Fred has a spinner that is split into four equal sections: red, blue, green, and yellow. Fred spun the spinner 688 times. Which
2 answers:
Answer:
D. 189 is a good estimate.
Step-by-step explanation:
Fred has a spinner that is split into four equal sections: red, blue, green, and yellow.
This means each color has 1/4 chances to appear.
Fred spun the spinner 688 times.
So, a good estimate of the number of times the spinner lands on the green section will be =
We can say option D is closest.
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Option C
Monthly loan payment is $ 93.33
<em><u>Solution:</u></em>
From given question,
Cost of sailboat = $ 3000
Down payment = $ 1000
<em><u>Hence net principal is given as:</u></em>
net principal = p = $ 3000 - $ 1000 = $ 2000
p = $ 2000
The bank approved a simple interest flat rate loan for 2 years at 6% APR
Hence number of years = 2 years
Rate of interest = 6 %
<em><u>Let us first calculate the simple interest</u></em>
The formula for simple interest is given as:
Substituting the given values,
Thus simple interest = $ 240
Total amount payable = principal + simple interest
Total amount payable = $ 2000 + $ 240
Total amount payable = $ 2240
<em><u>How much are the monthly loan payments?</u></em>
Here number of years = 2 years
To calculate the monthly payment divide the total amount payable by 24 (since 2 year = 24 months )
Thus monthly loan payment is $ 93.33 Option C is correct