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3 years ago

9

You ask to barrow $800 from your Uncle Raul who decides to charge you 25% monthly interest on the initial amount. Does this arra

ngement describe simple interest or compound interest?

1 answer:

exis [7]3 years ago

3 0

Answer:

Compound interest

Step-by-step explanation:

It accumulates every month

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Answer: a) The probability is approximately = 0.5793

b) The probability is approximately=0.8810

Step-by-step explanation:

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Standard deviation : $\sigma = \text{2.5 in}$

a) The formula for z -score :

$z=\dfrac{x-\mu}{\dfrac{\sigma}{\sqrt{n}}}$

Sample size = 1

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Step-by-step explanation:

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