What is the range of the cluster in the scatter plot? Between 5 m and 7 m Between 1 m and 6 m Between 1 s and 9 s Between 1 s an
d 3 s
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Suppose
At the same time, we can write
Note that (just reverse the sum). Let's pair the first terms of
and
, and the second, and the third, and so on:
Now, each grouped term in the sum on the right side adds to 151. There are 52 grouped terms on that same side (because there are 50 numbers in the range of integers 51-100, plus 50 and 101), which menas
But , as we pointed out, so
The maturity value of a loan of $2500 at the simple interest rate of 4.3% that is needed to be repaid in 8 months is $2607.50.
<h3>What is simple interest?</h3>Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,
where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.
As it is given the principal amount of the loan is $2500, while the interest rate is 4.3%, therefore, after a period the interest on the loan will be,
Thus, the interest amount on the loan of $2500, is $107.5.
Now, in order to find the value of the loan we need to add the interest and the principal amount of the loan together. Therefore, the value of the loan can be written as,
The value of the loan = Principal Amount + Interest rate
= $2500 + $107.5
= $2607.50
Hence, the maturity value of a loan of $2500 at the simple interest rate of 4.3% that is needed to be repaid in 8 months is $2607.50.
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