Answer:
the product of that equation is X
Answer:
$53,550
Step-by-step explanation:
X ~ N(70,000 , 10,000²)
P(X > t) = 0.95
z = -1.645
-1.645 = (t - 70000)/10000
t - 70000 = -16450
t = 53,550
Answer:
<h3> $2,179.2</h3>
Step-by-step explanation:
Given;
Loan = $36,320 (Principal)
Rate R = 6% = 0.06
Time T = 1year
Required
Interest that will be charged on this loan at the end of the first year
Using the formula for calculating simple interest as;
SI = PRT/100
SI = 36,320 * 6 * 1/100
SI = 0.06 * 36,320
SI = $2,179.2
Hence the amount of interest that will be charged on this loan at the end of the first year is $2,179.2
I do not know the first one, but the second one is variable and the last one is a constant
