What is a histogram? i have a question on it and i dont know how to answer it
1 answer:
It is <span>a </span>statistical graph<span> that represents the </span>frequency<span> of values of a quantity by </span>verticalrectangles<span> of </span>varying<span> heights and </span>widths<span>. The width of the rectangles is in </span>proportion<span> to the class </span>interval<span> under </span>consideration<span>, and their areas represent the relative frequency of the </span>phenomenon<span> in </span><span>question. And this is one of example of histogram:</span>
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Answer:
The difference in the amount of interest she would have to pay for the two loans is $1,400
Step-by-step explanation:
The amount of loan Holly is taking out, P = $10,000
The choices available for the loan are;
1) Loan duration, T₁ = 4-year
Interest rate, R₁ = 4%
2) Loan duration, T₂ = 6-year
Interest rate, R₂ = 5%
For the first choice, we have;
The simple interest, I, given by the formula;
For the second choice, we have;
The simple interest, I, given by the formula;
The difference, D, in the amount of interest she would have to pay for the two loans is therefore;
D = I₂ - I₁ = $3,000 - $1,600 = $1,400
The difference in the amount of interest she would have to pay for the two loans = D = $1,400.