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Eduardwww [97]
3 years ago
11

A loan of $8,000 is paid back in two years in monthly payments of $400. The percentage interest on the loan was

Mathematics
1 answer:
Serhud [2]3 years ago
8 0

Answer:

D

Step-by-step explanation:

The number of months in two years is 24 months.

Now, with a repayment plan of $400 per month, the total amount returned will be 400 * 24 = $9,600

Now, $8,000 was borrowed but $9,600 was returned

The amount of interest is 9600-8000 = 1600

So what percentage of 8,000 is 1600?

1600/8000 * 100 = 16/80 * 100 = 1/5 * 100 = 20%

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Answer:

As per dot plots we see the distribution of prices is close but majority of prices are concentrated in different zones. So MAD would be more similar by the look.

<u>Let's verify</u>

<h3>Neighborhood 1</h3>

<u>Data</u>

  • 55, 55, 60, 60, 70, 80, 80, 80, 90, 120

<u>Mean</u>

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<u>MAD</u>

  • (20*2+15*2+5+5*3+15+45)/10 = 15
<h3>Neighborhood 2</h3>

<u>Data</u>

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<u>Mean</u>

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<u>MAD</u>

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As we see the means are too different (75 vs 124) than MADs (15 vs 20.4).

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Gavin drank nine 8 ounce glasses of water today. How many quarts of water did he drink
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I think what you meant was

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From (5), the solution set of (1) is

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