All categories

3 years ago

Find the interest due on $1,090 at 8% for 5 years

Mathematics

2 answers:

Hitman42 [59]3 years ago

6 0

For this case, we will use the simple interest formula:

$I = \frac {PRT} {100}$

Where,

<em>P: Initial amount </em>
<em>R: rate </em>
<em>T: time in years </em>

Therefore, replacing values we have:

$I = \frac {(1090) (8) (5)} {100}\\I = 436$

Answer:

The simple interest is given by:

$I = 436$ $

WARRIOR [948]3 years ago

3 0

Simple interest = PRT/100 = 1090 x 8 x 5 / 100 = $436

You might be interested in

Which equation has no real solutions?

olasank [31]

Answer:

Step-by-step explanation:

−b±√b2−4ac

−(2)±√(2)2−4(2)(15)

2(2)

−2±√−116

and there is really no solution

6 0

2 years ago

A wheelchair ramp is 16 feet Long. The ramp sits up on a 2 foot platform. How far is it from the end of the ramp to the bottom o

il63 [147K]

Answer:

√254 feet

Step-by-step explanation:

This is basically a triangle, with a height of 2, and hypotenuse of 16.

Using the Pythagorean theorem (a^2+b^2=h^2) we can find the other side.

2^2+b^2=16^2

4+b^2=256

b^2=254

b=√254

3 0

2 years ago

CarMax has guaranteed to pay $500 for ANY used car - no matter how old or in what condition. You want to wait as long as possibl

Volgvan

After I looked up some quick information, your car loses 15-25% each year. After 5 years, it goes to only 37%. So, a car that would cost 20000 would be valued at around 7k after 5 years. So, in the first 5 years, it lost 14k. Also, a 1999 Corolla goes for 2.5k, and that's nearly 20 years. So, I'm just going to go with, based off these numbers, probably 25-30 years...if it still works by then.
Also, if you get in a heavy accident the next day, making the car unusable, you rip off your friend. The first scenario only applies if the engine works well and no accidents were on the vehicle either.

8 0

3 years ago

Write the slope intercept 4x-y=1

Sergio [31]

Answer:

y = 4x - 1

Step-by-step explanation:

8 0

2 years ago

Read 2 more answers

Soft drink consumption in New Zealand. A survey commissioned by the Southern Cross Healthcare Group reported that 16% of New Zea

lidiya [134]

<h2>Answer with explanation:</h2>

Given : The proportion of New Zealanders consume five or more servings of soft drinks per week : $\hat{p}= 0.16$

a) The number of survey respondents reported that they consume five or more servings of soft drinks per week = 2006

b) Confidence interval for population proportion (p) :

$\hat{p}\pm z^*\sqrt{\dfrac{\hat{p}(1-\hat{p})}{n}}$

, where $\hat{p}$ = Sample proportion.

n= Sample size.

z* = Critical value.

For n= 2006 , $\hat{p}= 0.16$ and critical value for 95% confidence interval : z* = 1.96

Then , the required confidence interval will be :

$0.16\pm (1.96)\sqrt{\dfrac{ 0.16(1- 0.16)}{2006}}$

$0.16\pm (1.96)\sqrt{ 0.000066999002991}$

$0.16\pm (1.96)(0.00818529186963)$

$0.16\pm 0.0160431720645$

$(0.16-0.0160431720645,\ 0.16+0.0160431720645)$

$(0.143956827935,\ 0.176043172064)\approx(0.144,\ 0.176)$

i.e. A 95% confidence interval for the proportion of New Zealanders who report that they consume five or more servings of soft drinks per week. = $(0.144,\ 0.176)$

c) $(0.144,\ 0.176)=(0.144\times100\%,\ 0.176\times100\%)$

$=(14.4\%,\ 17.6\%)$ 176\times100\%)[/tex]

d) The estimate might be biased because the survey is taken online that means offline New Zealanders are out of consideration.

6 0

2 years ago