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kompoz [17]
2 years ago
7

Megan took out a loan of $85,600 at an interest rate of 11.5%, compounded monthly. She paid off the loan in full over the course

of exactly twelve years. Assuming that Megan made the same payment every month for twelve years, what was her monthly payment? a. $1,125.03 b. $629.52 c. $1,098.52 d. $820.33
Mathematics
2 answers:
Irina18 [472]2 years ago
7 0

Principal (p) = $85600

Rate (r) = 11.5%

Time = 12 years

Interval = monthly = 12 months

Compound interest (A) = P * (1 + r/n)^nt

A = 85600 * [ 1 + (0.115 / 12)] ^ 12 * 12

A = 85600 * [1 + 0.009583]^144

A = 85600 * [1.009583]¹⁴⁴

A = 85600 * 3.95

A = $338120

She's supposed to pay $338120 compounded into (12months * 12 years) = 144 months

Every month she pays 338120 / 144 = $2348.05.

Every month she pays $2358.05

Gennadij [26K]2 years ago
5 0
The answer is C <span>$1,098.52...because I got it right

</span>
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Jude says that the volume of a square pyramid with base edges of 7 in and a height of 7 in is equal to the volume of a cylinder
irakobra [83]

Answer:

Jude is not correct

Step-by-step explanation:

The volume of a square pyramid is given as:

V = a^2\frac{h}{3}

where a = base edge and h = height

Hence, the volume of the square pyramid with base edge of 7 in and height  of 7 in is:

V = 7^2*\frac{7}{3}

V = 114.3 in^3 ≅ 114 in^3

The volume of a cylinder is given as:

V = \pi r^2h

where r = radius and h = height

Hence, the volume of a cylinder with radius of 7 in and height of 7 in is:

V = \pi *7^2*7

V = 1077.57 in^3 ≅ 1078 in^3

Since their volumes are not equal, Jude is not correct.

8 0
2 years ago
A supermarket has two customers waiting to pay for their purchases at counter I and one customer waiting to pay at counter II. L
Pachacha [2.7K]

Answer:

b. 0.864

Step-by-step explanation:

Let's start defining the random variables.

Y1 : ''Number of customers who spend more than $50 on groceries at counter 1''

Y2 : ''Number of customers who spend more than $50 on groceries at counter 2''

If X is a binomial random variable, the probability function for X is :

P(X=x)=(nCx)p^{x}(1-p)^{n-x}

Where P(X=x) is the probability of the random variable X to assume the value x

nCx is the combinatorial number define as :

nCx=\frac{n!}{x!(n-x)!}

n is the number of independent Bernoulli experiments taking place

And p is the success probability.

In counter I :

Y1 ~ Bi (n,p)

Y1 ~ Bi(2,0.2)

P(Y1=y1)=(2Cy1)(0.2)^{y1}(0.8)^{2-y1}

With y1 ∈ {0,1,2}

And P( Y1 = y1 ) = 0 with y1 ∉ {0,1,2}

In counter II :

Y2 ~ Bi (n,p)

Y2 ~ Bi (1,0.3)

P(Y2=y2)=(1Cy2)(0.3)^{y2}(0.7)^{1-y2}

With y2 ∈ {0,1}

And P( Y2 = y2 ) = 0 with y2 ∉ {0,1}

(1Cy2) with y2 = 0 and y2 = 1 is equal to 1 so the probability function for Y2 is :

P(Y2=y2)=(0.3)^{y2}(0.7)^{1-y2}

Y1 and Y2 are independent so the joint probability distribution is the product of the Y1 probability function and the Y2 probability function.

P(Y1=y1,Y2=y2)=P(Y1=y1).P(Y2=y2)

P(Y1=y1,Y2=y2)=(2Cy1)(0.2)^{y1}(0.8)^{2-y1}(0.3)^{y2}(0.7)^{1-y2}

With y1 ∈ {0,1,2} and y2 ∈ {0,1}

P( Y1 = y1 , Y2 = y2) = 0 when y1 ∉ {0,1,2} or y2 ∉ {0,1}

b. Not more than one of three customers will spend more than $50 can mathematically be expressed as :

Y1 + Y2 \leq 1

Y1 + Y2\leq 1 when Y1 = 0 and Y2 = 0 , when Y1 = 1 and Y2 = 0 and finally when Y1 = 0 and Y2 = 1

To calculate P(Y1+Y2\leq 1) we must sume all the probabilities that satisfy the equation :

P(Y1+Y2\leq 1)=P(Y1=0,Y2=0)+P(Y1=1,Y2=0)+P(Y1=0,Y2=1)

P(Y1=0,Y2=0)=(2C0)(0.2)^{0}(0.8)^{2-0}(0.3)^{0}(0.7)^{1-0}=(0.8)^{2}(0.7)=0.448

P(Y1=1,Y2=0)=(2C1)(0.2)^{1}(0.8)^{2-1}(0.3)^{0}(0.7)^{1-0}=2(0.2)(0.8)(0.7)=0.224

P(Y1=0,Y2=1)=(2C0)(0.2)^{0}(0.8)^{2-0}(0.3)^{1}(0.7)^{1-1}=(0.8)^{2}(0.3)=0.192

P(Y1+Y2\leq 1)=0.448+0.224+0.192=0.864\\P(Y1+Y2\leq 1)=0.864

7 0
2 years ago
3 x 1/6 in simplest form
Travka [436]
Im not sure but i thing its 0.5 or 1/2
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2 years ago
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dybincka [34]
Y = 6 times -4
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2 years ago
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Veronika [31]

Answer:

(13/10)H

got it on khan academy brainliest pls thx uwu

Remember that 30% in fraction form is 33/100

The amount of health points (H) restored would depend on the amount of the current H so it means it would add 30% of the current which we can write as:

(30/100)H

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(100/100)H

So our equation would be

=(30/100)H + (100/100)H

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