Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
J.
x represents the minutes and y shows how many gallons over that time.
Answer:
A continuous probability distribution having a rectangular shape, where the probability is evenly distributed over an interval of numbers is a(n) __uniform__________ distribution
Step-by-step explanation:
Given that there is a continuous probability distribution having a rectangular shape, where the probability is evenly distributed over an interval of numbers
Since the pdf is rectangular in shape and total probability is one we can say all values in the interval would be equally likely
Say if the interval is (a,b) P(X) = p the same for all places
Since total probability is 1,
we get integral of P(X)=p(b-a) =1
Or p= 
this is nothing but a uniform distribution continuous defined in the interval
A continuous probability distribution having a rectangular shape, where the probability is evenly distributed over an interval of numbers is a(n) __uniform__________ distribution