Find the amount of simple interest on a loan of $3,500 at 9 1/2% interest for 14 years.

Q: What would the monthly payment be on a purchase of $10,000 car at a 5.9% fixed annual interest rate…

A: Formula for the ordinary annuity is  FV=R1+in-1i where R is the regular deposit, i is the periodic…

Q: Find the amount borrowed if $800 is due at the end of 7 months when an annual simple interest rate…

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Q: Suppose you see a car with a car with an advertised price of $14,500 at $410.83 per month for 4…

A: Given, Advertised price $14,500 at $410.83 per month for 4 years.

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the  amount of…

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Q: A contractor has $650 worth of electrical material on the shelf in stock for 3 consecutive years. If…

A: Where A is the amount after time t P is the initial investment R is the rate of interest t is the…

Q: Find the monthly simple interest payment for a credit card with a balance of $1200 and a yearly…

A: Given that the outstanding balance of the credit card is $1200. The annual interest rate is 27% =…

Q: 8. What is the yearly simple interest rate that Ken earns, if after only three months he earned…

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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.