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Gala2k [10]
3 years ago
9

Montrey recently paid off his simple interest loan. If he borrowed $6,500 for 5 years at 7%, what was the total amount he had to

pay back?
Mathematics
1 answer:
erica [24]3 years ago
6 0

9514 1404 393

Answer:

  $8,775

Step-by-step explanation:

The amount due is given by the formula ...

  A = P(1 +rt)

where P is the principal amount, r is the annual rate, and t is the number of years.

  A = $6,500(1 +0.07×5) = $6,500(1.35) = $8,775

Montrey had to pay back $8,775.

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Step-by-step explanation:

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Given WRST is a parallelogram and
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3 years ago
It is estimated % of all adults in United States invest in stocks and that % of U.S. adults have investments in fixed income ins
katovenus [111]

Complete question :

It is estimated 28% of all adults in United States invest in stocks and that 85% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that 26% of U.S. adults have investments in both stocks and fixed income instruments. (a) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to decimal places. (b) What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments?

Answer:

0.929 ; 0.306

Step-by-step explanation:

Using the information:

P(stock) = P(s) = 28% = 0.28

P(fixed income) = P(f) = 0.85

P(stock and fixed income) = p(SnF) = 26%

a) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to decimal places.

P(F|S) = p(FnS) / p(s)

= 0.26 / 0.28

= 0.9285

= 0.929

(b) What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments?

P(s|f) = p(SnF) / p(f)

P(S|F) = 0.26 / 0.85 = 0.3058823

P(S¦F) = 0.306 (to 3 decimal places)

3 0
3 years ago
Three pairs of gloves- a red pair, a blue pair, and a green pair-are in a drawer. If the gloves are removed at random without re
balandron [24]

Answer:

4

Step-by-step explanation:

Given that three pairs of gloves- a red pair, a blue pair, and a green pair-are in a drawer.  The gloves are removed at random without returning any to the drawer.

We have to find the minimum number that must be removed in order to guarantee having a matched pair of gloves

No of different colours = 3 (red, blue, green)

Hence no of gloves that must be removed = 3+1

If 4 gloves are removed, only 3 can be of different colours 1 will have same colour as any one of the three.

So a pair of same colour would be obtained

Answer is 4

8 0
3 years ago
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