Description
1) A new bank offered simple interest loans at 11% for new customers. If a customers took out a loan for $2000 to be paid back in 18 month ( 18/12 = 3/2 years) find.
a) the interest on the loan
b) the total amount that the customer owes (principal + in
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Principal amount = $2,000
Interest rate = 11% per year
Time period = 18 months or 3/2 years
Interest on loan = $2,000 * 11/100 * 3/2
= $330
Total amount that customer will pay to bank after 18 months = $2,000 + $330
= $2,330
Completion Status:
100%
Review
Review
Anonymous
Super useful! Studypool never disappoints.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
West Coast University Week 5 Domain of Rational Function Discussion
Complete your Week 5 discussion prompt:
Teach your classmates the process to find the domain of rational function. I ...
West Coast University Week 5 Domain of Rational Function Discussion
Complete your Week 5 discussion prompt:
Teach your classmates the process to find the domain of rational function. Illustrate the concept with two examples, one of which requires factoring. Please include both set notation and interval notation as part of your teaching. Remember that teaching requires detailed explanation, as well as the actual math notation.
A description of what the each of the variables measure.
A description of what the each of the variables measure. A description of the unit of analysis. A description and explana ...
A description of what the each of the variables measure.
A description of what the each of the variables measure. A description of the unit of analysis. A description and explanation of the levels of measurement for each variable (i.e., nominal, ordinal, interval, ratio). How to conceive these variables to be used to answer a social change question. What might be the implications for social change?
3 pages
Is knowledge in mathematics and other Areas of Knowledge dependent on culture
At first sight, the answer to this question may seem obvious: a casual reader might glance at it and give it a confident " ...
Is knowledge in mathematics and other Areas of Knowledge dependent on culture
At first sight, the answer to this question may seem obvious: a casual reader might glance at it and give it a confident "no". Even though this is the position that I take, I do believe that there are many more things to consider when attempting to answer this question.
Job Satisfaction Dummy Database & Statistical Error Excel Sheet Exercise
The Vice President of HR is tasked with overseeing the hiring of all new staff. She has noticed a disturbing trend recentl ...
Job Satisfaction Dummy Database & Statistical Error Excel Sheet Exercise
The Vice President of HR is tasked with overseeing the hiring of all new staff. She has noticed a disturbing trend recently. Employees who are younger and have only worked for a few companies are less satisfied with their work. She thinks this could be because they fear they are missing out on other opportunities.However, she wants to know if there is data to support this. Therefore, she needs to know if there is a difference in job satisfaction between employees who have worked for more than 4 companies and employees who have worked for 4 or less companies. Use the dummy database to answer the following questions:1. What is the mean job satisfaction for employees who have worked for more than 4 companies?2. What is the mean job satisfaction for employees than have worked for 4 or less companies?3. What is the t-statistic for the difference of those means?4. What is the p-value for that t-statistic a. <.05 and >.01 b. <.001 c. <.01 and >.001 d. >.055. Is the difference in job satisfaction between employees who have worked for more than 4 companies and employees who have worked for 4 or less companies significant? a. no b. Yes, the p-value <.01 c.Yes, the p-value <.05 d. Yes, the p-value <.001
86 pages
maths solution
This document will assist both the teachers and students to understand and pass in maths purchase one for your benefit
...
maths solution
This document will assist both the teachers and students to understand and pass in maths purchase one for your benefit
it gives all the explanation in maths solved examples
MDC Statistics Standard Deviation & Central Limit Theorem Problems Help
1-In one sentence, please write what you understand by the term standard deviation.2-Imagine yourself at a fair playing on ...
MDC Statistics Standard Deviation & Central Limit Theorem Problems Help
1-In one sentence, please write what you understand by the term standard deviation.2-Imagine yourself at a fair playing one of the midway games. Pick a game and calculate the expected value and post your results along with how you calculated them. For example, you may decide to throw a basketball to try to win a $10 bear. You paid $2.00 for three shots. What is the expected value? (Please do not use this example in your answer)3-In one sentence, summarize what you understand of the Central Limit Theorem.4-collect a sample of books consisting of the ages of book (based on copyright dates). Plan and describe the sampling procedure, then use the results to construct a confidence interval estimate of the mean age of all books in the library. Please, post and share your results with the class.
Similar Content
Math Help: Solve algebra function
Jake's BBQ sells its sauce for $10.75, including 8.5% tax. To the nearest penny, what is the cost of the sauce before tax?...
A web music store offers two versions of a popular song.the size of the standard version is 2.2 MB.
jjjj...
STAT 2550 Memorial University Binomial Distribution & Standard Deviations Paper
I would like some help on a stats assignment. The questions are attached below. Please show full workings....
I want to see if my answer about blood volume is right
Total blood volume in ml per body weight in kg is important in medical research.for healthy adults. The red blood cell vol...
Simplify the expression, algebra homework help
Simplify the expression.A. x^3B. x^2C. xD. 1...
help please with these two questions!
...
Unit 2 Challenge 2
...
Cafedata
The following represents the frequency table , Bar chart and modes of the Drinks ( Juices, Sodas and Coffees ) for all Mon...
Trig Problems Finished
1) This problem is simply testing our knowledge on the basic facts of the secant function. The correct graph of the secant...
Related Tags
Book Guides
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
West Coast University Week 5 Domain of Rational Function Discussion
Complete your Week 5 discussion prompt:
Teach your classmates the process to find the domain of rational function. I ...
West Coast University Week 5 Domain of Rational Function Discussion
Complete your Week 5 discussion prompt:
Teach your classmates the process to find the domain of rational function. Illustrate the concept with two examples, one of which requires factoring. Please include both set notation and interval notation as part of your teaching. Remember that teaching requires detailed explanation, as well as the actual math notation.
A description of what the each of the variables measure.
A description of what the each of the variables measure. A description of the unit of analysis. A description and explana ...
A description of what the each of the variables measure.
A description of what the each of the variables measure. A description of the unit of analysis. A description and explanation of the levels of measurement for each variable (i.e., nominal, ordinal, interval, ratio). How to conceive these variables to be used to answer a social change question. What might be the implications for social change?
3 pages
Is knowledge in mathematics and other Areas of Knowledge dependent on culture
At first sight, the answer to this question may seem obvious: a casual reader might glance at it and give it a confident " ...
Is knowledge in mathematics and other Areas of Knowledge dependent on culture
At first sight, the answer to this question may seem obvious: a casual reader might glance at it and give it a confident "no". Even though this is the position that I take, I do believe that there are many more things to consider when attempting to answer this question.
Job Satisfaction Dummy Database & Statistical Error Excel Sheet Exercise
The Vice President of HR is tasked with overseeing the hiring of all new staff. She has noticed a disturbing trend recentl ...
Job Satisfaction Dummy Database & Statistical Error Excel Sheet Exercise
The Vice President of HR is tasked with overseeing the hiring of all new staff. She has noticed a disturbing trend recently. Employees who are younger and have only worked for a few companies are less satisfied with their work. She thinks this could be because they fear they are missing out on other opportunities.However, she wants to know if there is data to support this. Therefore, she needs to know if there is a difference in job satisfaction between employees who have worked for more than 4 companies and employees who have worked for 4 or less companies. Use the dummy database to answer the following questions:1. What is the mean job satisfaction for employees who have worked for more than 4 companies?2. What is the mean job satisfaction for employees than have worked for 4 or less companies?3. What is the t-statistic for the difference of those means?4. What is the p-value for that t-statistic a. <.05 and >.01 b. <.001 c. <.01 and >.001 d. >.055. Is the difference in job satisfaction between employees who have worked for more than 4 companies and employees who have worked for 4 or less companies significant? a. no b. Yes, the p-value <.01 c.Yes, the p-value <.05 d. Yes, the p-value <.001
86 pages
maths solution
This document will assist both the teachers and students to understand and pass in maths purchase one for your benefit
...
maths solution
This document will assist both the teachers and students to understand and pass in maths purchase one for your benefit
it gives all the explanation in maths solved examples
MDC Statistics Standard Deviation & Central Limit Theorem Problems Help
1-In one sentence, please write what you understand by the term standard deviation.2-Imagine yourself at a fair playing on ...
MDC Statistics Standard Deviation & Central Limit Theorem Problems Help
1-In one sentence, please write what you understand by the term standard deviation.2-Imagine yourself at a fair playing one of the midway games. Pick a game and calculate the expected value and post your results along with how you calculated them. For example, you may decide to throw a basketball to try to win a $10 bear. You paid $2.00 for three shots. What is the expected value? (Please do not use this example in your answer)3-In one sentence, summarize what you understand of the Central Limit Theorem.4-collect a sample of books consisting of the ages of book (based on copyright dates). Plan and describe the sampling procedure, then use the results to construct a confidence interval estimate of the mean age of all books in the library. Please, post and share your results with the class.
Earn money selling
your Study Documents