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Margaret [11]
3 years ago
12

2. A loan for $4000 with interest at 6.75% compounded semi-annually is repaid after 5 years. What is the amount of interest paid

?
Mathematics
1 answer:
weqwewe [10]3 years ago
8 0

Answer:

Total Interest paid is $713.60

Loan $4,000.00 x60 months x6.75%

Payments $78.56X60=4,713.60

Deduct starting balance of $4,000.00 from total payments

Total $713.60

Step-by-step explanation:

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andre [41]

Answer: 0.074

Step-by-step explanation:

Given : The total number of U.S. adults in the sample = 800

The number of U.S. adults dine out at a restaurant more than once a week = 216

The probability for an adult dine out more than once per week :-

\dfrac{218}{800}

If another person is selected without replacement ,then

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The probability for the second person dine out more than once per week :-

\dfrac{217}{799}  

Now, the probability that both adults dine out more than once per week :-

\dfrac{218}{800}\times\dfrac{217}{799}=0.074

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