Answer:
Interest rate, R = 244%
Step-by-step explanation:
Given the following data;
Principal = $270
Simple interest = future amount - principal = 309.60 - 270 = $39.60
Time = 22/360 = 0.06 years
To find the interest rate?
Mathematically, simple interest is calculated using this formula;
Where;
Substituting into the equation, we have;
Cross-multiplying, we have;
<em>Interest rate, R = 244.44 ≈ 244%</em>
<em>Therefore, the pawnbroker charged Elisa a simple interest rate of 244%.</em>
The sum of the numbers should total to 1. Let us say that
x is the missing number, therefore:
x + ¼ + ¼ + 1/5 = 1
x = 1 – ¼ - ¼ - 1/5
The numbers should have similar denominator:
x = 20/20 – 5/20 – 5/20 – 4/20
x = 6/20
<span>x = 3/10</span>
Answer:
Check pdf
Step-by-step explanation:
Answer:
0.1137= 11.37%
Step-by-step explanation:
Assuming there are 365 days in one year and every people have 1 birthday, then the chance for two people to have the same birthday is 1/365 and the chance they are not is 364/365. We are asked the chance for at least one match among 44 people. The opposite of the condition is that we have 0 matches and easier to calculate. The calculation will be:
P(X>=1)= ~P(X=0) = 1
P(X>=1)=- P(X=0)
P(X>=1)=1 - (364/365)^44
P(X>=1)=1- 0.8862
P(X>=1)=11.37%
