Answer:
your answer should be 15%
9514 1404 393
Answer:
- loan: $157,823
- repaid: $378,000
- interest: $220,177
Step-by-step explanation:
For a loan value of 1, the monthly payment on a 30 year loan at 7% is ...
A = (0.07/12)/(1 -(1 +0.07/12)^(-12·30)) ≈ 0.00665302495
Then the amount repaid after 360 payments is ...
360A = 2.39508898 . . . times the principal amount
__
a) For a monthly payment of $1050, the principal can be ...
$1050/0.00665302495 ≈ $157,823
__
b) The amount repaid to the loan company is ...
$157,823×2.39508898 ≈ $378,000
__
c) The amount that is interest is ...
$378,000 -157,823 = $220,177
Answer and Step-by-step explanation:
You got everything correct so far except for #4.
4. Yes, it is 1. But it would be in months.
So you would put:
1 month = x
12 months = 1 year.
Since the population increases by 1.5 times a <em>month.</em>
For question number 3.
The equation should be:
<- Function
<- Function when x is 12 months (1 year)
(Put those both the same way I put it.)
It gives you the equation to work with, you just have to plug in the values.
1.5 is in the parenthesis because it needs to be the one that is raised by an exponent.
100 is the initial population, so it stays on the outside.
x is the exponent
The percent of students that are aged 19 years or more is determined as 84%.
<h3>One standard deviation below the mean</h3>
In a normal distribution curve 1 standard deviation below the mean is defined as follows;
- 1 std below mean : M - d = 16%
M - d = 20.6 yrs - 1.3 yrs = 19.3 years ≈ 19 years
19 years or more will occur at (M - d) + (M) + (M + 2d) = 100% - (M - d)
= 100% - 16%
= 84%
Thus, the percent of students that are aged 19 years or more is determined as 84%.
Learn more about normal distribution here: brainly.com/question/4079902
#SPJ1