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Buying a $36,000 new hybrid SUV with $3000 paid up front and the rest borrowed at 4.2%

Studentka2010 [4]

From the calculations, the total amount paid for the SUV is $43,708.

<h3>What is compound interest?</h3>

The term compound interest has to do with an interest that is charged in both the principal and the interest.

In this case, the amount that was borrowed is $36,000 - $3000 = $33,000. Using the formula;

A = P(1 + r/n)^nt

P = $33,000

r = 4.2%

n = 52

t = 5 years

A = 33,000(1 + 0.042/52)^(52 * 5)

A = $40,708

Total amount paid = $40,708 + $3000 = $43,708

Learn more about compound interest:brainly.com/question/14295570?

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3 0

1 year ago

If x has a mean of 17.2 g and a standard division of 14.0 g and y has a mean of 23.5 g and a standard division of 16.4 g and the

dimulka [17.4K]

The least squares regression line is y=0.6831x+11.25

Step-by-step explanation:

LSRL is the the Least Squares Regression Line.The formula for regression line is y=mx+b where m is the slope of the line and b is the y-intercept value of the line.

First find the slope, m of the line from the means and standard deviations given

x has a mean of 17.2 g and a standard deviation of 14.0 g

y has a mean of 23.5 g and a standard deviation of 16.4 g

The correlation coefficient in both cases is 0.83, hence the slope m is given by;

m=r(Sy/Sx) where m is the slope of the line, Sy is standard deviation of y values, Sx is standard deviation of x values and r is the correction coefficient.

m= 0.5 * 23.5/17.2 =0.6831

Find the value of b, the y-intercept

b=Y-mX where X and Y are the mean values for x and y respectively

b=23.5-0.6831*17.2

b=23.5-11.75=11.25

The LSRL is y=0.6831x+11.25

Learn More

Least Squares regression Line : brainly.com/question/4090838

Keyword : standard deviation, least square regression line

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3 0

2 years ago

Use the quadratic formula to find the solution to the quadratic equation in the box below.

nekit [7.7K]

The solution to the quadratic equation is option D

4 0

2 years ago

A box contains 146 marbles which are either red or blue. there are 28 more blue marbles than red marbles. how many blue marbles

rusak2 [61]

R + b = 146. Supposing that b=r+28,

r + (r+28) = 146, or 2r + 28 = 146.

Simplifying: 2r = 118. Then r = 59, and b = r+28 = 59+28 = 87 blue marbles

6 0

2 years ago

Jenny uses a roller to paint a wall. The roller has a radius of 1.75 inches and a height of 10 inches. In two rolls, what is the

Katen [24]

Answer:

The area of the wall that she will paint in two rolls is <u>219.8 inches²</u>.

Step-by-step explanation:

Given:

Jenny uses a roller to paint a wall. The roller has a radius of 1.75 inches and a height of 10 inches.

Now, to find the area of the wall that she will paint in two rolls.

So, we find the lateral surface area of roller.

Radius (r) = 1.75 inches.

Height (h) = 10 inches.

So, to get the lateral surface area we put formula:

$A_{L} =2\pi rh$

$A_L=2\times 3.14\times 1.75\times 10$

$A_L=109.9\ inches^2.$

Thus, the lateral surface area of the roller = 109.9 inches².

Now, to get the area of wall that she will paint in two rolls we multiply 2 by the lateral surface area of the roller:

$109.9\times 2\\\\=219.8\ inches^2.$

Therefore, the area of the wall that she will paint in two rolls is 219.8 inches².

3 0

2 years ago

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