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ValentinkaMS [17]
3 years ago
10

Maxwell is taking out a loan for $8,750 for 2 years at an APR of 9.75%. What would be the finance charge to the nearest whole do

llar? (use
the formula)
Mathematics
1 answer:
Sladkaya [172]3 years ago
8 0

Answer:

Step-by-step explanation:

Using the formula for calculating simple interest

SI = principal × rate × time/100

Given

Principal = $8750

Rate = 9.75%

Time = 2years

Substitute

Interest = 8750×9.75×2/100

Interest = 87.59×19.5

Interest = 1,706.25

Hence the finance charge to the nearest whole dollar is $1706

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The test statistic value lies to the right of the critical value. So we have sufficient evidence to reject the null hypothesis.

<h3>What are null hypotheses and alternative hypotheses?</h3>

In null hypotheses, there is no relationship between the two phenomenons under the assumption or it is not associated with the group. And in alternative hypotheses, there is a relationship between the two chosen unknowns.

Students who take a statistics course are given a pre-test on the concepts and skills for the first chapter of a statistics course.

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Pre-test and post-test scores for 4 students in an elementary statistics class are given below.

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\rm t_{n-1}(\alpha ) = t_3 (0.05) = 2.353

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Hence, we can conclude that \mu _d > 0 that is test scores have improved.

More about the null hypotheses and alternative hypotheses link is given below.

brainly.com/question/9504281

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