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mel-nik [20]
3 years ago
8

Scott took out a 72 month loan for $35,000 to purchase a new boat. If Scott paid $8,925 in simple interest, what was the interes

t rate?
Mathematics
2 answers:
diamong [38]3 years ago
6 0

Answer:

Option 4.7% = 3,500 x 4.7% =$164.50 simple annual interest.

82.25 this is what Scott will pay in 6 months at simple interest.

 

Option 4.2% =3,500 x (1 +0.042/12)^6 =3,500 x 1.0035^6=$3,574.15.

3,500 =$74.15 this is what Scott will pay in 6 months at compounded interest.

 

The compound option is cheaper by: 74.15 =$8.10.

IRINA_888 [86]3 years ago
5 0

Answer: 4.75

Step-by-step explanation:

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Jarrell's family drove from their House to a
Aleksandr [31]

Answer: 156 miles

Step-by-step explanation:

First, divide 936 by 3 that is 312.

Then, do 3 times 2 because they stoped two times everyday that is 6.

Next, divide 936 by 6 that is 156.

Finally, do 312-156 that  is 156.

156 miles is the answer

8 0
3 years ago
Michmoo Computer Company sells computers and computer parts by mail. The company assures its customers that products are mailed
Anastaziya [24]

Answer: (60.858, 69.142)

Step-by-step explanation:

The formula to find the confidence interval for mean :

\overline{x}\pm z_c\dfrac{\sigma}{\sqrt{n}} , where \overline{x} is the sample mean , \sigma is the population standard deviation , n is the sample size and z_c is the two-tailed test value for z.

Let x represents the time taken to mail products for all orders received at the office of this company.

As per given , we have

Confidence level : 95%

n= 62

sample mean : \overline{x}=65 hours

Population standard deviation : \sigma=18 hours

z-value for 93% confidence interval: z_c=1.8119  [using z-value table]

Now, 93% confidence the mean time taken to mail products for all orders received at the office of this company :-

65\pm (1.8119)\dfrac{18}{\sqrt{62}}\\\\ 65\pm4.142\\\\=(65-4.142,\ 65+4.142)\\\\= (60.858,\ 69.142)

Thus , 93% confidence the mean time taken to mail products for all orders received at the office of this company : (60.858, 69.142)

8 0
3 years ago
Akron Cinema sells an average of 500 tickets on Mondays, with a standard deviation of 50 tickets. If a simple random sample is t
Paha777 [63]

Answer:

Step-by-step explanation:

Assuming the number of tickets sales from Mondays is normally distributed. the formula for normal distribution would be applied. It is expressed as

z = (x - u)/s

Where

x = ticket sales from monday

u = mean amount of ticket

s = standard deviation

From the information given,

u = 500 tickets

s = 50 tickets

We want to find the probability that the mean will be greater than 510. It is expressed as

P(x greater than 510) = 1 - P(x lesser than or equal to 510)

For x = 510

z = (510 - 500)/50 = 0.2

Looking at the normal distribution table, the probability corresponding to the z score is 0.9773

P(x greater than 510) = 1 - 0.9773 = 0.0227

7 0
3 years ago
Read 2 more answers
A certain electronics manufacturer found that the average cost C to produce x DVD/Blu- ray players can be found using the equati
Marina CMI [18]

Answer:

Minimum average cost = 743.75

Number of dvds to achieve the cost = 62.5

Step-by-step explanation:

Given the cost equation

C = 0.04x² − 5x + 900

To Obtian the minimum average cost ;

Find dc/dx = 0

Diffentiate cost, c it ith respect to x

dc/dx = 2(0.04x) - 5

dc/dx = 0.08x - 5 = 0

0.08x = 5

x = 5 / 0.08

x = 62.5

Substitute the value of x into C to obtain the minimum average cost

C = 0.04(62.5)² - 5(62.5) + 900

C = 743.75

6 0
2 years ago
4 1/2 + 1 + 2 + 1 1/4 + 1/2 + 2/4 how did you get the answer
Anestetic [448]
Your answer is 9 3/4.
6 0
3 years ago
Read 2 more answers
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