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densk [106]
3 years ago
10

David borrows $15,000 for a new car. He is charged 6% simple interest per year. If he paid $4500 in interest, how many years did

it take him to repay the loan?
Mathematics
1 answer:
krek1111 [17]3 years ago
8 0

Answer:

5 years

Step-by-step explanation:

Given that:

Amount borrowed = principal = p = $15000

Interest % per year = r = 6% = 0?06

Total Interest paid = $4500

Number of years it took to repay the loan (t) =?

Simple interest = (p * r * t)

4500 = (15000 * 0.06 * t)

4500 = 900t

4500 / 900 = t

5 = t

It tool 5 years to repay the loan

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Answer:

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Step-by-step explanation:

Denote the events as follows:

<em>R</em> = reported case of rabies is a raccoon

<em>F</em> = reported case of rabies is a fox

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The data provided is:

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(a)

A property of a probability distribution is that the sum of all individual properties is 1.

That is, \sum P(X)=1

Compute the value of <em>x</em> as follows:

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P(R^{c})=1-P(R)\\=1-0.55\\=0.45

Thus, the probability that a reported case of rabies is not a raccoon is 0.45.

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P(B\cup F)=P(B)+P(F)\\=0.11+0.04\\=0.15

Thus, the probability that a reported case of rabies is either a bat or a fox is 0.15.

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