Answer:
$153.00
Step-by-step explanation:
A = $1,353.00
(I = A - P = $153.00)
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 4.25%/100 = 0.0425 per year.
Solving our equation:
A = 1200(1 + (0.0425 × 3)) = 1353
A = $1,353.00
The total amount accrued, principal plus interest, from simple interest on a principal of $1,200.00 at a rate of 4.25% per year for 3 years is $1,353.00.
<em>The median is the middle point in a dataset half of the data points are smaller than the median and half of the data points are larger. To find the median Arrange the data points from smallest to largest. If the number of data points is odd the median is the middle data point in the list.</em>
Answer:
18 minutes
Step-by-step explanation:
Given that:
The arrival time = 3 customers / hour
The avg. service rate (s) = 12 minutes per customer
To hour, we have:
s = 5 customers/ hour
Thus, the required average time for a customer needs to wait in line is:
To minutes;
= 18 minutes
