Answer:
15.14%
Step-by-step explanation:
The formula for APR is stated thus:
APR=fees+interest/principal/n*365*100
principal is the loan amount of $700
fees is the processing fees on the loan which is $50
interest amount=principal*interest %=$700*8%=$56
n is the number of days of the loan which is a year i.e 365 days
APR=($50+$56)/$700/365*365*100
APR=$106/$700/365*365*100
APR=0.151428571
/365*365*100
APR=0.151428571
*100=15.14%
The annual percentage rate on the loan is 15.14% which represents the actual cost on the loan not just the interest cost of 8% annually
Answer:
why the negitives
Step-by-step explanation:
in in secod grad
Answer:
x= -7
Step-by-step explanation:
312.5/x=100/12.8
<span>(312.5/x)*x=(100/12.8)*x </span>
<span>312.5=7.8125*x </span>
<span>312.5/7.8125=x </span>
<span>40=x </span>
<span>x=40</span>
Answer:
D is a binomial random variable with 
Step-by-step explanation:
For each customer, there are only two possible outcomes. Either they have dogs, or they do not. The probability of a customer having a dog is independent of any other customer. This means that D is a binomial random variable.
Binomial probability distribution
Probability of exactly x successes on n repeated trials, with p probability.
65% of the customers have dogs:
This means that 
15 customers:
This means that 
What type of variable is D?
D is a binomial random variable with
