Simple interest is given by the formula:
S.I=PRT/100
where:
P=principle
R=rate
T=time
From the information given:
P=$200, r=5%, t=3 years.
Plugging into the formula we obtain:
A=200×5/100×3
simplifying we obtain:
A=$30
Answer is: A] $30
The sample mean is an estimate of the population mean.
The sample mean is exactly equal to the population mean
<h3>How to determine the true statement</h3>
When the population mean is known; the value of the population mean can be used as the sample mean.
This is so because:
The sample mean is an estimate of the population mean.
And it is represented as:
Hence, the true statement is that the sample mean is exactly equal to the population mean
Read more about sample mean at:
brainly.com/question/12892403
Multiply the amount of the notebooks which is 3, by the cost of the notebook, which is $15.85. that is $47.55.
to find how much it costs with the coupon, do the notebook cost and subtract that by 0.75
$47.55 - 0.75 = $46.8
We are NOT told 1) the finance charge and 2) the amount of time
<span>
<span>
19,850.00
<span>
Car Price
+1,488.75 Sales Tax
</span>
<span>
</span><span> -1,000.00
Down Payment
</span>
20,338.75
</span>
</span>
This is the amount being financed
Using a loan calculator http://www.1728.org/calcloan.htm
We see that if the loan is for 9.382% and it is for 5 years,
Then the monthly payment is $425.98
We will make 60 (12 months * 5) monthly payments resulting in a total loan cost of 425.98 * 60 =
<span>
<span>
25,558.80
</span>
</span>
Total Loan Cost
-20,338.75 Money Being Financed
5,220.05 Five Year's Interest
********************************************************************
THIS ISN'T EXACTLY RIGHT - SCROLL TO THE BOTTOM
So, 5,220.05 / 60 = Interest Paid each month.
= $87.00
So,
425.98
-87.00
<span>
<span>
338.98
</span>
</span>
Each month goes toward the principal.
******************************************************************************************
Although, the monthly payment remains exactly the same each month, the amount going toward interest and the amount going to equity (what you own), changes drastically each month.
See the mortgage calculator
http://www.1728.org/mortmnts.htm
So, your first payment, of 452.98 pays for $159.02 in interest and $266.95 in principal.
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