Answer: 24 model airplanes can be made in 2 hours.
Step-by-step explanation:
Answer:
The first term of the sequence is -120.
Step-by-step explanation:
The formula for the "nth" term of a geometric sequence is shown below:
an = a0*r^(n-1)
Where an is the nth term, r is the ratio and n is the position of the term on the sequence. For this problem we want to find what is the initial term, a0, so we will isolate it in the formula as shown below:
a0*r^(n-1) = an
a0 = an/[r^(n-1)]
We then apply the data given to us
a0 = 31.45728/[-0.8^(7-1)]
a0 = 31.45728/[-0.8^6] =31.45728 /-0.262144= -120
The first term of the sequence is -120.
Answer:
The probability is 0.31
Step-by-step explanation:
In this question, we are tasked with calculating the probability that a random plumber called at Denver will charge an amount greater than $86 given the mean and the standard deviation.
Firstly, we calculate the standard score of $86 using the mean and the standard deviation.
Mathematically;
z-score = (x-mean)/SD
where x = 86, mean = 84 and SD = 4
z-score = (86-84)/4 = 2/4 = 0.5
Hence, we want to calculate P(z ≥ 0.5)
Using standard table
P( (z ≥ 0.5) = 1 - P(z ≤ 0.5) = 1 - ( 0.19146 + 0.5) = 0.30854
To the nearest hundredth = 0.31
Since the problem is requiring us to use the loan repayment calculator and here is what the calculator gave:
Loan Balance: $25,506.00
Adjusted Loan Balance: $25,506.00
Loan Interest Rate: 6.80%
Loan Fees: 0.00%
Loan Term: 10 years
Minimum Payment: $0.00
Monthly Loan Payment: $293.52
Number of Payments: 120 months
Cumulative Payments: $35,223.07
Total Interest Paid: $9,717.07
It is projected that you will need an annual salary of a minimum $35,222.40 to be capable to have enough money to repay this loan. This approximation assumes that 10% of your gross monthly income will be keen to repaying your student loans. This resembles to a debt-to-income ratio of 0.7. If you use 15% of your gross monthly income to repay the loan, you will need an annual salary of only $23,481.60, but you may experience some financial difficulty. This corresponds to a debt-to-income ratio of 1.1.
