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Rasek [7]
3 years ago
12

If you borrow $5000 at an interest rate of 8% for 9 years how much interest will you pay? (I got $3600 but I don't know if its r

ight)
Mathematics
1 answer:
natta225 [31]3 years ago
5 0

Step-by-step explanation:

Principal:- $5000

Rate= 8%

Time = 9 years

Interest = P×R×T/100

= 500×8×9/100

= 5×8×9

= 40×9

= 360

Hence, Interest = $360.

if it helps don't forget to like and mark me

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The number of hours that a nine month old baby sleeps at night are normally distributed with a population standard deviation of
finlep [7]

Answer:

The margin of error for a confidence interval for the population mean with a 90% confidence level is 0.53 hours.

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We have that to find our \alpha level, that is the subtraction of 1 by the confidence interval divided by 2. So:

\alpha = \frac{1-0.9}{2} = 0.05

Now, we have to find z in the Ztable as such z has a pvalue of 1-\alpha.

So it is z with a pvalue of 1-0.05 = 0.95, so z = 1.645

Now, find the margin of error M as such

M = z*\frac{\sigma}{\sqrt{n}}

In which \sigma is the standard deviation of the population and n is the size of the sample.

In this quesstion:

\sigma = 1.5, n = 22

So

M = 1.645*\frac{1.5}{\sqrt{22}} = 0.53

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