$20,000 is between $15,000 and $49,999, so we'll use the interest rate of 6.5% (see row 3)
r = 6.5% = 6.5/100 = 0.065
We'll use the decimal form of the interest rate as it is most common for financial math problems.
P = 20,000 is the amount deposited
t = 1 year is the amount of time
We will plug those values into the formula
i = P*r*t
to get the following:
i = P*r*t
i = 20000*0.065*1
i = 1300
So Mark earns $1,300 in simple interest each year.
Answer:
a) 0.1535
b) 0.4866
c) 0.8111
Step-by-step explanation:
The probability that the next call come within the next t minutes is:
According to this model,
a) the probability that a call in comes within 1/2 minutes is 
=0.1535
b) the probability that a call in comes within 2 minutes is 
=0.4866
c) the probability that a call in comes within 5 minutes is 
=0.8111
If you would like to know what is the solution of the inequality x/3 > 1, you can calculate this using the following step:
x/3 > 1 /*3
x > 1 * 3
x > 3
The correct result would be x > 3.
Given:
Principal = <span>£100
Interest rate = 6%
Interest = </span><span>£12
Simple Interest is computed by multiplying the principal by its interest rate and term
Interest = Principal * rate * term
12 = 100 * 0.06 * term
12 = 6 * term
12/6 = term
2 = term
It will take 2 years for </span>£100 to earn <span>£12 at 6%</span>
