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kap26 [50]
2 years ago
7

1. Melissa took out a loan of $50,000 with an interest rate of 2.3% for the start-up of the Math Cafe. How much will she owe the

bank if the loan term is for five years? Explain how you got your answer.
Mathematics
1 answer:
77julia77 [94]2 years ago
7 0

Answer:

<em>$55,750 a</em>

Step-by-step explanation:

Given Principal P = $50,000

Rate R = 2.3%

Time T = 5 years

Get the interest first

Simple interest = PRT/100

Simple interest = 50,000*2.3*5/100

Simple interest  = 500*2.3*5

Simple interest  = $5,750

Amount = Principal + Interest

Amount = $50,000 + $5,750

Amount = $55,750

<em>Hence she will owe the bank $55,750 after 5 years</em>

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According to the empirical (69-95-99.7) rule, if a random variable z has a standard normal distribution, then approximately 95%
Dmitry_Shevchenko [17]

Using z-scores, it is found that the value of z is z = 1.96.

-----------------------------

Normal Probability Distribution

Problems of normal distributions can be solved using the z-score formula, which for a measure X, in a distribution with mean \mu and standard deviation \sigma, is given by:  

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

  • It measures how many standard deviations the measure is from the mean.
  • Each z-score has an associated p-value, which is the percentile.

  • The normal distribution is symmetric, which means that the middle 95% is between the <u>2.5th percentile and the 97.5th percentile</u>.
  • The 2.5th percentile is Z with a p-value of 0.025, thus Z = -1.96.
  • The 97.5th percentile is Z with a p-value of 0.975, thus Z = 1.96.
  • Thus, the value of Z is 1.96.

A similar problem is given at brainly.com/question/16965597

7 0
2 years ago
An online video store charges $24 please help
mr Goodwill [35]

Answer:

B. 24d + 4; $76

Step-by-step explanation:

Part 1: If the online store charges $24 per DVD, this is the same as saying "24 multiplied by the number of DVDs bought".

It's given that "d" represents the number of DVDs

  • So the first part of the variable expression is: 24d

If the online store also charges an additional $4 per <em>order,</em> that means that it's only $4 extra for the whole order. NOT per DVD you buy.

  • Result: 24d + 4

Part 2: If someone were to buy 3 DVDs, that would mean that d = 3.

To find the total cost, substitute 3 for d into the expression.

  • 24d + 4
  • 24(3) + 4
  • 72 + 4 = 76
  • Result: $76
4 0
3 years ago
Complete the square to rewrite y-x^2-6x+14 in vertex form. then state whether the vertex is a maximum or minimum and give its co
ycow [4]

Answer:

y= x^2 -6x +(\frac{6}{2})^2 +14 -(\frac{6}{2})^2

And solving we have:

y= x^2 -6x +9 + 14 -9

y= (x-3)^2 +5

And we can write the expression like this:

y-5 = (x-3)^2

The vertex for this case would be:

V= (3,5)

And the minimum for the function would be 3 and there is no maximum value for the function

Step-by-step explanation:

For this case we have the following equation given:

y= x^2 -6x +14

We can complete the square like this:

y= x^2 -6x +(\frac{6}{2})^2 +14 -(\frac{6}{2})^2

And solving we have:

y= x^2 -6x +9 + 14 -9

y= (x-3)^2 +5

And we can write the expression like this:

y-5 = (x-3)^2

The vertex for this case would be:

V= (3,5)

And the minimum for the function would be 3 and there is no maximum value for the function

4 0
3 years ago
Put the following equation of a line into slope-intercept form, simplifying all
lisabon 2012 [21]

Answer:

y = -5x-9

Step-by-step explanation:

Slope intercept form is

y = mx+b  where m is the slope and b is the y intercept

10x + 2y = -18

Subtract 10x from each side

10x + 2y-10x =-10x -18

2y = -10x-18

Divide each side by 2

2y/2 = -10x/2 -18/2

y = -5x-9

8 0
2 years ago
What is 0.84 as a fraction in the lowest term​
jok3333 [9.3K]

Answer:

well to start off its highest form is 84/100

Step-by-step explanation:

21/25 is the result of me trying to divide both top and bottom by numbers 1-10

4 0
3 years ago
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