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Reptile [31]
3 years ago
10

2. Mrs. Siebenaller bought a “bus” for $25,000 with a 7% interest rate. Mrs. S. gets a loan to pay off in 5 years. How much inte

rest would she pay? (1 point show work, 1 point right answer = 2 points) I=PRT A. $8,750.00 B. $33,750.00 C. $87,500.00 D. $875000.00
Mathematics
2 answers:
Korolek [52]3 years ago
8 0

Answer:

<u>Mrs. Siebenaller will pay A. US$ 8,750.00 of interest for the loan </u>

Step-by-step explanation:

1. Let's review the data given to us for solving the question:

Loan amount = US$ 25,000

Time to pay off the loan = 5 years

Annual interest rate = 7% annually

2. Let's find how much interest Mrs. Siebenaller will pay, using the following formula:

Interest = PV * (1 + r)  * n - PV

PV = Loan = US$ 25,000

number of periods (n) =5 (number of years)

rate (r) = 7% = 0.07

Replacing with the real values, we have:

Interest = [25,000 *  (1 + 0.07) * 5 ] - 25,000

Interest =  [ 25,000 * 1.35] - 25,000

Interest = US$ 8,750

<u>Mrs. Siebenaller will pay US$ 8,750.00 of interest for the loan </u>

PSYCHO15rus [73]3 years ago
3 0

Answer: the correct option is A

Step-by-step explanation:

Cost of the bus is $25000. She took a loan of $25000 to be paid of in 5 years at an interest rate of 7%.

The formula for simple interest is expressed as

I = PRT/100

Where

I = interest

P = principal or initial amount borrowed

T = time in years

R = interest rate in percentage

From the information given,

P = 25000

R = 7%

T = 5 years

Therefore

I = (25000 × 7 × 5)/100 = 875000/100

I = $8750

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Need help
aleksandr82 [10.1K]

Using the normal distribution, the probabilities are given as follows:

a. 0.4602 = 46.02%.

b. 0.281 = 28.1%.

<h3>Normal Probability Distribution</h3>

The z-score of a measure X of a normally distributed variable with mean \mu and standard deviation \sigma is given by:

Z = \frac{X - \mu}{\sigma}

  • The z-score measures how many standard deviations the measure is above or below the mean.
  • Looking at the z-score table, the p-value associated with this z-score is found, which is the percentile of X.
  • By the Central Limit Theorem, the sampling distribution of sample means of size n has standard deviation s = \frac{\sigma}{\sqrt{n}}.

The parameters are given as follows:

\mu = 959, \sigma = 263, n = 37, s = \frac{263}{\sqrt{37}} = 43.24

Item a:

The probability is <u>one subtracted by the p-value of Z when X = 984</u>, hence:

Z = \frac{X - \mu}{\sigma}

Z = \frac{984 - 959}{263}

Z = 0.1

Z = 0.1 has a p-value of 0.5398.

1 - 0.5398 = 0.4602.

Item b:

Z = \frac{X - \mu}{\sigma}

By the Central Limit Theorem:

Z = \frac{X - \mu}{s}

Z = \frac{984 - 959}{43.24}

Z = 0.58

Z = 0.58 has a p-value of 0.7190.

1 - 0.719 = 0.281.

More can be learned about the normal distribution at brainly.com/question/4079902

#SPJ1

8 0
2 years ago
HELP ME PLEASE I HAVE BEEN DOING THIS FOR TWO HOURS, I BEG OF YOU‍♀️‍♀️
BabaBlast [244]

Answer:

  • The first factor is itself the sum of two terms
  • The solution is the product of two factors

Step-by-step explanation:

The math symbols of the expression include parentheses, a plus sign, and a multiplication symbol. The order of operations tells you to do the "plus" operation inside parentheses first. The numbers involved in a "plus" operation, or sum, are called "terms." The result is their sum.

Then the second operation in the order of operations is to do the multiplication of the sum on the left of the multiplication symbol by the number to the right of the multiplication symbol. The numbers involved in multiplication are called "factors". The result of multiplication is called a "product."

Matching up this vocabulary with what you see, you realize ...

  • the first factor is the sum of two terms
  • the end result of evaluating the expression is the product of two factors
6 0
3 years ago
In the figures below, the cube-shaped box is 6 inches wide and the rectangular box is 10 inches long, 4 inches wide, and 4 inche
11111nata11111 [884]
The difference in volume= v^{3} -V*L*H
=6^{3}-(10*4*4)
=216-160
= 56 cubic inches
4 0
3 years ago
What is the equation of the line that passes through the point
BabaBlast [244]

Answe6,-3

Step-by-step explanation:

keoo

3 0
3 years ago
A grocer wants to make a 10-pound mixture of peanuts and cashews that he can sell for $4.75 per pound. If peanuts cost $4.00 per
vladimir2022 [97]
The grocer wants to make a 10 pound mixture 
p - pounds of peanuts
c - pounds of cashews
therefore the total pounds should be equal to 10 pounds 
p + c = 10 -----> 1)
the cost for ;
peanuts - 4.00 per pound * p pounds = 4p
cashews - 6.50 per pound * c pounds = 6.5c
the price of 10 pounds mixture = 4.75 per pound * 10 pounds = 47.5
4p+6.5c = 47.5 ---> 2)

to solve for p and c lets use simultaneous equations 
p + c = 10 -----> 1)
4p+6.5c = 47.5 ---> 2)
multiply 1st equation by 4
4p + 4c = 40 ---> 3)
subtract 3rd equation from the 2nd
2.5c = 7.5
c = 3
substituting c= 3 in 1st equation
p+c = 10
p+3 = 10
p = 7
therefore 3 pounds of cashews and 7 pounds of peanuts are needed to make the mixture
6 0
3 years ago
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