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Ainat [17]
2 years ago
14

Tulio Fernandez purchased a treadmill with an installment loan that has an APR of 12%. The treadmill sells for $1,672. The store

financing requires a 10% down payment and 12 monthly payments. What is the finance charge?
Mathematics
2 answers:
Misha Larkins [42]2 years ago
7 0

22 i think and i hope mostly

Leya [2.2K]2 years ago
6 0

Answer:

98.76

Step-by-step explanation:

You might be interested in
Eli invested $ 330 $330 in an account in the year 1999, and the value has been growing exponentially at a constant rate. The val
Cloud [144]

Answer:

The value of the account in the year 2009 will be $682.

Step-by-step explanation:

The acount's balance, in t years after 1999, can be modeled by the following equation.

A(t) = Pe^{rt}

In which A(t) is the amount after t years, P is the initial money deposited, and r is the rate of interest.

$330 in an account in the year 1999

This means that P = 330

$590 in the year 2007

2007 is 8 years after 1999, so P(8) = 590.

We use this to find r.

A(t) = Pe^{rt}

590 = 330e^{8r}

e^{8r} = \frac{590}{330}

e^{8r} = 1.79

Applying ln to both sides:

\ln{e^{8r}} = \ln{1.79}

8r = \ln{1.79}

r = \frac{\ln{1.79}}{8}

r = 0.0726

Determine the value of the account, to the nearest dollar, in the year 2009.

2009 is 10 years after 1999, so this is A(10).

A(t) = 330e^{0.0726t}

A(10) = 330e^{0.0726*10} = 682

The value of the account in the year 2009 will be $682.

4 0
2 years ago
A food distributor is being sued for racial discrimination because 12% of newly hired candidates are not white when 53% of all a
Musya8 [376]

Answer:

Check Explanation

Step-by-step explanation:

A) The null hypothesis would be that the proportion of newly hired candidates that are not white is not significantly different from the proportion of the applicants that are not white & there is no significant evidence that the company's hiring practices are discriminatory.

Mathematically,

H₀: μ₀ = 0.53

And the alternative hypothesis would be that there is a significant difference between the proportion of newly hired candidates that are not white is not significantly different from the proportion of the applicants that are not white. More specifically, that the proportion of newly hired candidates that are not white is significantly less than the proportion of applicants that are not white & there is significant evidence that the company's hiring practices are indeed discriminatory.

Mathematically,

Hₐ: μ₀ < 0.53

B) The two errors that can come up in this hypothesis testing include -

Type I error: We reject the null hypothesis because we obtain that the proportion of newly hired candidates that are not white is significantly less than the proportion of applicants that are not white and conclude that there is indeed significant evidence that the company's hiring practices are discriminatory when in reality, there is no significant difference and hence, no discrimination.

Type II error: We accept the null hypothesis (fail to reject the null hypothesis) because we obtained that there is no significant difference between the proportion of newly hired candidates that are not white & th proportion of applicants that are not white and conclude that there is no discrimination in the company's hiring practices when in reality, there is significant difference in the stated proportions above and significant evidence that there is indeed significant evidence that the company's hiring practices are discriminatory.

C) The power of the test increases as the significance level reduces. This is because t-statistic increases as significance level reduces.

D) The standard error of the mean used in computing the t-score is given as

σₓ = (σ/√n)

It is evident that as the value of n increases, the standard error reduces and this widens the effect of the test, hence, the power of the test increases.

Hope this Helps!!!

7 0
2 years ago
A softball pitcher throws a softball to a catcher behind home plate. The softball is 3 feet above the ground when it leaves the
Xelga [282]

The <em><u>correct answer</u></em> is:

h(t) = –16t² + 50t + 3

Explanation:

The general form of an equation such as this is h(t) = at² + v₀t + h₀, where a is the constant due to gravity, v₀ is the initial velocity and h₀ is the initial height.

We are given that the constant due to gravity is -16.

The initial velocity is 50, and the initial height is 3; this gives us the equation

h(t) = -16t² + 50t + 3

5 0
1 year ago
Read 2 more answers
What is 23.826 to three significant figures ​
LuckyWell [14K]
Answer: 23.8 to three s.f
4 0
1 year ago
Read 2 more answers
The diagram shows some land in the shape of a quadrilateral ABCD. AB = 6 km, AD = 5 km and CD = 12 km Angle BAC = 30 The land is
Goshia [24]

Answer:

£495 million

Step-by-step explanation:

To find out the total cost of the land, we need to first calculate the area of the land.

Step 1: Find area of right angled triangle ADC

AD = 5 km,

DC = 12 km

Area of the right triangle = ½*a*b

a = 5km

b = 12km

Area = ½*5*12

= 5*6

Area of ADC = 30 km²

Step 2: Find the area of triangle ABC

First, let's find the length of AC using Pythagorean theorem

AC² = AD² + DC²

AC² = 5² + 12² = 25 + 144

AC = √169

AC = 13km

Area of ∆ABC = ½*AB*AC*sin(30°)

= ½*6*13*0.5

= 3*13*0.5

Area of ∆ABC = 19.5 km²

Total area of the land = area of ∆ADC + ∆ABC = 30 + 19.5 = 49.5 km²

Step 3: calculate how much the land costs

If the land costs £10 million per km²,

Cost of 49.5 km² = 49.5 × 10 = £495 million

4 0
2 years ago
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