Answer: the interest on the loan is $39.38
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount taken as loan
R represents interest rate
T represents the duration of the loan in years.
From the information given,
P = $350
R = 4.5%
There are 12 months in a year. Converting 30 months into years, it becomes
30/12 = 2.5. so
T = 2.5 years
Therefore
I = (350 × 4.5 × 2.5)/100
I = $39.38
The probability that the mean clock life would differ from the population mean by greater than 12.5 years is 98.30%.
Given mean of 14 years, variance of 25 and sample size is 50.
We have to calculate the probability that the mean clock life would differ from the population mean by greater than 1.5 years.
μ=14,
σ=
=5
n=50
s orσ =5/
=0.7071.
This is 1 subtracted by the p value of z when X=12.5.
So,
z=X-μ/σ
=12.5-14/0.7071
=-2.12
P value=0.0170
1-0.0170=0.9830
=98.30%
Hence the probability that the mean clock life would differ from the population mean by greater than 1.5 years is 98.30%.
Learn more about probability at brainly.com/question/24756209
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There is a mistake in question and correct question is as under:
What is the probability that the mean clock life would differ from the population mean by greater than 12.5 years?
You got to use the formula provided to solve the problem! Have confidence! you can do it!
soln,
2x+2 = 3x - 52 [vertically opposite angles]
or, 2 + 52 = 3x - 2x
therefore, x = 54°