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Andreyy89
3 years ago
8

Sain has a student loan for $22,990. This loan has a simple interest rate of 5%. What is the amount of interest Sain will be cha

rged on his student loan at the end of 3 years?
Mathematics
2 answers:
joja [24]3 years ago
6 0
The answer is 3448.5
djyliett [7]3 years ago
4 0

Answer:

3448.5

Step-by-step explanation:

I=PRT

I=22990×0.05×3

=$3448.5

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Let X denote the time from the present until the stock market hits 25,000. If X ≤ 1, you win $10, 000X. If X > 1, you win not
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Answer: $6321

Step-by-step explanation:

Expected value is given as exactly what you might think it means intuitively, the return you can expect for some type of action.

The basic expected value formula is the probability of an event multiplied by the amount of times the event happens:(P(x) * n).

he formula for the Expected Value for a binomial random variable is:

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The formula for calculating the Expected Value where there are multiple probabilities is:

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The equation is basically the same, but here you are adding the sum of all the gains multiplied by their individual probabilities instead of just one probability.

Calculating the expected value of winning as follows:

Given,

Fx= e^-x, x is greater or equal to 0

Now, P less than or equal to zero =

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= 1 - e^-1

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and P(x>1) = 1-0.6321= 0.3679

Therefore,Let y= amount of winnings.

Based on the above given information,

y= $10000 0

P(y)= 0.6321 0.3679

The expected value of winning:

E(y) = ΣyP(y)

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E(y) = $6321

Therefore, the expected value of winning is $6321

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Step-by-step explanation:

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Answer:

Step-by-step explanation:

1/6

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Read 2 more answers
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