Answer:
$1950
Step-by-step explanation:
Simple interest amount payable is given by
A=P(1+rt) where p is principal amount, A is final amount paid, t is time and r is rate of interest. For the first case
A=15000(1+0.03*4)=$16800
For second case
A=15000(1+0.05*5)=$18750
Difference will be 18750-16800=$1950
ANSWER: $36.25
Explanation: First find the rate. Divide $94.25 by 13 (hours) to get the rate. Now you know that Max earns $7.25 each hour he works. Multiply his hourly rate by 5 (hours) to get how much Max earns in five hours.
9105-4031= 5074
Step-by-step explanation:
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Answer:
0.0433
Step-by-step explanation:
Since we have a fixed number of trials (N = 25) and the probability of getting heads is always p = 0.05, we are going to treat this as a binomial distribution.
Using a binomial probability calculator, we find that the probability of obtaining heads from 8 to 17 times is 0.9567 given that the con is fair. The probability of obtaining any other value given that the coin is fair is going to be:
1 - 0.9567 = 0.0433
Since we are going to conclude that the coin is baised if either x<8 or x>17, the probability of judging the coin to be baised when it is actually fair is 4.33%
