill, how muc
1 answer:
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Answer:
The amount of money that should be invested at the rate of 5.25% is $12,000 and the amount money that should be invested at the rate of 4% is $13,000
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
Let
x ------> the amount of money that should be invested at the rate of 5.25%
25,000-x -----> the amount money that should be invested at the rate of 4%
in this problem we have
substitute in the formula above
Solve for x
therefore
The amount of money that should be invested at the rate of 5.25% is $12,000 and the amount money that should be invested at the rate of 4% is $13,000
Answer:
Step-by-step explanation:
The confidence interval for population mean is given by :-
, where is the sample proportion, n is the sample size ,
is the critical z-value.
Given : Significance level :
Sample size : n= 85
Critical value :
Sample proportion:
Now, the 99% confidence level will be :
Hence, the 99% confidence interval estimate of the true proportion of families who own at least one DVD player is