The premium will cover 14,400 dollars over the course of 5 years.
If one is to choose among given choices and the order is not important, we use the concept of combination. First, we calculate for the sample space or number available since there is a total number of 12 electives and a student may choose 2 out of them.
S = 12C2
That is "the sample space is equal to combination of 12 taken 2". The answer to this is equal to 66.
Next, we determine the number of outcomes. The equation will be,
O = (5C1) x (3C1)
That is "outcome is equal to combination of 5 taken 1 times combination of 3 taken 1". This is equal to 15. The probability is equal to,
P = O/S
Substituting,
P = (15/66) = 0.227270
The answer to this item is the third choice.
If you borrowed $100, then your monthly payment is $2.44
If you borrowed $200, then your monthly payment is 2*2.44 = 4.88
etc etc
We can set up a proportion
2.44/100 = x/13300
to figure out the monthly payment x. Cross multiply and solve for x
2.44*13300 = 100*x
100x = 2.44*13300
100x = 32452
x = 32452/100
x = 324.52
So the monthly payment is $324.52
An alternative way to get this monthly payment is to apply 2.44% to 13300, which is another way to view the phrase "monthly payment per $100 is 2.44"
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There are 48 months in 4 years (start with 12 mon = 1 yr, then multiply both sides by 4) so we multiply 48 by the monthly payment to get the result 48*324.52 = 15,576.96. This is the total amount you have to pay back which is the principal plus interest.
Subtract off the principal (amount borrowed) to find the interest or finance charge: 15,576.96 - 13,300 = 2,276.96
Answer: Choice B
Answer:
Step-by-step explanation:
xy = 2y + xy = 0
Hence, 2y + xy = 0 ---------(1)
Differentiating equation (1) n times by Leibnitz theorem, gives:
2y(n) + xy(n) + ny(n - 1) = 0
Let x = 0: 2y(n) + ny(n - 1) = 0
2y(n) = -ny(n - 1)
∴ y(n) = -ny(n - 1)/2 for n ≥ 1
For n = 1: y = 0
For n = 2: y(1) = -y
For n = 3: -3y(2)/2
For n = 4: -2y(3)
