What is one way to find the total cost of a pair of shoes for $57 with a sales tax of 2%?
1 answer:
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Answer:
0.2805
Step-by-step explanation:
Given that p = 20% = 0.2, n = 300.
The mean (μ) = np = 0.2 * 300 = 60
The standard deviation (σ) =
The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:
For x = 57:
For x = 62:
From the normal distribution table, P(57 < x < 62) = P(-0.43 < z < 0.29) = P(z < 0.29) - P(z < -0.43) = 0.6141 - 0.3336 = 0.2805
Answer:
monthly payment is $377
C is the correct option.
Step-by-step explanation:
The formula for the monthly payment is given by
Given that,
P = $20,000
n = 5 years = 60 months
r = 0.05
Substituting these values in the formula
On simplifying, we get
Therefore, the monthly payment is $377
C is the correct option.