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Lyrx [107]
3 years ago
7

You borrow $1,000 on a simple interest loan. You pay an annual rate of 3.5%. You will take 3 years to pay back the loan. How muc

h interest will you pay?
Mathematics
1 answer:
yuradex [85]3 years ago
6 0

Answer:

  $105

Step-by-step explanation:

The appropriate formula for the simple interest is ...

  I = Prt

for principal P borrowed at rate r for time period t.

Filling in the given values, we find the interest to be ...

  I = $1000×0.035×3 = $105

You will pay $105 in interest.

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Suppose that prior to conducting a coin-flipping experiment, we suspect that the coin is fair. How many times would we have to f
BabaBlast [244]

Answer:

153 times

Step-by-step explanation:

We have to flip the coin in order to obtain a 95.8% confidence interval of width of at most .14

Width = 0.14

ME = \frac{width}{2}

ME = \frac{0.14}{2}

ME = 0.07

ME\geq z \times \sqrt{\frac{\widecap{p}(1-\widecap{p})}{n}}

use p = 0.5

z at 95.8% is 1.727(using calculator)

0.07 \geq 1.727 \times \sqrt{\frac{0.5(1-0.5)}{n}}

\frac{0.07}{1.727}\geq sqrt{\frac{0.5(1-0.5)}{n}}

(\frac{0.07}{1.727})^2 \geq \frac{0.5(1-0.5)}{n}

n \geq \frac{0.5(1-0.5)}{(\frac{0.07}{1.727})^2}

n \geq 152.169

So, Option B is true

Hence  we have to flip 153 times the coin in order to obtain a 95.8% confidence interval of width of at most .14 for the probability of flipping a head

6 0
3 years ago
Question 6 Financial Literacy Quiz
NARA [144]

Answer:

i dont know

Step-by-step explanation:

i just want the points

4 0
2 years ago
Read 2 more answers
A phone company charges $0.50 per minute and a connection fee of $1. If you were to represent the total cost y of an x minute ca
klasskru [66]

Answer:

Per minute value fee would be the slope of the line.

Step-by-step explanation:

Given:

Per minute charges by the phone company = $ 0.50

Connection fee (fixed) charged by company = $ 1.0

We have to represent the total cost in terms of y and also explain the slope of the line.

According to the question:

Let the number of minutes be "x" .

And the total cost charged be "y" .

So,

The total cost = (No. of minutes)(Per minute charge) + Connection fee

Re-arranging in term of x and y.

⇒ total\ cost = (no.\ of\ minutes)(per\ minute\ charge) + connection\ fee

⇒ y=0.50(x)+1   ...equation (i)

Slope- intercept form: y=m(x) +b  m is the slope and b is the y-is   intercept.

⇒ Comparing equation (i) with the slope- intercept form.

⇒ m=0.50  and  b=1

So,

The slope of the line is 0.50 which is also represented by the per minute value of the call.

Per minute value fee would be the slope of the line.

4 0
3 years ago
12. Algebra There are 92 students in the third and fourth grades at Johnsonville Elementary. Of these, 47 are in fourth grade. W
Fudgin [204]

x + 47 = 92.   <--- x represents the number of 3rd graders

x +47-47 = 92-47

x=45

There are 45 third grader. Hope this helped!

4 0
3 years ago
Read 2 more answers
Casandra is teaming for a 10 mile race on the first day of training she runs 4 miles, each day after that she adds on .5 mile. O
il63 [147K]
Day 9 is the answer! 0.5m+4=8
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3 years ago
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