Answer:
"C" is the answer to that question
Answer:
The nominal annual interest rate is 15%.
The effective interest rate is 16.08%.
Step-by-step explanation:
$9,375 = $325 (P/A, i%, 36)(P/A, i%, 36)
= $9,375/$325= 28.846
From compound interest tables, i = 1.25%
Nominal Interest Rate= 1.25 x 12= 15%
Effective rate = (1+ (0.15/36))^36-1=1.004^36-1= 16.08%
1. If x -3 is less than or equal to 12 ,then you will transpose 3 to the right and subtract 3 from 12
Answer: 0.6065
Step-by-step explanation:
Given : The machine's output is normally distributed with
Let x be the random variable that represents the output of machine .
z-score :
For x= 21 ounces
For x= 28 ounces
Using the standard normal distribution table , we have
The p-value :
Hence, the probability of filling a cup between 21 and 28 ounces= 0.6065
Add 799.99 and 679.99 which equals 1479.98
Then divide 1479.98 by 2 which equals 739.99
Your answer is c. 739.99