Answer:
x=6
Step-by-step explanation:
hope this helped!!
In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
Answer:
for my answer i got 512 but it is not one of the answer choices
Step-by-step explanation:
Answer:
Explained below.
Step-by-step explanation:
The data provided is for the dying time of four different types of paint.
One-way ANOVA can be used to determine whether all the four paints have the same drying time.
Use Excel to perform the one-way ANOVA.
Go to Data → Data Analysis → Anova: Single Factor
A dialog box will open.
Select the data.
Select "Grouping" as Columns.
Press OK.
The output is attached below.
The required values are as follows:
(1)
Sum of Squares of Treatment (Between Subjects):
SST = 330
(2)
Sum of Squares of Error (Within Subjects):
SSE = 692
(3)
Mean Squares Treatment (Between Subjects):
MST = 110
(4)
Mean Squares Error (Within Subjects):
MSE = 43.25

Solve for x by cross multiplication


- Swap the sides of equation

- Divide both sides of equation by 30
