Answer:
The statement is false.
Step-by-step explanation:
- Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate.
- It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs.
Hence, the given statement:<em> The amount of interest you pay does not depend on the method the lender uses to calculate interest is FALSE.</em>
The answer is x=6. Hope this helped.
Yes it can be divided 300 times
Answer:
The runner’s time is 3.18 minutes
Step-by-step explanation:
Mathematically;
z-score = (x-mean)/SD
In this question, we have the z-score but we want to calculate x
From the question
z-score = -1.76
mean = 4.5 minutes
SD = 0.75 minutes
x = ?
Substituting these values, we have that
-1.76 = (x-4.5)/0.75
0.75(-1.76) = x - 4.5
-1.32 = x - 4.5
x = 4.5 -1.32
x = 3.18
