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ivanzaharov [21]

3 years ago

14

$2000 borrowed with 10% interest rate, got additional 1000 on the same rate for the same period of repayment. How much would he

have saved if he borrow $3000 for the same rate and period of repayment?

1 answer:

nekit [7.7K]3 years ago

5 0

Answer:

nothing

Step-by-step explanation:

Loan payments are <em>linear in the loan amount</em> for a given rate and period, so the payments for loans of $2000 and $1000 sum to the amount of payments for a loan of $3000.

The only possible savings (or cost) might come from rounding to the nearest cent. (In any event, the final payment on each loan should make up for any differences due to rounding.)

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lions [1.4K]

Answer:

$1 \to 22 \to 0.176$

$2 \to 13 \to 0.104$

$3 \to 18 \to 0.144$

$4 \to 29 \to 0.232$

$5 \to 37 \to 0.296$

$6 \to 6 \to 0.048$

Step-by-step explanation:

Given

$n = 125$

See attachment for proper table

Required

Complete the table

Experimental probability is calculated as:

$Pr = \frac{Frequency}{n}$

We use the above formula when the frequency is known.

For result of roll 2, 4 and 6

The frequencies are 13, 29 and 6, respectively

So, we have:

$Pr(2) = \frac{13}{125} = 0.104$

$Pr(4) = \frac{29}{125} = 0.232$

$Pr(6) = \frac{6}{125} = 0.048$

When the frequency is to be calculated, we use:

$Pr = \frac{Frequency}{n}$

$Frequency = n * Pr$

For result of roll 3 and 5

The probabilities are 0.144 and 0.296, respectively

So, we have:

$Frequency(3) = 125 * 0.144 = 18$

$Frequency(5) = 125 * 0.296 = 37$

For roll of 1 where the frequency and the probability are not known, we use:

$Total \ Frequency = 125$

So:

Frequency(1) added to others must equal 125

This gives:

$Frequency(1) + 13 + 18 + 29 + 37 + 6 = 125$

$Frequency(1) + 103 = 125$

Collect like terms

$Frequency(1) =- 103 + 125$

$Frequency(1) =22$

The probability is then calculated as:

$Pr(1) = \frac{22}{125}$

$Pr(1) = 0.176$

So, the complete table is:

$1 \to 22 \to 0.176$

$2 \to 13 \to 0.104$

$3 \to 18 \to 0.144$

$4 \to 29 \to 0.232$

$5 \to 37 \to 0.296$

$6 \to 6 \to 0.048$

5 0

3 years ago