All categories

3 years ago

Investment of $3000 at 16% simple interest for two years.

2 answers:

6 0

16% of $100 is $16
16% of $1000 is $160
16% of $3000 is $480

2 years of simple interest 16% on $3000
= $3000 + $480 + $480
= $3960

Yanka [14]3 years ago

3 0

I=PRT
r=rat
P=present amount
I=interst
t=time in yeare

2 years
16%
3000
I=2*3000*0.16
I=$960

You might be interested in

Is 28 a solution to the inequality you wrote in Exercise 3? How do you know?

Evgen [1.6K]

Answer:

Yes

Step-by-step explanation:

s<30

Put in 28 for s

28<30

Twenty eight is less than 30 so it is a solution

6 0

2 years ago

How to solve these numbers I forgot

Anastasy [175]

40 because 3+6+12 = 21 and 8+11+21 =40

7 0

3 years ago

Give the rate in miles per hour. Round to the nearest tenth.<br> Caroline walks 9 inches per second.

True [87]

Answer: 360 miles per hour…………………

8 0

2 years ago

Y 65° 25 <br>can someone solve this ?

n200080 [17]

Answer: a=25

Explanation: I am assuming you are looking for “a” so if you heard the method of 45, 45, 90 it helps you solve it. So by the 45 being across from 25 makes the 45 across a 25 as well, hope this was what you were looking for…

7 0

2 years ago

Increasing numbers of businesses are offering child-care benefits for their workers. However, one union claims that fewer than 8

Y_Kistochka [10]

Answer: c. -2.15

Step-by-step explanation:

As per given we have:

Null hypothesis : $H_{a}: p\geq0.80$

Alternative hypothesis : $H_{a}: p$

let p be the proportion of firms in the manufacturing sector offer child-care benefits

A random sample of 390 manufacturing firms is selected and 295 of them offered child-care benefits.

sample size : n= 390

sample proportion : $\hat{p}=\dfrac{295}{390}=0.7564$

Test statistic for proportion :

$z=\dfrac{\hat{p}-p}{\sqrt{\dfrac{p(1-p)}{n}}}$

Substitute the values , we get

$z=\dfrac{0.7564-0.80}{\sqrt{\dfrac{0.80(1-0.80)}{ 390}}}$

$z=\dfrac{-0.0436}{\sqrt{0.000410256410256}}$

$z=-2.15257752474\approx-2.15$

Hence, the value of test statistic = -2.15

Correct option is c. -2.15 .

4 0

3 years ago