the first simple interest will be $1.73 more than the second one.
<h3>
Which is the difference between the two interests?</h3>
The loan is of $575, and there are two options:
7 years at 4.5% or 8 years at 3.9%
Remember that the simple interest formula is:
SI = (P*R*T)/100
Where:
P = principal value.
R = rate (this is the percentage per year)
T = time, in years.
Then for the first option. the interest will be:
SI = ($575*4.5*7)/100 = $181.13
For the second option we will have the interest:
SI' =( $575*3.9*8)/100 = $179.4
The difference is:
$181.13 - $179.4 = $1.73
This means that the first simple interest will be $1.73 more than the second one.
If you want to learn more about simple interests:
brainly.com/question/20690803
#SPJ1
Answer:
y=-14
Step-by-step explanation:
Answer:
90 degrees
Step-by-step explanation:
if The protractor were on the line I’d be able to see if it’s accurately 90
Answer: $14
Steps:
What if 35% of $40
35% of 40
35% * 40
0.35 * 40 = $14
She will save $14
Tips:
-The word “of” means multiply
-To change a percent to a decimal move the decimal 2 places to the left.
If this was helpful and correct I would appreciate the brainliest! :)
Answer:
The 99% confidence interval for the population mean is 22.96 to 26.64
Step-by-step explanation:
Consider the provided information,
A sample of 49 customers. Assume a population standard deviation of $5. If the sample mean is $24.80,
The confidence interval if 99%.
Thus, 1-α=0.99
α=0.01
Now we need to determine 
Now by using z score table we find that 
The boundaries of the confidence interval are:
Hence, the 99% confidence interval for the population mean is 22.96 to 26.64
