How much interest would you earn in 8 years if you deposited $500 into an account with a 3.1% annual simple interest rate? Group of answer choices $150.50 $15.50 $124 $167     Question 4 How many years did it take to earn $406.25 in interest given a principal of $650 and a simple interest rate of 2.5%? Group of answer choices 26 25 19 17

Q: Question 02 Microsoft lends $10,000,000 for small projects in rural areas of India. The loan has to…

A: Principal value = $10,000,000, Rate is 8.5% or 0.085, time is 20 years compounded annually, that is…

Q: Question 1 How much interest would you earn in one year if you deposited $8,500 into a savings…

A: As per guideline we have to solve

Q: Question 3 of 12 A distributor of batteries received complete payment of $8,550.50 for ten…

A: Amount of discount is = Marked Price – Selling Price.

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Q: Part 1: Mr. Smith invests $8000 at 6% compounded semiannually for 5 years into a savings account.…

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Q: I need Question 1,2 and 3 Joanna has $1,500 to put into one of two savings accounts. The first pays…

A: Given Information - Money that Joanna has to put into one of two savings accounts = $1,500  The…

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Q: earned $6,500 this summer and plans to invest her money for 10 years, and she has two options to…

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Q: QUESTION 7 Find the annual percentage yield (APY). A bank offers an APR of 4.7% compounded daily. O…

A: We have to use suitable geometric summation of interest formula.

Q: the lottery winner who is going to invest in utility bonds and a savings account using the following…

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Q: Question 5 You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off…

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Q: Question 5: You have decided you will spend $1600 on housing every month. Therefore, you will be…

A: Given data  You have decided you will spend $1600 on housing every month. Therefore, you will be…

Q: Year CPI 2009 214.5 2010 218.1 2011 224.9 2012 229.6 2013 233.0 2014 236.7 2015 237.0 2016 240.0 A…

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Q: Question 15 A car depreciates $1500 during the first year after it is bought. Each year thereafter,…

A: Introduction: Depreciation is defined as the systematic lowering of the reported cost of a fixed…

Q: Question 2 A man had 3 children Ama, Fiifi and Ebo, whom he gave an amount of 8000 to be shared…

A: Since you have posted a multi subparts question according to guildlines I will solve first three…

Q: For a sum of ₱8000.00 to double itself in 12 years and 9 months, what must be the rate of interest…

A: Let us considre the principal amount P  The amount obtained after t years and rate of interest r…

Q: interest

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Q: )  Eight thousand dollars has to be invested for 10 years.  For each option below, calculate  the…

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Q: You purchased 300 shares of a non-dividend paying stock at $50.00 per share using 50% margin at a…

A: You purchased 300 shares of a non-dividend paying stock at $50.00 per share using 50% margin at a…

Q: How many years did it take to earn $406.25 in interest given a principal of $650 and a simple…

A: Given : P = 650 R= 2.5 % = 2.5/100= 0.025 Simple interest ( SI) = 406.25

Q: Max will take out an easy access loan for $490. He would like to pay off the palance in three…

A: given  principle amount $490 we need to find the how much intearst he saves if he pays the balance…

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Q: QUESTION 3 Three years ago, Pete took out a loan of $55,000. The loan was taken out for 10 years…

A: Three years ago, Pete took a loan of $55,000. The loan was taken out for 10 years with an interest…

Q: Question 3 of 12 A distributor of batteries received complete payment of $8,550.50 for ten…

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Q: 5.How much money will she have after 15 years in the second account?     6.How many years until…

A: Jonna has pay into two accounts, Principal Amount, P=$1,500 1st Account, Simple interest: Rate of…

Q: 4. Complete the table below with the amounts you would have if you invested $3700 for at 8% interest…

A: Consider the given information.

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Q: Section 3.2 (31) During a prolonged recession, property values on Long Island depreciated by 2%…

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Q: Question 10 How much monthly interest would you pay on a car loan balance of $23,000 with an annual…

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Q: Bethany needs to borrow $12,000. She can borrow the money at 6.5% simple interest for 4 yr or she…

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Q: Question 3 At what nominal interest rate compounded quarterly will a certain amount of money be…

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Q: Bianca had a $2,200 simple interest CD that paid her $122.76 when it matured after 3 years.  What…

A: Given that :-Simple interest =  $122.76 Principal (initial value) =  $2,200 Time =3 years

Q: Shemp has inherited $50,000 from a recently deceased long-lost aunt. He invests his newfound money…

A: For continuously compounded interest A=Pert where, A= Amountr= rate of interestt=time in year

Q: Question 3 3 pts Last month, Kaitlin's average daily balance on her credit card was $1,268.52. The…

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Q: Suppose you have a $2,000 savings bond that pays 6% interest annually that matures in 10 years.  How…

A: Solution

Q: Suppose you deposit $75 every month for 21 (variable) years into an account with an APR of 6%…

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Q: Question 1 Suppose I have $5000 to invest, and I am able to invest it at an 8% rate compounded…

A: Topic = Algebra

Q: Question 4 Yusra has a term loan and after her 42nd payment she still owes $6,728.25.  The annual…

A: We will solve the problem

Q: D. Simple and Compound Interest: Problems 1. You invest $250 at 4% per annum at a bank that pays…

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Q: Question 5 How much total interest when the CD matures would you earn if you deposited $1,000 into a…

A: We have to find

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.