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scoray
9 days ago
6

If an eight-day single payment loan has a periodic interest rate of 11.1%, what is the approximate effective interest rate of th

e loan?
Mathematics
2 answers:
babunello [11.3K]9 days ago
4 0
Effective interest rate = Daily interest rate = Annual interest rate/number of days per year

Annual interest rate = 11.1%
Days in a year = 365

Thus,
Effective interest rate = 11.1/365 = 0.03%.
babunello [11.3K]9 days ago
4 0

12,081.6% for apex,.........,,.,.,.,.,.,

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What is the value of x in the equation 4 x plus 8 y equals 40, when y equals 0.8? 4.6 8.4 10 12What is the value of a in the equ
AnnZ [11994]

Answer:

1. 8.4 2. 15

Step-by-step explanation:

1. 4x + 8y = 40

when y = 0.8

4x + 8 × 0.8 = 40

4x = 40 - 8 × 0.8

4x = 40 - 6.4 = 33.6

....x = 33.6 / 4 = 8.4

2. 3a + b = 54

when b = 9

3a + 9 = 54

3a = 54 - 9

3a = 45

.....a = 45 / 3 = 15

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8 0
1 month ago
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when joe bowls he can get a strike 60% of the time, what is the probability jow will get at least 3 strikes out of 4 tries?
Leona [12193]
34.56%. This is a binomial probability that can efficiently be calculated using the following formula: Here, n signifies the total number of trials (in this case, 4), x denotes the number of "successes" (which is 3), p is the success probability (60% or 0.6), and q indicates the failure rate (1 - p, thus 0.4). Plugging these values into the formula yields the solution: in percentage form, the probability is found to be 34.56%.
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27 days ago
Calculating conditional probabilities - random permutations. About The letters (a, b, c, d, e, f, g) are put in a random order.
AnnZ [11994]

A="b is situated in the center"

B="c lies to the right of b"

C="The letters def occur sequentially in that arrangement"

a) b can occupy 7 positions; however, only one of these is the center. Therefore, P(A)=1/7

b) Let X=i; "b holds the i-th position"

Y=j; "c occupies the j-th position"

P(B)=\displaystyle\sum_{i=1}^{6}(P(X=i)\displaystyle\sum_{j=i+1}^{7}P(Y=j))=\displaystyle\sum_{i=1}^{6}\frac{1}{7}(\displaystyle\sum_{j=i+1}^{7}\frac{1}{6})=\frac{1}{42}\displaystyle\sum_{i=1}^{6}(\displaystyle\sum_{j=i+1}^{7}1)=\frac{6+5+4+3+2+1}{42}=\frac{1}{2}

P(B)=1/2

c) Let X=i; "d holds the i-th position"

Y=j; "e occupies the j-th position"

Let Z=k; "f is in the i-th position"

P(C)=\displaystyle\sum_{i=1}^{5}( P(X=i)P(Y=i+1)P(Z=i+2))=\displaystyle\sum_{i=1}^{5}(\frac{1}{7}\times\frac{1}{6}\times\frac{1}{5})=\frac{1}{210}\displaystyle\sum_{i=1}^{5}(1)=\frac{1}{42}

P(C)=1/42

P(A∩C)=2*(1/7*1/6*1/5*1/4)=1/420

P(B\cap C)=\displaystyle\sum_{i=1}^{3} P(X=i)P(Y=i+1)P(Z=i+2)\displaystyle\sum_{j=i+3}^{6}P(V=j)P(W=j+1)=\displaystyle\sum_{i=1}^{3}\frac{1}{6}\frac{1}{7}\frac{1}{5}(\displaystyle\sum_{j=1+3}^{6}\frac{1}{4}\frac{1}{3})=1/420

P(B∩A)=3*(1/7*1/6)=1/14

P(A|C)=P(A∩C)/P(C)=(1/420)/(1/42)=1/10

P(B|C)=P(B∩C)/P(C)=(1/420)/(1/42)=1/10

P(A|B)=P(B∩A)/P(B)=(1/14)/(1/2)=1/7

P(A∩B)=1/14

P(A)P(B)=(1/7)*(1/2)=1/14

Events A and B are independent

P(A∩C)=1/420

P(A)P(C)=(1/7)*(1/42)=1/294

Events A and C are not independent

P(B∩C)=1/420

P(B)P(C)=(1/2)*(1/42)=1/84

Events B and C are not independent

8 0
21 day ago
What is the main reason Dylan uses the word uses the word “lonesome” to describe Hattie Carroll’s death?
lawyer [12163]

The correct answer is B. No one stood up for her

The song primarily addresses the racism prevalent in our nation. Dylan highlights that the murderer was not penalized initially; he was released on the night of the homicide due to his wealth, and during the trial, he received only a six-month term instead of a meaningful punishment. Hattie Carroll was largely overlooked in this scenario.

8 0
1 month ago
Barrett works at an ice cream shop. The function f(x) represents the amount of money PLEASE HELP!!!!!!!!!!!!!
PIT_PIT [11965]

Response:

f(g(x))=6x^3+4, indicating the amount of earnings per working hours, designated as x

Detailed Explanation:

We have two distinct functions to analyze:

f(x)=2x^2 +4

This function delineates the earnings based on units of x

Then the second function is

g(x)=\sqrt{3x^3}

which illustrates the quantity of gallons of ice cream produced by Barrett each hour, with x representing the hours worked.

Our aim is to determine the composite function

f(g(x))

resulting from substituting the output of g(x) as input for f(x). Within this framework, the function f(g(x)) signifies the amount of money accrued per number of working hours, x.

By substituting g(x) into the x variable of f(x), we obtain:

f(g(x))=2(g(x))^2+4=2(\sqrt{3x^3})^2+4=2(3x^3)+4=6x^3+4

7 0
1 month ago
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