Answer: $10000
Step-by-step explanation:
From the question,
Principal = $43000
Time = 5 years
Rate = Unknown
Simple Interest = $51,600 - $43000 = $8600
We need to calculate the rate of interest which will be:
Interest = PRT/100
8600 = (43000 × 5 × Rate) / 100
Cross multiply
8600 × 100 = 215000 × Rate
Rate = 860000 / 215000
Rate = 4%
Assuming Justine borrowed $50,000 instead, the yearly Interest will be:
= (50000 × 5 × 4%)
= 50000 × 5 × 0.04
= $10000
Answer:-2.75
Step-by-step explanation: y+4=-4(x-5) y+4=-4x+5/4 y=-4x-2.75
Answer:
A is correct
Step-by-step explanation:
The geometry sequence has the equation 
.
The 5 represents the first number of the sequence and the 3 represents the common ratio.
a(5) = 
answer: 405
Answer:
95% confidence level should be used for a confidence interval.
The given confidence interval contains the value of 85 sec, so there is not sufficient evidence to support the claim that the mean is greater than 85 sec.
Step-by-step explanation:
0.05 significance level
1 - 0.05 = 0.95
0.95*100% = 95%
This means that a 95% confidence level should be used for a confidence interval.
Confidence interval is found to be −1.8 sec<μ<213.5 sec, what should we conclude about the claim?
Contains the value of 85 sec, thus there is not sufficient evidence to support the claim that the mean is greater than 85 sec.
