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aksik [14]
4 years ago
11

Ryan has an eight-year loan for $6,000. He is being charged an interest rate of 5 percent, compounded annually. Calculate the to

tal amount that he will pay.
Mathematics
1 answer:
nikitadnepr [17]4 years ago
5 0
Given:
Principal : $6,000
Interest Rate: 5%
Term : 8 years, compounded annually.

The term compounded annually is a hint that informs us to use the compounded interest formula instead of the simple interest formula.

Compounded interest formula is: 

A = P(1 + r/n)^nt

where:
A = future value of loan or investment including the interest
P = principal
r = rate
n = the number of times the interest is compounded per year
t = the number of years the money is borrowed or invested

A = P (1 + r/n)^nt
A = 6,000 (1 + 0.05/1)¹ * ⁸
A = 6,000 (1.05)⁸
A = 6,000 (1.48)
A = 8,880

The total amount Ryan will pay after 8 years is $8,880.00
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Suppose that the walking step lengths of adult males are normally distributed with a mean of 2.5 feet and a standard deviation o
Mumz [18]

Answer:

0% probability that the mean of the sample taken is less than 2.2 feet.

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean \mu and standard deviation \sigma, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean \mu and standard deviation s = \frac{\sigma}{\sqrt{n}}.

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Mean of 2.5 feet and a standard deviation of 0.2 feet.

This means that \mu = 2.5, \sigma = 0.2

Sample of 41

This means that n = 41, s = \frac{0.2}{\sqrt{41}}

Find the probability that the mean of the sample taken is less than 2.2 feet.

This is the p-value of Z when X = 2.2 So

Z = \frac{X - \mu}{\sigma}

By the Central Limit Theorem

Z = \frac{X - \mu}{s}

Z = \frac{2.2 - 2.5}{\frac{0.2}{\sqrt{41}}}

Z = -9.6

Z = -9.6 has a p-value of 0.

0% probability that the mean of the sample taken is less than 2.2 feet.

6 0
3 years ago
Im a bit stuck id appreactate any help. Just liek an simplified
maks197457 [2]

Answer:

x < -3

General Formulas and Concepts:

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

  1. Brackets
  2. Parenthesis
  3. Exponents
  4. Multiplication
  5. Division
  6. Addition
  7. Subtraction
  • Left to Right

Equality Properties

Step-by-step explanation:

<u>Step 1: Define Inequality</u>

15 < -5x

<u>Step 2: Solve for </u><em><u>x</u></em>

  1. Divide -5 on both sides:                    -3 > x
  2. Rewrite:                                               x < -3

Here we see that any number <em>x</em> that is smaller than -3 would work as a solution to the inequality.

3 0
3 years ago
Read 2 more answers
Suppose a parabola has an axis of symmetry at x=-5, a maximum height of 9, and passes through the point (-7,1). Write the equati
Nutka1998 [239]

the parabola has maximum at 9, meaning is a vertical parabola and it opens downwards.

it has a symmetry at x = -5, namely its vertex's x-coordinate is -5.

check the picture below.

so then, we can pretty much tell its vertex is at (-5 , 9), and we also know it passes through (-7, 1)


\bf ~~~~~~\textit{parabola vertex form} \\\\ \begin{array}{llll} y=a(x- h)^2+ k\qquad \leftarrow \textit{using this one}\\\\ x=a(y- k)^2+ h \end{array} \qquad\qquad vertex~~(\stackrel{}{ h},\stackrel{}{ k}) \\\\[-0.35em] \rule{34em}{0.25pt}\\\\ \begin{cases} h=-5\\ k=9 \end{cases}\implies y=a[x-(-5)]^2+9\implies y=a(x+5)^2+9


\bf \textit{we also know that } \begin{cases} x=-7\\ y=1 \end{cases}\implies 1=a(-7+5)^2+9 \\\\\\ -8=a(-2)^2\implies -8=4a\implies \cfrac{-8}{4}=a\implies -2=a \\\\[-0.35em] ~\dotfill\\\\ ~\hfill y=-2(x+5)^2+9~\hfill

7 0
3 years ago
Greensboro gets 12 times as many inches of snow as Redville gets. Altoghter, the two towns gets 65 inches of snow.How many inche
Tomtit [17]
Inches of snow Greensboro gets = g
Inches of snow Redville gets = r

\left \{ {{g=12r} \atop {g+r=65}} \right.  \\  \\ (12r)+r=65 \\ 13r=65 \\ r=5

Redville gets 5 inches of snow.
6 0
4 years ago
Solve the problem attached in the image
EleoNora [17]

Answer:

no te entiendo

yo también la busco

4 0
3 years ago
Read 2 more answers
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