Someone help! picture attached
1 answer:
You might be interested in
Answer:
E 0.923
Step-by-step explanation:
The Z score is a measurement used in statistics to determine the relationship between a value and a mean of a group of values measured as standard deviation from the mean. The z score (z) is given as:
, Where μ is the mean, σ is the standard deviation and x is the value.
Given that:
σ = 7, μ = 80 and x = 90
From the normal distribution table, P(X < 90) = P(z < 1.43) = 0.923
Answer:
The principal amount was $23,393.45
Step-by-step explanation:
The total amount paid on a 35 year loan was $98,000 at the rate of interest 4.1%
We will calculate Principal amount by this formula
Where A = amount (98,000)
P = Principal amount (P)
r = rate of interest 4.1% (0.041)
n = number of compounding interest monthly (12)
t = time (35 years)
98,000 = P(4.189386)
= 4.189386P = 98,000
P =
P = 23,392.4494 ≈ $23,392.45
The principal amount was $23,393.45