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3 years ago

10

Tonya took out a loan to help pay for her house. She borrowed $70,000 for 15 years at a yearly simple interest rate of 5%. How m

uch interest will she end up paying the bank?

1 answer:

givi [52]3 years ago

4 0

She will end up paying the bank $$$$52,500 back in interest

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How do i divide and multiply rational expressions?

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To multiply rational expressions, first factor all numerators and denominators and cancel any factors you can. Then multiply what you have left.

Step-by-step explanation:

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4 years ago

a square has side length 95 what is the length of the diagonal of the square express your asnser in simplest radical form

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<em>Answer:</em>

<em>(r + 9)(r - 3)</em>

<em>Step-by-step explanation:</em>

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3 years ago

Explain how to compute the amount of money the worker receives for any

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3 years ago

According to industry sources, online banking is expected to take off in the near future. The projected number of households (in

Airida [17]

Answer:

(a) The least-square regression line is: $y=4.662+2.709x$ .

(b) The number of households using online banking at the beginning of 2007 is 31.8.

Step-by-step explanation:

The general form of a least square regression line is:

$y=\alpha +\beta x$

Here,

<em>y</em> = dependent variable

<em>x</em> = independent variable

<em>α</em> = intercept

<em>β</em> = slope

(a)

The formula to compute intercept and slope is:

$\begin{aligned} \alpha &= \frac{\sum{Y} \cdot \sum{X^2} - \sum{X} \cdot \sum{XY} }{n \cdot \sum{X^2} - \left(\sum{X}\right)^2} \\\beta &= \frac{ n \cdot \sum{XY} - \sum{X} \cdot \sum{Y}}{n \cdot \sum{X^2} - \left(\sum{X}\right)^2} \end{aligned}$

The values of ∑<em>X</em>, ∑<em>Y</em>, ∑<em>XY</em> and ∑<em>X</em>² are computed in the table below.

Compute the value of intercept and slope as follows:

$\begin{aligned} \alpha &= \frac{\sum{Y} \cdot \sum{X^2} - \sum{X} \cdot \sum{XY} }{n \cdot \sum{X^2} - \left(\sum{X}\right)^2} = \frac{ 68.6 \cdot 55 - 15 \cdot 218.9}{ 6 \cdot 55 - 15^2} \approx 4.662 \\ \\\beta &= \frac{ n \cdot \sum{XY} - \sum{X} \cdot \sum{Y}}{n \cdot \sum{X^2} - \left(\sum{X}\right)^2} = \frac{ 6 \cdot 218.9 - 15 \cdot 68.6 }{ 6 \cdot 55 - \left( 15 \right)^2} \approx 2.709\end{aligned}$

The least-square regression line is:

$y=4.662+2.709x$

(b)

For the year 2007 the value of <em>x</em> is 10.

Compute the value of <em>y</em> for <em>x</em> = 10 as follows:

$y=4.662+2.709x$

$=4.662+(2.709\times10)\\=4.662+27.09\\=31.752\\\approx 31.8$

Thus, the number of households using online banking at the beginning of 2007 is 31.8.

5 0

3 years ago