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Natalija [7]
3 years ago
14

A loan worth $1000 collects simple interest each year for 6 years. At the end of that time, a total of $1270 is paid back. Deter

mine the percentage rate for this loan?
Mathematics
1 answer:
Korolek [52]3 years ago
5 0

Answer:

The percentage rate is 4.5%

Step-by-step explanation:

The simple interest earned in this situation is $1270 - $1000, or $270.

the simple interest formula is i =prt.

Here, i = $270 = ($1000)(r)(6 yr).

                $270

Then r = ------------------- = 0.045

                $1000(6 yr)

The percentage rate is 4.5%

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Write the number in order starting with the smallest 1.06, 1.031,1.306,1.36
Diano4ka-milaya [45]
1.031, 1.06, 1.306, 1.36

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math problem Just before a referendum on a school budget, a local newspaper polls 400 voters in an attempt to predict whether th
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Answer:

The conditions necessary for the analysis are met.

The probability the newspaper’s sample will lead them to predict defeat is 0.7881

Step-by-step explanation:

We are given;

population proportion; μ = 52% = 0.52

Sample size;n = 400

The conditions are;

10% conditon: sample size is less than 10% of the population size

Success or failure condition; np = 400 x 0.52 = 208 and n(1 - p) = 400(1 - 0.52) = 192.

Both values are greater than 10

Randomization condition; we assume that the voters were randomly selected.

So the conditions are met.

Now, the standard deviation is gotten from;

σ = √((p(1 - p)/n)

where;

p is the population proportion

n is the sample size

σ is standard deviation

Thus;

σ = √((0.52(1 - 0.52)/400)

σ = √((0.52(0.48)/400)

σ = 0.025

Now to find the z-value, we'll use;

P(p^ > 0.5) = P(z > (x - μ)/σ)

Thus;

P(p^ > 0.5) = P(z > (0.5 - 0.52)/0.025)

This gives;

P(p^ > 0.5) = P(z > - 0.8)

This gives;

P(p^ > 0.5) = 1 - P(z < -0.8)

From the table attached we have a z value of 0.21186

Thus;

P(p^ > 0.5) = 1 - 0.21186 = 0.7881

Thus, the probability the newspaper’s sample will lead them to predict defeat is 0.7871

8 0
3 years ago
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belka [17]
The answer is II and III, which is the last choice from above.  This is because the symbol "less than (or equal to)" indicated a conjunction, which means we have to take into account that the absolute value can be less than or equal to 15, and greater than or equal to -15.  This solution set falls in between the two values, hence, the conjunction.
3 0
3 years ago
Place each of the digits 1, 3, 5, and 6 in the blanks provided to create an expression whose value is 1/10
kompoz [17]

Answer:

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Step-by-step explanation:

From the picture attached,

Multiplication of two fractions gives the result as \frac{1}{10}.

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Therefore, \frac{1}{5}\times \frac{3}{6}=\frac{1}{10} will be the answer.

3 0
3 years ago
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