Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal × 
or, A = 50,000 × 
or, A = 50,000 × 
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $ 
= $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer
Answer:
x = 7
Step-by-step explanation:
The image below shows the relationship between secants chords and tangents.
Imagine that the letters in the image represent the numbers in the actually problem
E would equal 9
C would equal 12
and A would equal x
We would then use the same formula C² = E * ( E + A ) to solve for x , but once again instead of using letters we use the numbers in the problem
We would have 12² = 9( 9 + x )
we now solve for x
Step 1 simplify and distribute
12²=144
9 * 9 = 81
9 * x = 9x
we would then have 144 = 81 + 9x
step 2 subtract 81 from each side
144 - 81 = 63
81 - 81 cancels out
we now have 63 = 9x
step 3 divide each side by 9
63 / 9 = 7
9x / 9 = x
we're left with x = 7
Of the last 100 customers entering a computer shop, 25 have purchased a computer. If the classical probability assessment for computing probability is used, the probability that the next customer will purchase a computer is:
Answer: In classical probability, all the outcomes are equally likely. In this situation, the next customer can either buy the computer or not. Therefore, the probability that the next customer will purchase a computer is:
Here the previous outcomes will not have any impact on the new outcomes. That is the reason the probability that the next customer will purchase a computer is 0.5
Classical probability measures the likelihood of something happening. It also means that every statistical experiment will contain elements that are equally likely to happen.
The example of classical probability is fair dice roll because it is equally probable that it will land on any of the 6 numbers on the die: 1, 2, 3, 4, 5, or 6.
