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Ad libitum [116K]
3 years ago
10

Sabrina took out a loan for $60,000 to pay for her child's education. The loan must be repaid at the end of eight years in one p

ayment with interest of 6%. The total amount Sabrina has to pay back at the end of the loan is
Mathematics
2 answers:
satela [25.4K]3 years ago
8 0
I hope this will help u !!!!
6% means 6/100 so
loan took=$60,000
loan she has to pay= 60,000×6/100 = 600×6 = 3600
:: she has to pay $60,000 + 3600 = $63,600
thankyou
umka2103 [35]3 years ago
7 0

One way of doing this would be to begin with $60,000, calculate the interest, and then add the interest to this $60,000:

$60,000 + $60,000(0.06)(8) = $88,800.

Sabrina will have to repay $88,800.

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a

\% E =  0.9 \%

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Step-by-step explanation:

From the question we are told that

The probability that an employees suffered lost-time accidents last year is P(e) =  0.06

The probability that an employees suffered lost-time accident during the current year is

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The probability that an employee will suffer lost time during the current year given that the employee suffered lost time last year is

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Generally the percentage of employees that will experience lost time in both year is mathematically represented as

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=> \% E =  0.009 * 100

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P(e \ u \ c) =  P(e) + P(c) - P(e \ n \  c)

=> P(e \ u \ c) =  0.06 + 0.05 - 0.009

=> P(e \ u \ c) =  0.101

Generally the percentage of the employees who will suffer at least one lost-time accident over the two-year period is mathematically represented as

\%E_1 = P(e \ u \ c) *  100

=> \%E_1 = 0.101*  100

=> \%E_1 = 10.1 \%

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