Answer:
$395.61
Step-by-step explanation:
The formula for simple interest is:
Where
i is the interest amount
P is the principal amount
r is the rate of interest per time period
t is the time period
Here,
P = 4869
we want to find after 30 months, that converted to years is:
30/12 = 2.5 years
t = 2.5
The annual rate is 3.25% = 0.0325
Now, substituting, we find our answer:
The interest earned is <u>$395.61</u>
Answer:
About 3 years Speedy Jet printers be guaranteed.
Step-by-step explanation:
Given : Quality control studies for Speedy Jet Computer Printers show the lifetime of the printer follows a normal distribution with
mean and standard deviation
If the company wishes to replace no more than 10% of the printers.
To find : How long should Speedy Jet printers be guaranteed ?
Solution :
Using Z- table,
Z value corresponding to 10% or 0.10 = -1.28.
Applying z-score formula,
The value of x is given by,
Substitute the values,
So, approx 3 years.
Therefore, About 3 years Speedy Jet printers be guaranteed.
Answer: 60 miles
Step-by-step explanation:
Given
It takes ferry 2 hours to travel to town A and only to travel back to town B.
Speed of current is
Suppose the speed of the ferry is mph
Distance traveled in both the cases is same, but it took more time traveling to city A that is, ferry is moving upstream and downstream for returning time.
Distance between the towns is