Stephen Simmons received a single payment loan for a loan for $6,200. he agreed to repay the loan and 160 days at an interest rate of 10% ordinary interest. What is the maturity value of his loan when he pays it back in 160 days. 

Answers

Answer 1

9514 1404 393

Answer:

  $6475.56

Step-by-step explanation:

The maturity value is ...

  A = P(1 +rt)

where P is the principal amount, r is the annual rate, and t is the number of years. For ordinary interest, a year is 360 days, so the number of years is 160/360 = 4/9.

The loan value is ...

  A = $6200(1 + 0.10×4/9) ≈ $6475.56

Stephen's loan has a maturity value of $6,475.56.


Related Questions

Fire Warden Armband
$7.50 each
$6.50 each
First Aid Armband
$7.00 each
$6.00 each
Which of the following items showed the greatest percentage discount in price for
buying in bulk?
Jackets
Trousers
Rucksacks
Belts
Fire Warden Caps
Submit
© Copyright IBM Corp. 2012, 2021

Answers

It is Fire warden caps.

A certain financial services company uses surveys of adults age 18 and older to determine if personal financial fitness is changing over time. Suppose that in February 2012, a sample of 1,000 adults showed 410 indicating that their financial security was more than fair. In February 2010, a sample of 1,100 adults showed 385 indicating that their financial security was more than fair.

Required:
a. State the hypothesis that can be used to test for a significant difference between the population proportions for the two years?
b. What is the sample proportion indicating that their financial security was more that fair in 2012?In 2010?
c. Conduct the hypothesis test and compute the p-value.At a .05 level of significance what is your conclusion?
d. What is the 95% confidence interval estimate of the difference between the two population proportion?

Answers

Answer:

The calculated z = 2.85 falls in the critical region z > 1.96 so we accept the null hypothesis that there is no difference between the population proportions for the two years.

Step-by-step explanation:

Let p1 be the sample of 1000 adults chosen in 2012 and

p2 be the sample of 1100 adults chosen in 2010

Part a:

The hypothesis that can be used to test for a significant difference between the population proportions for the two years is:

H0: p1-p2= 0           against the claim      Ha: p1-p2≠0

Part b:

The sample proportion indicating that their financial security was more that fair in 2012 is

p1^= 410/1000= 0.41

In 2010 is:

p2^= 385/1100= 0.35

Part c:

p^c= 410+385/1000+1100= 0.3785

q^c= 1-p^c= 1-0.3785= 0.6124

The critical region is z > ±1.96

The test statistic is

z= p1^- p2^ / sqrt ( p^cq^c( 1/n1+ 1/n2)

z= 0.41-0.35 /sqrt( 0.3785*0.6124(1/1000 +1/1100)

z=  0.06 / 0.021036

z= 2.85

Conclusion

The calculated z = 2.85 falls in the critical region z > 1.96 so we accept the null hypothesis that there is no difference between the population proportions for the two years.

P- value :  0.00466

The result is significant( accept the null hypothesis) for  value less than 0.05

Part d:

                                                     2012                         2010

Sample                                       1000                           1100

Proportions                               0.41                             0.35

Standard Error               √0.41( 0.59)/1000        √0.35( 0.65)/1100

                                               = 0.0155                0.01438

Standard Error for the difference = √0.0155² + 0.01438² =0.0211

p1-p2 ± z* standard error for the difference

0.41-0.35 ± 1.96 *( 0.0211)

0.06 ± 0.041356

-0.018644,   0.101356

The 95 % confidence interval estimate is (-0.018644,   0.10135

Choose the symbol that goes in the blank to make the statement true.
96,000 _ 128,000 = < >

Answers

Answer:

<

Step-by-step explanation:

hhahaha

Enter
31/100 as a money amount and as a decimal in terms of dollars.

Answers

Answer:

It would be .31 cents, I believe

Step-by-step explanation:

Just divide 31 by 100 and you'll get your answer.

:)

Liam had63 markers, Alex has 49 markers, and Oliva has 77 markers use the GCF and

Answers

Answer:

and.....? look im only answering for the points m'lady. all i know is that olivia has, alex has, and liam HAD.

Step-by-step explanation:

Answer:

Step-by-step explanation:

63 = 3 * 3 * 7

49 = 7 * 7

77 = 7 * 11

So the GCF = 7.

LCM = 7 * 7 * 3 * 3 * 11 = 4851.

What is 730 divided by 30

Answers

Answer:

24 1/3

Step-by-step explanation:

long division

The mass of carbon is 1.995 x 10^-23 grams per atom and the mass of hydrogen is
1.674 X 10^-24 grams per atom. Which is larger?

Answers

Answer:

Carbon

Step-by-step explanation:

When the power of 10 is negative, the less the exponent the bigger the number

Answer:

Step-by-step explanation:

the larger number is 1.995x10^-23

A group of football is formed a circle in the middle of the field to stretch out. The circle had a diameter of 30 yards. which measurement is close to the circumference of the circle in yards?

Answers

Answer: Solution

A=πr2=π·302≈2827.43339

Step-by-step explanation:

Someone plz help been stuck on this question for the last 2 hours



Paul has $30,000 to invest. His intent is to earn 11% interest on his investment. He can invest part of his money at 7% interest and part at 13% interest. How much does Paul need to invest in each option to make a total 11% return on his $30,000?
7% interest =$?

13% interest =$?

Answers

Answer:

7% interest = $10000

13% interest = $20000

Step-by-step explanation:

Let the amount invested at 7% interest be x.

Let the amount invested at 13% interest be y.

Thus;

x + y = 30000 - - - (eq 1)

We want to find out how much Paul needs to invest in each option to make a total 11% return on his $30,000.

Thus;

0.07x + 0.13y = 0.11(30000)

Multiply through by 100 to get rid of the decimal;

7x + 13y = 0.11(30000 × 100).

7x + 13y = 330000 - - - (eq 2)

From eq 1, x = 30000 - y

Put this for x in eq 2 to get;

7(30000 - y) + 13y = 330000

210000 - 7y + 13y = 330000

6y = 330000 - 210000

6y = 120000

y = 120000/6

y = $20000

x = 30000 - 20000

x = $10000

Thus;

Amount invested at;

7% interest = $10000

13% interest = $20000

Question #4
The radius of a circle is 12 inches.
Enter the circumference of the circle, in inches. Round your answer
to the nearest hundredth.

Answers

Answer:

80.11 inches

Step-by-step explanation:

The formula to finding the circumference of a circle is:

C = 2πr (C = circumference, π = pi, r = radius)

Replace r with the radius:

C = 2π(12.75)

Now, multiply 2 times pi, then multiply that by 12.75, and the answer rounded

to the nearest hundredth is 80.11

At a football stadium, 4% of the fans in attendance were teenagers. If there were 260 teenagers at the football stadium, what was the total number of people at the stadium?

Answers

Answer:

solution

4%=260

100%=?

=(100x260)/4

=6500

Percentage of fans in the stadium who were teenagers = 4%

Number of teenagers in the match = 260

Let the total number of people at the stadium be x.

Which means :

[tex] =\tt 4\% \: \: of \: \: x = 260[/tex]

[tex] =\tt \frac{4}{100} \times x = 260[/tex]

[tex] =\tt \frac{4 \times x}{100} = 260 [/tex]

[tex] = \tt \frac{4x}{100} = 260[/tex]

[tex] = \tt4x = 260 \times 100 \\ \tt \: \: \: = 26000[/tex]

[tex] =\tt x = \frac{26000}{4} [/tex]

[tex]\color{plum} =\tt x = 6500[/tex]

▪︎Therefore, number of people at the stadium = 6500

The local news is conducting a poll of the residents' opinions regarding a new traffic law that is being proposed. At the end of a news segment, viewers had the opportunity to dial in or use social media to choose whether they agree or disagree with the law. A large sample size was represented, and this poll was repeated again one week later with similar results. When working with this data, what best applies?

Answers

Options :

a. The surveys are biased because people chose to respond or not.

b. Because of the large sample size, the results are most accurate of all members of the community.

c. The same sampling methods were used for both polls, demonstrating reliability.

Answer:

a. The surveys are biased because people chose to respond or not

Step-by-step explanation:

When surveys incorporates a large number of people of a whole population, coupled with the fact that subjects of the survey or research are not compelled to make a choice or air their opinion. In the scenario above, opinion about the new policy is to be expressed by a large audience whereby there is a high tendency that some will no interest in the news nor its content. Leaving only those audience who are more interested and likely the most affected by the policy to respond. This way there will be no distinction between those who disagree and those who fail to respond. It would be more advisable to employ a sample audience who are interested and woykd give a verdict on the policy.

1. Evaluate the expression when b = 24.3
10 + b

HELP!!! I have no clue!!! Please help

Answers

evaluated expression is 34.3

Alex has 100. He spends 3/10of it on candies. He spends one-seventh of what's left on colour pencils. How
much money is Alex left with?​

Answers

Answer:

$60

Step-by-step explanation:

3 tenths of 100 is 30

1 * 10 is 10

100 - 30 + 10

= 100 - 40

= $60

precalc! 50 points! please someone help me i’ll do anything for you

Answers

Step-by-step explanation:

3. We know the x value which is -5 and the y value which is 1. We need to find the hypotenuse which we refer to the r. We use the pythagorean theorem for that

[tex] {x}^{2} + {y}^{2} = {r}^{2} [/tex]

[tex] { - 5}^{2} + {1}^{2} = r {}^{2} [/tex]

[tex]25 + 1 = r {}^{2} [/tex]

[tex]26 = r {}^{2} [/tex]

[tex]r = \sqrt{26} [/tex]

Now let find the sin, csc, and tan.

To find sin let use the formula

[tex] \frac{y}{r} [/tex]

[tex] \frac{1}{ \sqrt{26} } [/tex]

Rationalize the denominator

[tex] \frac{1}{ \sqrt{26} } \times \frac{ \sqrt{26} }{ \sqrt{26} } = \frac{ \sqrt{26} }{26} [/tex]

[tex] \sin = \frac{ \sqrt{26} }{26} [/tex]

To find cosecant, it is the reciprocal of sin so it would be

[tex] \csc = \frac{26}{ \sqrt{26} } \times \frac{ \sqrt{26} }{ \sqrt{26} } = \sqrt{26} [/tex]

To find tan, do

[tex] \frac{y}{x} [/tex]

Which is simply

[tex] \tan= \frac{1}{ - 5} [/tex]

4. Kennedi is correct since in the 2nd quadrant

The x value is negative, and the y value is positive.

Since sin is referred in trig as the y value, sin must be positive.

S 4xy
when x = 2, y = 5

Answers

Answer: 40

Step-by-step explanation:

Plug in the known values:

4(2)(5) = 8(5) = 40

Answer:

its 40 hope this helps you

Step-by-step explanation:

have a nice day/night

In a store the number of dogs is 12 times greater than 3 times of cats. If there are 21 dogs in the store, how many cats are in the store?

Answers

Answer:

If you really meant that the number of dogs is 12 greater than 3 times the number of cats then:

3 cats

Step-by-step explanation:

21= number of dogs

c = number of cats

21 = 12 + (3c)

3c = 9

c = 3

classify the number -4_6/7 in as many ways as you can

Answers

-34/7 is the exact form -4.857142 repeating

15 PTS NEED ASAP HELP !!!

Answers

Answer:

use photo math it helps.......

Answer:

-1

Step-by-step explanation:

Let's simplify this equation one at a time using the order of operations:

|2 - 5| - (12÷4 - 1)^2

3 - (3 - 1)^2

3 - 2^2

3 - 4 = -1

Hope this helps!!

While rolling, a wheel with a diameter of 13/2m makes 196 revolutions. Find the distance that is traveled by the wheel. Use for 22/7 for pi​

Answers

Answer:

9.6 m

Step-by-step explanation:

let 'x' be distance traveled

196 = 3.14(6.5)x

196 = 20.41x

x = 196/20.41

x = 9.6

15. If R is the midpoint of OS, OR = &r - 51 and RS = 3x - 6, find QS.
Only answer if right I need help

Answers

Give me a sec please

A cliff Diver jumps from 50 feet into a lake. After hitting the water he travelled 22 feet below the surface. How far did he travel?

Answers

Add both distances together:

50 + 22 = 72 feet total distance.

Plz help! I don’t know how to do these!

Answers

Step-by-step explanation: x = 120 x= 65x= 24

4. x= 40

plz mark my answer as brainlist plzzzz.

hope this will be helpful to you .

☺️

At 1:00 a.m., the temperature is 58º. At 9:00 a.m., the temperature is 76º. Find the rate of change in degrees per hour during this time.​

Answers

Answer:

1 AM = 58 Degrees

9 AM = 76 Degrees

Difference of temperate between the times:

18 Degrees

Divide every hour that passes by the total difference of temperate, which the hours are: 2, 3, 4, 5, 6, 7, 8, 9

18 / 8 = 2.25

Which means, the rate of change in degrees per hour is 2.25 degrees.

Step-by-step explanation:

Which statement is not true? Help ASAP! Thanks!!

Answers

Answer:

4 option...... .......

4 because it’s 4 lol so yea

solve 3e = -27 show work
this one i dont understand how to do​

Answers

Answer:

-9

Step-by-step explanation:

This would be -27/3 = -9

A piece of fabric is 2 yards long. The fabric is cut into 24 pieces of equal length.

How long is each piece?

2 inches
3 inches
4 inches
6 inches

Answers

Answer:

3 inches

Step-by-step explanation:

Answer:

3 in

Step-by-step explanation:

When 2 times a number is increased by 9, the answer is the same as
when 30 is decreased by the number. Find the number. HELP ME

Answers

Answer:

its 7

Step-by-step explanation:

why did u delete my answer if its right?

forty percent of N is equal to two hundred forty. how do i write in number?​

Answers

40% of 600 is 240 :)

The number N whose forty percent is 240 is 600, or we say that 40% of 600 is 240

How to find the percentage from the total value?

Suppose the value of which a thing is expressed in percentage is "a'

Suppose the percent that considered thing is of "a" is b%

Then since percent shows per 100 (since cent means 100), thus we will first divide the whole part in 100 parts and then we multiply it with b so that we collect b items per 100 items(that is exactly what b per cent means).

Thus, that thing in number is

[tex]\dfrac{a}{100} \times b[/tex]

For this case, we are specified that:

40% of N = 240

Since 40% of N is [tex]\dfrac{N}{100} \times 40[/tex], thus, we get

[tex]\dfrac{N}{100} \times 40 = 240[/tex] (as they both are same quantity, ie. 40% of N)

Now, solving it further to get value of N:

[tex]\dfrac{N}{100} \times 40 = 240\\\\\text{Multiplying 100 on both the sides}\\\\N \times 40 = 24000\\\\\text{Dividing both the sides by 40}\\\\N = 24000/40 = 600[/tex]

Thus,  40% of 600 is 240 or we say that the number N whose forty percent is 240 is 600

Learn more about percent here:

https://brainly.com/question/11549320

What number is missing from this factor tree for the prime factorization of 328?

A. 39
B. 41
C. 42
D. 82

Answers

answer B. 41

328
/ \
2 164
/ \
2 82
/ \
2 41

Answer: Your Answer Is A) 41

Step-by-step explanation:

             328

              ^

          2 x 164

              ^

          2 x 82

              ^

          2 x 41
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