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Andreas93 [3]
3 years ago
7

I don't care about getting the answers but rather a step-by-step explanation for this problem: A simple interest, 8-month loan o

f $3,000 has an annual interest rate of 9.3%. Determine the following values. (For the first answer blank, enter an exact number. For the second answer blank, enter a number. For the third answer blank, enter an exact number as an integer, fraction, or decimal.)
P = $

r =

t =


Find the amount of interest paid (in dollars) on this loan. (Enter an exact number.)

I = $


Calculate the maturity value (in dollars) of this loan. (Enter an exact number.)

$
Mathematics
1 answer:
alisha [4.7K]3 years ago
7 0

Answer:

Step-by-step explanation:

The formula for simple interest is expressed as

I = PRT/100

Where

P represents the principal

R represents interest rate

T represents time in years

I = interest after t years

From the information given

T = 8 months = 8/12 = 2/3 years

P = $3000

R = 9.3%

Therefore

I = (3000 × 9.3 × 2/3)/100

I = 18600/100

I = $186

The maturity value (in dollars) of this loan would be

3000 + 186 = $3186

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Vitek1552 [10]

Answer:

-51

Step-by-step explanation:

PEMDAS suggests you start with parenthesis

10+9•(-3)2-(7)

10-(27)2-(7)

10-54-7

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3 0
3 years ago
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Please help it’s my final
katrin2010 [14]

Answer:

(p - 8)( p+4)

Step-by-step explanation:

5 0
3 years ago
Line j has an equation of y - 8 = -2/3(x+5). Line K is perpendicular to line j and passes + through (-6, -2). What is the equati
riadik2000 [5.3K]

Answer:

y = \frac{3}{2} x + 7

Step-by-step explanation:

the equation of a line in point- slope form is

y - b = m(x - a)

where m is the slope and (a, b ) a point on the line

y - 8 = - \frac{2}{3} (x + 5) ← is in point- slope form

with m = - \frac{2}{3}

given a line with slope m then the slope of a line perpendicular to it is

m_{perpendicular} = - \frac{1}{m} = - \frac{1}{-\frac{2}{3} } = \frac{3}{2}

the equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept ) , then

y = \frac{3}{2} x + c ← is the partial equation

to find c substitute (- 6, - 2 ) into the partial equation

- 2 = - 9 + c ⇒ c = - 2 + 9 = 7

y = \frac{3}{2} x + 7 ← equation of line K

7 0
2 years ago
The Town of Hertfordshire clerk knows that 23% of dogs in the town have completed emotional support training. Hertfordshire plan
Nataly_w [17]

Answer:

95.64% probability that under 30% of the dogs are emotional support trained

Step-by-step explanation:

For each dog, there are only two possible outcomes. Either they have completed emotional support training, or they have not. So we use the binomial probability distribution to solve this problem.

However, we are working with samples that are considerably big. So i am going to aproximate this binomial distribution to the normal.

Binomial probability distribution

Probability of exactly x sucesses on n repeated trials, with p probability.

Can be approximated to a normal distribution, using the expected value and the standard deviation.

The expected value of the binomial distribution is:

E(X) = np

The standard deviation of the binomial distribution is:

\sqrt{V(X)} = \sqrt{np(1-p)}

Normal probability distribution

Problems of normally distributed samples can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

When we are approximating a binomial distribution to a normal one, we have that \mu = E(X), \sigma = \sqrt{V(X)}.

In this problem, we have that:

\mu = E(X) = np = 100*0.23 = 23

\sigma = \sqrt{V(X)} = \sqrt{np(1-p)} = \sqrt{100*0.23*0.77} = 4.21

What is the probability that under 30% of the dogs are emotional support trained?

30% of 100 is 0.3*100 = 30

So this is the pvalue of Z when X = 30.

Z = \frac{X - \mu}{\sigma}

Z = \frac{30 - 23}{4.1}

Z = 1.71

Z = 1.71 has a pvalue of 0.9564.

So there is a 95.64% probability that under 30% of the dogs are emotional support trained

5 0
3 years ago
What is the volume, in cubic inches, of a cone that has a radius of 8 inches and a height of 12 inches? Use 3.14 for π , and rou
Doss [256]

Answer:

803.84 in^3

Step-by-step explanation:

First of all we have to find the base area

base area = radius^2 x 3.14 = 8^2 x 3.14 = 64 x 3.14 = 200,96 in^2

the volume can be find with this formula:

V = (base area x height)/3

V = (200.96 x 12)/3 = 803.84 in^3

8 0
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