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serg [7]
3 years ago
15

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every

Mathematics
1 answer:
Colt1911 [192]3 years ago
8 0

Answer:

X ≥ 112,6 $

Step-by-step explanation:

Normal Distribution  N ( 95 , 16 )

μ₀ = 95

σ  =  16

We need to get z (score) for area 0,1357; then from z - Table we get

z (score) = 1,1

Now  z (score ) = ( X - μ₀ )/σ

1,1 = ( X - 95 ) / 16

17,60 + 95  = X

X = 112,6 $

That means that in order to get a gift customes has to spend at least 112,6 $

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Adam is buying a hot air balloon for 19,000 with a down payment of 5,000. The bank approved a simple interest flat rate loan for
Aneli [31]

The monthly loan payments are $350 ⇒ B

Step-by-step explanation:

Simple Interest formula (Principal + Interest)  is A = P(1 + rt)  where:

  • A is total accrued amount (principal + interest)
  • P is principal Amount
  • r is rate of interest per year in decimal
  • t is time period involved in months or years

Adam is buying a hot air balloon for 19,000 with a down payment of 5,000. The bank approved a simple interest flat rate loan for 5 years at 10%APR.

We need to find how much the monthly loan payments are

∵ Adam is buying a hot air balloon for $19,000 with a down payment

  of $5,000

- Subtract the down payment from the cost of the balloon

∴ P = 19000 - 5000 = 14000

∵ The bank approved a simple interest flat rate loan for 5 years at

   10% APR

∴ t = 5

∴ r = 10% = 10 ÷ 100 = 0.1

- Substitute all of theses values in the formula above

∵ A = 14000[1 + 0.1(5)]

∴ A = 21000

∴ The loan payment is $21000

- The loan will pay in 5 years

∵ The number of monthly payment = 5 ×12 = 60

- Divide the amount of loan payment by 60

∴ The monthly loan payments = 21000 ÷ 60 = 350

The monthly loan payments are $350

Learn more:

You can learn more about the monthly payment in brainly.com/question/788903

#LearnwithBrainly

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