The simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.
<h3>What is simple interest?</h3>
Simple interest refers to the interest calculated only on the principal.
With the simple interest method, the borrower only pays interest on the principal without considering the previously-accumulated interests.
<h3>Data and Calculations:</h3>
Principal = $4,700
Interest rate = 4%
Period = 10 months
Simple interest = $156.67 ($4,700 x 4% x 10/12)
Thus, the simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.
Learn more about simple interests at brainly.com/question/
Involving the second and no higher power of an unknown quantity or variable.
Answer: 22.99
15 percent of (19.99 U.S. dollars) =
2.9985 U.S. dollars
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Answer:
z-value of rachel = 1.875
z-value of rob = -2
z-value of Rachel is more than that of rob. Thus rob is earning below average and rachel is earning above average.
Step-by-step explanation:
Let's denote the salary of Rob and Rachel per year by X. So, X = $50,000
We are told that;
For Rachel's industry;
Mean salary;μ1 = $35,000
Standard deviation;σ1 = $8,000
For Rob's industry;
Mean salary;μ2 = $60,000
Standard deviation;σ2 = $5,000
Formula for z - value is;
z = (X - μ)/σ
Thus;
z-value for rob is;
z2 = (X - μ2)/σ2
z2 = (50000 - 60000)/5000
z2 = -2
z-value for rachel is;
z1 = (X - μ1)/σ1
z1 = (50000 - 35000)/8000
z1 = 1.875
z-value of Rachel is more than that of rob. Thus rob is earning below average and rachel is earning above average.
