I really need help with this is for a test. Question number four
1 answer:
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Answer:
The residual value is -0.75
Step-by-step explanation:
we know that
The residual value is the observed value minus the predicted value.
RESIDUAL VALUE=[OBSERVED VALUE-PREDICTED VALUE]
where
Predicted value.--> the predicted value given the current regression equation
Observed value. --> The observed value for the dependent variable.
in this problem
we have the point (1,4)
so
The observed value is 4
<em>Find the predicted value for x=1 </em>
predicted value is 4.75
so
RESIDUAL VALUE=(4-4.75)=-0.75
Given:
Principal = Rs. 6000
Rate of simple interest = 6% per annum.
Time = 4 years
To find:
The simple interest and amount.
Solution:
Formula for simple interest:
Where, P is principal, r is the rate of interest and t is the number of years.
Putting P=6000, r=6 and t=4, we get
Now,
Therefore, the simple interest is Rs. 7440 and the amount is Rs 7440.