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netineya [11]
3 years ago
9

Four loan balances are $6,500, $3,600, $5,400, and $7,500, respectively. The current interest rates for the loans are 7%, 5%, 6%

, and 9%, respectively. If the four are to be consolidated into one loan, what is the WEIGHTED AVERAGE interest rate on that loan?
A) 6.75%
B) 7.01%
C) 7.04%
D) 7.10%
Mathematics
2 answers:
Ainat [17]3 years ago
8 0

Answer:

7.10% is the answer.

My name is Ann [436]3 years ago
5 0

[(455 + 180 + 324 + 675)/(65 + 36 + 54 + 75)] = 7.10

Answer is D.

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Answer:

\$1,176

Step-by-step explanation:

<u><em>The complete question in the attached figure</em></u>

we know that

To find out how much money the total snake exhibit earned in 6 days, add up the total number of visitors to the snake exhibit each day for 6 days and multiply that by the cost of admission per person

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lubasha [3.4K]

Answer:

(a) P-value = 0.074, α = 0.05 do not reject H0

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Step-by-step explanation:

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In order to reject the null hypothesis, the p-value should be lower than the significance level (α).

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