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Lady bird [3.3K]
3 years ago
9

Thang decided to borrow $2000 from his local bank to help pay for a car. His loan was for 3 years at a simple intrest rat it 5%.

How much interest will Thang pay?
Mathematics
1 answer:
irakobra [83]3 years ago
3 0

Answer:Thang will pay $300 as interest

Step-by-step explanation:

We would apply the formula for determining simple interest which is expressed as

I = PRT/100

Where

P represents the principal

R represents interest rate

T represents time in years

I = interest after t years

From the information given

T = 3 years

P = $2000

R = 5%

Therefore

I = (2000 × 5 × 3)/100

I = 30000/100

I = $300

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Answer:

75% of the data will reside in the range 23000 to 28400.

Step-by-step explanation :

To find the range of values :

We need to find the values that deviate from the mean. Since we want at least 75% of the data to reside between the range therefore we have,

1 - \frac{1}{k^2} =\frac{75}{100}

Solving this, we would get k = 2 which shows the value one needs to find lies outside the range.

Range is given by : mean +/- (z score) × (value of a standard deviation)  

⇒ Range : 25700 +/- 2 × 1350

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Hence, 75% of the data will reside in the range 23000 to 28400.

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3 years ago
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To learn more about the division of fractions, please check: brainly.com/question/25779356

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