As you probably know there is a difference between mean and median -- the mean acts as a measure of the average, and on the other hand median measures the middle number. The median in this is 15 and the mean is also 15.
Answer:
Step-by-step explanation:
<u>Given</u>
- Monthly payment P = $300
- Time t = 3 years = 36 months
- Number of payments n = 36
- Interest rate r = 12% PA = 1% per month = 0.01 times
<u>Use loan payment formula:</u>
- P = r(PV) / (1 - (1 + r)⁻ⁿ),
- where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments
<u>Substitute values and solve for PV:</u>
- 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
- PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
- PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)
Answer:
a
Step-by-step explanation:
hope this helps :)
Answer:
the maximum hours that they can rent it for is 8
Step-by-step explanation:
36 + 8.8t < 106.4
8.8t < 70.4
t < 8
9/4
well, 4 times 2 is 8, there would be a quarter left over
answer: 2 1/4
so it would be 2 and a quarter.
Hope this helped :)
