Calculate the maturity value of a loan if borrowing 5000 at 7% simple interest for 48 months

2 answers:

7 0

A=p (1+rt)
A maturity value
P principle 5000
r interest rate 0.07
T Time 48/12

A=5,000×(1+0.07×(48÷12))
A=6,400

6 0

The total is 6400, but if subtracted, its 1400

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Lerok [7]

She spent $23.25, how I got my answer.

I divided $13.50÷2=$6.75 then I added $6.75+3=$9.75 then I added $9.75+$13.50=$23.25.

I hope this helps.

4 0

3 years ago

vagabundo [1.1K]

Answer:

90% of the variation in the dependent variable is explained by the independent variable.

Step-by-step explanation:

We are given the following in the question:

coefficient of determination = 0.9

We have to find the percentage of variation in the dependent variable explained by the variation in the independent variable.

Coefficient of Determination:

The coefficient of determination is a measure that explains and predicts the dependent variable.
It explains the variation in the dependent variable caused by the independent variable.
The coefficient of determination, also known as the R squared value and is obtained by squaring the coefficient of correlation.

$\text{Coefficient of Determination} = R^2 = 0.9 = 0.9\times 100\% = 90\%$