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zaharov [31]
3 years ago
12

You get a student loan from the New Mexico Educational Assistance Foundation to pay for your educational expenses this year. Fin

d the interest on the loan if you borrowed $2,000 at 8.5% for 3 year.
Mathematics
1 answer:
KIM [24]3 years ago
3 0

Answer:

$554.58

Step-by-step explanation:

The interest on the loan can be computed by first determining the future value of the loan in three years as follows:

FV=PV*(1+r)^n

PV is the amount of the loan which is $2,000

r is the interest rate which is 8.5%

n is the number of years which is 3 years

FV=$2000*(1+8.5%)^3=$ 2,554.58  

Since the value of the loan in three years is $ 2,554.58 ,the interest on the loan is the difference between the future value and the present value

interest=$ 2,554.58-$2,000.00=$554.58

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Answer:

$0.80 per pound

Step-by-step explanation:

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5 0
3 years ago
I need the answer in under 34 min
MissTica

Answer:

I. 1 cup is $4.50

2 cups is $9.00

3 cups is $13.50

ll. 6 cups is $27.00

Step-by-step explanation:

Now since the number of cups is proportional to the total cost of frozen yoghurt,and the cost of 4 yoghurts cups where given .ie. $18.00

then 1 cup is $18/4 which is $4.50 per one cup, thus the other cost of cups are given.

therefore 6 cups is 6•18/4 which is $27.00.

hence 5 cups is 5•18/4 which is $22.50.

4 0
3 years ago
Can someone please help me <br><br> Choose 1 answer what is it A B C OR D ? Please help me
Sunny_sXe [5.5K]

Answer:

C

Step-by-step explanation:

3 0
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What is the Y intercept of the fraction describing in the table?
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Step-by-step explanation:

6 0
3 years ago
The germination rate is the rate at which plants begin to grow after the seed is planted.
chubhunter [2.5K]

Answer:

z=\frac{0.467 -0.9}{\sqrt{\frac{0.9(1-0.9)}{15}}}=-5.59  

p_v =P(z  

So the p value obtained was a very low value and using the significance level given \alpha=0.05 we have p_v so we can conclude that we have enough evidence to reject the null hypothesis, and we can said that at 5% of significance the proportion of germinated seeds is significantly lower than 0.9 or 90%

Step-by-step explanation:

Data given and notation

n=15 represent the random sample taken

X=7 represent the number of seeds germinated

\hat p=\frac{7}{15}=0.467 estimated proportion of seeds germinated

p_o=0.9 is the value that we want to test

\alpha represent the significance level

z would represent the statistic (variable of interest)

p_v represent the p value (variable of interest)  

Concepts and formulas to use  

We need to conduct a hypothesis in order to test the claim that the true proportion of germinated seeds is less than 0.9 or 90%.:  

Null hypothesis:p\geq 0.9  

Alternative hypothesis:p < 0.9  

When we conduct a proportion test we need to use the z statisitc, and the is given by:  

z=\frac{\hat p -p_o}{\sqrt{\frac{p_o (1-p_o)}{n}}} (1)  

The One-Sample Proportion Test is used to assess whether a population proportion \hat p is significantly different from a hypothesized value p_o.

Calculate the statistic  

Since we have all the info requires we can replace in formula (1) like this:  

z=\frac{0.467 -0.9}{\sqrt{\frac{0.9(1-0.9)}{15}}}=-5.59  

Statistical decision  

It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.  

The significance level assumed is \alpha=0.05. The next step would be calculate the p value for this test.  

Since is a left tailed test the p value would be:  

p_v =P(z  

So the p value obtained was a very low value and using the significance level given \alpha=0.05 we have p_v so we can conclude that we have enough evidence to reject the null hypothesis, and we can said that at 5% of significance the proportion of germinated seeds is significantly lower than 0.9 or 90%

4 0
3 years ago
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