$13,000 is invested for 2 months at an annual simple interest rate of 6%. a) You will earn $ in interest (round to the nearest cent). b) The future value is (round to the nearest cent).

Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

Q: Suppose an amount ₱ 500.00 is invested for 2 years at 6% interest rate. How much is the earning of…

A:

Q: Tuition of $1830 will be due when the spring term begins in 6 months. What amount should a student…

A:

Q: Mr. John borrows money from a friend with simple interest of 12%, find the present worth of $25,000…

A: If the interest is simple, then the formula used is A=P(1+rt), where A is the final amount, P is the…

Q: mple mteiest was eanmed of deposit earned an interest rate of %.

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…

Q: Engr. Odon is paying a loan five thousand pesos 2% monthly for 3 years. If the payment is to start…

A: According to the question, the given data is: Monthly payment of loan=5000 pesos Rate(R)=2% Time for…

Q: The monthly payment is ​$    enter your response here. ​(Do not round until the final answer. Then…

A: Part 2: Explanation:Step 1: Calculate the monthly interest rate (r):Given annual interest rate (APR)…

Q: The price of a condominium is $146,000. The bank requires a 5% down payment and one point at the…

A:

Q: Determine the interest earned if $87000 is invested at 1.7% simple interest for 47 months.

A: .

Q: Jaml's Home Repair borrows $4,000, at 16.75% interest, for 330 days. Use the exact interest method…

A: Exact simple interest is a simple interest that uses exact number of days in a year which is 365…

Q: The amount of money in the account after 3 years is $ ​(Round to the nearest cent as​ needed.) The…

A: To determine the future balance of an investment subject to compound interest, we applied the…

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 9% interest. How…

A:

Q: Tuition of $2086 will be due when the spring term begins in 11 months. What amount should a student…

A:

Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

A:

Q: The monthly payment is ​$    enter your response here. ​(Round to the nearest cent as​ needed.)

A: Step 1: Identify the givenCost of the Car = $ 26,635Down payment = $ 5,000 (to be deducted from the…

Q: The simple interest owed for the use of the money is ​$ ​(Do not round until the final answer. Then…

A: The graphic indicates a $9000 principal amount, a 5% interest rate, and a one-year repayment period.…

Q: Determine the interest earned if $5000 is invested at 4.3% simple interest for 9 years.

A: We have direct formula for simple interest.

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.