Answer: $1250
Step-by-step explanation:
Given data:
Cost of car = $35,000
Down payment made = $2500
Interest rate = 5.25%
Duration of loan = 6 years
Loan Amount = $3000
Solution:
I = prt/100
where
I = interest
p = principal ($30,000)
r = 5.25%
t = 6
I = $30,000 * 5.25 * 6 /100
= $9450
interest payable on the loan in 6 years is $9450.
Rental
=$600 monthly * 6(12)
= $43,200
Amount made from renting the car is $43,200.
• Money saved by Benjamin in 6 years
= $43,200 – $32500 + $9450
= $43,200 – $41,950
= $1250
Benjamin would have saved $1250 in 6 years.
Answer:
The confidence interval for the proportion of students supporting the fee increase
( 0.77024, 0.81776)
Step-by-step explanation:
<u>Explanation:</u>
Given data a survey of an urban university (population of 25,450) showed that 883 of 1,112 students sampled supported a fee increase to fund improvements to the student recreation center.
Given sample size 'n' = 1112
Sample proportion 'p' =
q = 1 - p = 1- 0.7940 = 0.206
<u>The 95% level of confidence intervals</u>
The confidence interval for the proportion of students supporting the fee increase
The Z-score at 95% level of significance =1.96
(0.7940-0.02376 , 0.7940+0.02376)
( 0.77024, 0.81776)
<u>Conclusion:</u>-
The confidence interval for the proportion of students supporting the fee increase
( 0.77024, 0.81776)
Answer:
9 : 25
Step-by-step explanation:
45 : 125 simplify =
Answer:
21
Step-by-step explanation: