Answer:
Step-by-step explanation:
The cost of the new car is $20,000.
We would apply the periodic interest rate formula which is expressed as
P = a/[{(1+r)^n]-1}/{r(1+r)^n}]
Where
P represents the monthly payments.
a represents the amount of the loan
r represents the annual rate.
n represents number of monthly payments. Therefore
a = $20000
r = 0.05/12 = 0.0042
n = 12 × 5 = 60
Therefore,
P = 20000/[{(1+0.0042)^60]-1}/{0.0042(1+0.0042)^60}]
20000/[{(1.0042)^60]-1}/{0.0042(1.0042)^60}]
P = 20000/{1.286 -1}/[0.0042(1.286)]
P = 20000/(0.286/0.0054012)
P = 20000/52.95
P = $378
Ahmed will pay $378 each month
The total payment is
378 × 60 = $22680
The amount that Ahmed will pay in interest is
22680 - 20000 = $2680
Answer:
0.024
Step-by-step explanation:
Central Limit Theorem
The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean and standard deviation , the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean and standard deviation .
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean and standard deviation
Suppose the true proportion of high school juniors who skateboard is 0.18.
This means that
Samples of 250 high school juniors are taken
This means that
By how much would their sample proportions typically vary from the true proportion?
This is the standard error, so:
So 0.024 is the answer.
Answer:
Step-by-step explanation:
the anwser is 1/3
Answer: 12q is greater than 36.
Step-by-step explanation: First, you need to realize that q is a variable. So it can be 12(3) or 12(4).