$36 x 1.07 = $38.52
The cost will be $38.52
Tax on this is $2.52
Answer:
principal (p)=$1895
time (t)=4years
rate(r)=7.9%
Step-by-step explanation:
- compound interest amount=p((1+r/100)^t-1)=$1895((1+7.9/100)^4-1)=$1895×((1.355)-1)=$1895×(0.355)=$672.725
- simple interest=ptr/100=$1895×4×7.9/100=$598.82
Answer:
The probability that the time between the next two calls is between 3 minutes and 7 minutes is 0.2442.
Step-by-step explanation:
Let <em>X</em> = time between calls made to Amazon's customer service.
The average time between calls is, <em>β</em> = 10 minutes.
The random variable <em>X</em> follows an Exponential distribution with parameter 
The probability distribution function of <em>X</em> is:

Compute the probability that the time between the next two calls is between 3 minutes and 7 minutes as follows:

Thus, the probability that the time between the next two calls is between 3 minutes and 7 minutes is 0.2442.
The way Maria calculates the final price of the book is correct. We know that the book normally sells for $26.50 plus a 10% sales tax. We also know that the students will receive an additional 25% discount. We must understand that the sales tax is applied to the discounted price. So first we will calculate 25% of 26.50 and subtract it from that amount. So the price will then be: (26.50 - 6.625). The price is now $18.34. Then to calculate the tax, it will be (10% * 18.34), so 1.834. We add this amount to the discounted price so: (18.34+1.834) = 20.12.
The final price of the book is $20.12 and Maria can get it and still save a little money