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vagabundo [1.1K]
3 years ago
7

The home that you are interested in purchasing is listed at $85,000. in order to get financing, you have to place a 5% down paym

ent. from the given information, determine the amount of the down payment
Mathematics
1 answer:
timurjin [86]3 years ago
6 0
85,000 * .05 = <span> <span> <span> 4,250.00
 </span></span></span>
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Rudiy27
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2 years ago
What is the calculation for determining simple interest and compound interest? Borrowing if borrowed $20,000 for 5 years at a 4%
yarga [219]

Answer:

If using simple interest, the formula is:

= Amount * ( 1 + rate * time)

= 20,000 * ( 1 + 4% * 5)

= $24,000

Interest = Balance after 5 years - Investment

= 24,000 - 20,000

= $4,000

Using Compound Interest:

= Amount * ( 1 + rate)^time

= 20,000 * ( 1 + 4%)⁵

= $24,333.06

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6 0
3 years ago
A researcher surveyed 150 high school students and found that 68% played a musical insturment. What would be a reasonable range
maria [59]

Answer:

The reasonable range for the population mean is (61%, 75%).

Step-by-step explanation:

The interval estimate of a population parameter is an interval of values that consist of the values within which the true value of the parameter lies with a certain probability.

The mean of the sampling distribution of sample proportion is, \hat p.

One of the best interval estimate of population proportion is the 95% confidence interval for proportion,

CI=\hat p \pm z_{\alpha/2}\sqrt{\frac{\hat p(1-\hat p)}{n}}

Given:

n = 150

\hat p = 0.68

The critical value of <em>z</em> for 95% confidence level is:

z_{\alpha/2}=z_{0.05/2}=z_{0.025}=1.96

Compute the 95% confidence interval for proportion as follows:

CI=\hat p \pm z_{\alpha/2}\sqrt{\frac{\hat p(1-\hat p)}{n}}

     =0.68\pm1.96\sqrt{\frac{0.68(1-0.68)}{150}}\\\\=0.68\pm 0.0747\\\\=(0.6053, 0.7547)\\\\\approx (0.61, 0.75)

Thus, the reasonable range for the population mean is (61%, 75%).

5 0
3 years ago
Which number is the most reasonable estimated difference between 10.85 and 2 1/5?
Morgarella [4.7K]

Answer:

10

10.85

Step-by-step explanation:

8 0
3 years ago
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