3. A man needed money for college. He borrowed $6,000 at 14% simple interest per year. If he paid $420 interest, what was the du
1 answer:
Answer: half year
Step-by-step explanation:
The formula to find the simple interest is given by :-
, , where P is the principal amount , r is the rate of interest and t is the time in year.
Given : I=420 ; r=14%=0.14 and P =$6000
Then, we have the following equation :-
It means the duration of the loan is half year .
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Answer:
The answer is c.) 0.6 and 0.14
Step-by-step explanation:
Given population has a size of 320.
The proportion of population = 0.6
The mean of population, p = 0.6
The mean of sample, = 0.6
Therefore = 1 -
= 1 - 0.6 = 0.4
The sample size = 12
Therefore the standard deviation of the sample,
The mean and the standard deviation for a sample size of 12 are 0.6 and 0.14 respectively.
The answer is c.) 0.6 and 0.14