Answer:
Amount of interest pay per year = $97.5 (Approx.)
Step-by-step explanation:
Given:
Amount borrow for college expenses = $3,897
Rate of interest = 2.5%
Find:
Amount of interest pay per year
Computation:
Using Simple interest formula;
Simple interest = Amount borrow x Rate of interest x number of year
Amount of interest pay per year = 3,897 x 2.5% x 1
Amount of interest pay per year = 3,897 x 0.025
Amount of interest pay per year = 97.425
Amount of interest pay per year = $97.5 (Approx.)
For this case we have the following system of equations:
We multiply the second equation by -5:
Now we add the equations:
We find the value of the variable "y":
THE solution is: (-6, -3)
Answer:
(-6, -3)
Answer: 547
Step-by-step explanation: The margin of error formulae is given below as
Margin of error = critical value ×(σ/√n)
Where σ = standard deviation and n is the sample size.
From our question, margin of error = 0.08
Variance is 1.691,
hence σ = √variance = √1.691
= 1.3.
We will be using a z test for our critical value this is because a soft drink manufacturer will always produce drinks more than 30 in numbers.
The critical value for a 85% confidence interval is 1.44.
Hence critical value is 1.44.
By substituting the parameters, we have that
0.08 = 1.44 × 1.3/ √n
0.08 = 1.873/ √n
By cross multiplying
0.08 × √n = 1.873
√n = 1.873/ 0.08
√n = 23.41
n = (23.41)²
n = 547.
21.12 is 25.6% of 82.5. I hope this helps. :)
Answer:
B) 5.8
Step-by-step explanation:
