APR 30-Year Term 20-Year Term 15-Year Term
5.5 $5.68 $6.88 $8.17
6.0 $6.00 $7.16 $8.44
6.5 $6.32 $7.46 $8.71
7.0 $6.65 $7.75 $8.99
7.5 $6.99 $8.06 $9.27


Determine the percent decrease in total principal and interest paid between a 30-year term mortgage and a 15-year mortgage with a principal balance of $242,300.00 and a 6.5% APR. Round the final answer to the nearest tenth. (4 points)

30.0%

31.1%

45.0%

45.1%

APR 30-Year Term 20-Year Term 15-Year Term5.5 $5.68 $6.88 $8.176.0 $6.00 $7.16 $8.446.5 $6.32 $7.46 $8.717.0

Answers

Answer 1

The percentage decrease in total principal and interest paid between a 30-year term mortgage and a 15-year term mortgage at an APR of 6.5% and principal of $242,300.00 is about 31.1%

What is a mortgage?

A mortgage is a loan used to purchase property.

The principal balance = $242,300.00

The Annual Percentage Rate, APR = 6.5%

The term of the loan = 30-year and 15-year

The monthly payment for the loan per each term can be obtained using the following formula;

M = P·[r·(1 + r)^n]/[(1 + r)^n - 1]

Where;

M = The monthly payment

P = The principal amount of the loan = $242,300.00

r = The monthly interest rate = APR/12 = 0.065/12

n = The the number of periods of payment = 12 × 30 = 360

The monthly payment for the 30-year loan term is therefore;

M₃₀ = 242,300 × [(0.065/12)·(1 + (0.065/12))^360]/[(1 + (0.065/12))^360 - 1] ≈ 1531.5

The total payment for the 30-year term ≈ 360 × 1531.5 = 551,340.3

The total payment for the 30-year term is about $551,340.3

The monthly payment for the 15-year loan term is found as follows;

n = 12 × 15 = 180

M₁₅ = 242,300 × [(0.065/12)·(1 + (0.065/12))^180]/[(1 + (0.065/12))^180 - 1] ≈ 2110.7

The total payment in 15 years ≈ 15 × 12 × 2110.7 = 379962

The total payment for the 15-year loan term is about $379,962

The percentage decrease, is therefore;

((551,340.3 - 379,962)/551,340.3) × 100 ≈ 31.1%

The percentage decrease is about 31.1%

Learn more on mortgage calculations here: https://brainly.com/question/28041674

#SPJ1


Related Questions

Corresponding Angles are congruent. Which angle corresponds with 3? 1/2 3/4 fine 7/8 5 6 [?]​

Answers

Answer:

5, 8 and 2

Because it has the same angel as 3 there for it's 5 , 8 and 2

Title: Averages
Things to remember:
Mixed
1) Range: 3, 4, 5, 7, 8, 8, 9
2) Median: 3, 4, 4, 6, 6,
3) Mean: 2, 9, 7, 5, 2, 2,
WORKING OUT & ANSWER

Answers

The values of the measures are;

Range = 6

Median = 4

Mean = 4.5

How to determine the values

To determine the values of the range, median and mean, we need to note that;

The range of a given set of values is the interval between the smallest number and the largest number in the set.

Given the data set;

3, 4, 5, 7, 8, 8, 9

The range = 9 - 3 = 6

The median of a given set of values is the  middle number of the set when arranged in an ascending or descending form.

Given the set;

3, 4, 4, 6, 6,

The median is 4

The mean of a set of numbers is the average value of the numbers.

Given the set;

2, 9, 7, 5, 2, 2,

The mean = 2 + 9 + 7 + 5 + 2 + 2/6 = 27/6 = 4. 5

Learn about range at: https://brainly.com/question/24326172

#SPJ1

need help with this , 13 × y z + 9 +2 × y z + 3​

Answers

Answer:

simplified expression: 15yz + 12

The width of a rectangle is 16 feet less than 3 times the length, and the area is 35 square feet.

Part a: Write an equation that can be used to determine the length and width of the rectangle. Express your answer as a quadratic equation set equal to zero

Answers

A rectangle has a width that is 16 feet shorter than its length and an area that is 35 square feet. The rectangle's length and breadth can be calculated using the equation [tex]3x^2[/tex] - 16x - 35 = 0.

Assume that the rectangle measures "x" feet in length. Then, according to the problem:

The width is 16 feet less than 3 times the length, so the width is 3x - 16 feet.

The area of the rectangle is 35 square feet, so we can write:

Area = Length x Width

35 = x(3x - 16)

To solve for x, we can simplify this quadratic equation by expanding the right-hand side and moving all the terms to one side:

35 = [tex]3x^2[/tex] - 16x

[tex]3x^2 - 16x - 35 = 0[/tex]

The rectangle's length and breadth can be calculated using the quadratic equation shown above.

To learn more about rectangle, refer:-

https://brainly.com/question/29123947

#SPJ1

A vending machine takes only nickels and dimes. There are 8 times as many nickels as dimes in the machine. There is a total of $3.00 in the machine. How many of each coin are there? (Show steps)

Answers

In response to the question, we may say that  Value total: 60 cents plus equation 240 cents plus 300 cents equals $3.00.

What is equation?

The equals symbol (=), which indicates equivalence, connects two statements in a mathematical equation. An algebraic equation's mathematical assertion proves the equality of two mathematical propositions. The equal sign, for instance, places a gap between the numbers 3x + 5 and 14 in the equation 3x + 5 = 14. Use a mathematical formula to understand how the two sentences on opposite sides of a letter relate to one another. Usually, the logo corresponds to the particular programme. An example would be 2x - 4 = 2.

Let's define our variables first:

Let x represent the amount of quarters in the machine.

10x + 5(8x) = 300

When we simplify and find x, we obtain:

10x + 40x = 300

50x = 300\sx = 6

Hence, the machine has six dime coins. We may determine the quantity of nickels by using the connection between the number of dimes and nickels:

8x = 8(6) = 48

There are 48 nickels in the machine as a result.

Verifying our response:

6 dime is 6 times 10 cents, or 60 cents.

48 nickels is 48 x 5 cents, or 240 cents.

Value total: 60 cents plus 240 cents plus 300 cents equals $3.00.

The vending machine has 48 nickels and 6 dimes, thus our answer is right.

To know more about equation visit:

https://brainly.com/question/649785

#SPJ1

Use the given information to find the unknown value.
2. y varies
1. y varies directly as the square root
inversely with the cube of x.
of x. When x = 16, then y = 4. Find y
y = 1. Find y when x = 1.
when x = 36.
When x = 3, then
3. The distances that an object falls varies directly with the
square of the time, t, of the fall. If an object falls 16 feet in one
second, how long for it to fall 144 feet?
4. The rate of vibration of a string under constant tension varies
inversely with the length of the string. If a string is 24 inches long
and vibrates 128 times per second, what is the length of a string
that vibrates 64 times per second?

Answers

The proportional and inverse relationships can be presented as follows;

1. The value of y when x = 36 is 6

2. The value of y when x = 1 is 27

3. The time of fall of an object that falls 144 feet is 3 seconds

4. The length of the string that vibrates 64 times per second is 48 inches long

What is a proportional relationship?

A proportional relationship is one that can be expressed in the form; y = k × x.

The possible questions, obtained from a similar question posted online, are presented as follows;

1. y varies directly as the square root of x, when y = 4, x = 16, to find y when x = 36;

The value of y can be found by expressing the relationship between y and x using a proportional relation as follows;

y ∝ √x

y = c·√x

4 = c·√(16) = 4·c

Therefore;

c = 4/4 = 1

c = 1

When x = 36, we get;

y = 1 × √(36) = 6

Therefore, when x = 36, y = 6

2. The variation of y and x can be presented as follows;

y ∝ 1/x³

y = c/x³

y = 1, when x = 3, therefore;

1 = c/3³ = c/27

c = 27 × 1 = 27

c = 27

The value y when x = 1, can be found as follows;

y = 27/1³

y = 27/1³ =27

When x = 1, y = 27

3. The relationship between the distance and the time duration the ball can be presented as follows;

Let s represent the distance the ball falls, and let t represent the time the ball falls, we get;

s = k·t²

The distance an object falls in one second = 16 feet

Therefore, we get;

When s = 16, t = 1

16 = k × 1²

k = 16/1² = 16

k = 16

s = 16·t²

When s = 144 feet, we get;

144 = 16 × t²

t² = 144/16 = 9

t = √9 = 3

The time the object will take to fall 144 feet is 3 seconds

4. The relationship between the vibration of a string and the tension in the string can be presented as follows;

Let f represent the vibration of the string, and let l represent the length in the string, we get;

f ∝ 1/l

f = c/l

When l = 24, f = 128, we get;

128 = c/24

c = 128 × 24 = 3,072

Therefore, if the string vibrates 64 times per second, we get;

64 = 3,072/l

l = 3,072/64 = 48

The length of a string that vibrates 64 times per second is 48 inches long

Learn more on proportional relationships here: https://brainly.com/question/28908339

#SPJ1

There are 700 houses in Toby's town. Last summer, 651 of the houses were for sale. What percentage of the houses in the town were for sale last summer? Write your answer using a percent sign (%).

Answers

Answer:

93%

Step-by-step explanation:

651/700 houses were for sale. Write that as a percentage.

651/700=0.93

0.93=93%

An engineer has designed a valve that will regulate water pressure on an automobile engine. The valve was tested on 240 engines and the mean pressure was 4.6 lbs/square inch. Assume the variance is known to be 0.81 . If the valve was designed to produce a mean pressure of 4.7 lbs/square inch, is there sufficient evidence at the 0.02 level that the valve does not perform to the specifications? State the null and alternative hypotheses for the above scenario.

Answers

We reject the null hypothesis and come to the conclusion that there is adequate evidence at the 0.02 level.

What does hypothesis testing's Type I error and Type II error mean?

The rejection of a correct null hypothesis during hypothesis testing is referred to as a Type I mistake. As a result, we get the incorrect conclusion that there is a large difference between two groups or variables. A false positive is another name for a Type I mistake.

Failure to reject a faulty null hypothesis is a Type II mistake. This means that we get the incorrect conclusion that there is no difference between two groups or variables when there actually is one. False negative is another name for a Type II mistake.

The valve generates a mean pressure of 4.7 lbs/square inch, which is the null hypothesis:

H0: μ = 4.7

The other possibility is that the valve does not generate 4.7 lbs/square inch of mean pressure:

Ha: μ ≠ 4.7

Since we are comparing the single sample mean to a known population mean and we are aware of the population variance, we can test this hypothesis using a one-sample t-test. The test statistic is determined by dividing the sample mean (x) by the population mean, the sample size (n), and the population standard deviation (s).

We obtain the following by plugging in the values:

t = (4.6 - 4.7) / (0.9 / √(240))

t = -4.15

Using a two-tailed test and a t-distribution table with 239 degrees of freedom (240 - 1), we can get the crucial t-value as follows:

T critical equals 2.571

We reject the null hypothesis and come to the conclusion that there is adequate evidence at the 0.02 level that the valve does not operate in accordance with specifications since our computed t-value (-4.15), which is in the rejection area (t -2.571 or t > 2.571), falls within this range.

Learn more about hypothesis here:

https://brainly.com/question/30821298

#SPJ9

Assume that the Poisson distribution applies and that the mean number of hurricanes in a certain area is 6.6 per year.
a. Find the probability​ that, in a​ year, there will be 4 hurricanes.
b. In a 35​-year ​period, how many years are expected to have 4 ​hurricanes?
c. How does the result from part​ (b) compare to a recent period of 35 years in which 3 years had 4 ​hurricanes? Does the Poisson distribution work well​ here?

Answers

The probability of having 4 hurricanes in a year is approximately 0.118 or 11.8%.

What is probability?

It is expressed as a number between 0 and 1, where 0 represents an impossible event and 1 represents a certain event.

According to question:

a. To find the probability of having exactly 4 hurricanes in a year, we use the Poisson distribution with a mean of 6.6:

P(X=4) = (e^-6.6)×(6.6^4)/(4!) ≈ 0.118

Therefore, the probability of having 4 hurricanes in a year is approximately 0.118 or 11.8%.

b. In a 35-year period, the expected number of years with 4 hurricanes is:

μ = λt = 6.635 ≈ 231

Therefore, we can expect to have 231 years with 4 hurricanes in a 35-year period.

c. If in a recent period of 35 years, only 3 years had 4 hurricanes, this is less than what the Poisson distribution would predict (231 years). However, this doesn't necessarily mean that the Poisson distribution doesn't work well here. The Poisson distribution is a theoretical model that assumes certain conditions, and it's possible that those conditions weren't met in this specific case. It's also possible that this was just a rare event that can happen due to chance. Further analysis would be needed to determine whether the Poisson distribution is a good fit for this data.

To know more about probability visit:

https://brainly.com/question/29221515

#SPJ1

2.5% of x is = 17

what is x??​

Answers

Answer: 680

Step-by-step explanation:

Math
Language orts
Science
de > T.8 Checkpoint: Applications of the Pythagorean theorem QWT
Submit
Social studies
Recommendations
Isaac is mountain climbing with Rina and has just climbed a 6.2-meter vertical rock face.
Rina is standing at the bottom of the cliff, looking up at Isaac on a diagonal. If Rina is 10
meters away from Isaac, how far away from the cliff is Rina standing?
If necessary, round your answer to the nearest tenth.
meters

Answers

In a casde whereby saac is mountain climbing with Rina and has just climbed a 6.2-meter vertical rock face the distance from the cliff is Rina standing is 7.85m

How can the distance be calculated?

Base on the given iformation, following the trigonometry rule it can be seen thatr the hypotenus of the triangle is the distance of Isaac  to Rina which can be expressed a C = 10m

The height that was climbed by I saac =  6.2-m. a= 6.2m

the distance from Rina to cliff = b

Then base on pytagoras theorem

c^2= a^2 + b^2

10^2 = 6.2^2 +  b^2

b^2= 10^2 - 6.2^2

b^2= 61.56

b = √61.56

b=7.85m

Learn more about pytagoras theorem at:

https://brainly.com/question/343682

#SPJ1

Can someone please help

Answers

Answer:

34

Step-by-step explanation:

16x-12= 9x-11 + 9x-11

16×-12=18x-22

10=2x

5=x

WT= 9x-11=9(5)-11

WT=45-11

WT=34

Create a pattern for the rule a +4.

Answers

As you can see, each number in the pattern is obtained by adding 4 to the previous number.

What is equation?

An equation is a mathematical statement that shows the equality of two expressions, usually with an equal sign "=" in between them. An equation can contain variables, constants, and operators. The variables are represented by letters and can take on different values, while constants are fixed values that do not change. Operators include mathematical symbols like plus, minus, multiplication, and division, as well as exponents and logarithms.

Here,

Sure, here's a pattern for the rule a + 4:

a = 1: 1 + 4 = 5

a = 2: 2 + 4 = 6

a = 3: 3 + 4 = 7

a = 4: 4 + 4 = 8

a = 5: 5 + 4 = 9

a = 6: 6 + 4 = 10

a = 7: 7 + 4 = 11

a = 8: 8 + 4 = 12

a = 9: 9 + 4 = 13

a = 10: 10 + 4 = 14

To know more about equation,

https://brainly.com/question/2228446

#SPJ1

I will mark you brainiest!

The sum of all of the exterior angles of an octagon is:

A) 180º.
B) 360º.
C) 1080º.
D) 36º.

Answers

Answer:

The sum of the exterior angles of any polygon, regardless of the number of sides, is always 360 degrees. Each exterior angle of a regular octagon measures 45 degrees, because the sum of the interior and exterior angles at each vertex is 180 degrees, and the octagon has 8 vertices. Therefore, the sum of all the exterior angles of an octagon is:

8 × 45º = 360º

So the answer is option B) 360º.

Find the equation of the line shown.​

Answers

Answer: y=1x+6

Step-by-step explanation:

goign up by 1/1 y intercpt is 6

Which graph represents the function g(z)=√2-1+1?

Answers

In response to the given question, we can state that Because it is independent of z, the function g(z) is a constant function. In particular, g(z) equals 2 - 1 + 1 = 2.

what is function?

Mathematicians examine numbers and complex variations, equations and associated structures, forms and their locations, and prospective positions for these things. The term "functioning" signifies the connection between a collection of inputs, each of which has a corresponding output. A function is a connection of inputs and results in which each input leads to a single, identifiable outcome. Each function is assigned a domain, a codomain, or a scope. The letter f is widely used this to denote functions (x). The symbol for admission is an x. The four primary types of usable functions are on operations, one-to-one capabilities, so multiple functionality, in capabilities, and then on functions.

Because it is independent of z, the function g(z) is a constant function. In particular, g(z) equals 2 - 1 + 1 = 2.

To know more about function visit:

https://brainly.com/question/28193995

#SPJ1

Mio deposits money in his bank account from a summer job and doesn’t spend any of it. After working 3 hours total, he has $71. After working 12 hours total, he has $134. How much money does Mio earn per hour?

Answers

Answer:

Step-by-step explanation:

because we know 1 hour is 60 min so 3 hours would be 60x3=180 then you do 3x23.7=71 12x11.2=134 so in total he has 23.7 per hour and 11.2 for 3 hours

Help would be appreciated a lot!!

In ALMN, LM || OP. Given that NL = 33, NM=44, and NP = 24, find NO.
0
M
NO= =
0

Answers

Answer:

NO= 18

Step-by-step explanation:

If we dissect the image, we can see that triangle LMN there are two similar triangles; triangle LMN and smaller triangle OPN. By definition of similar triangles, corresponding parts of similar triangles will have the same ratios. So, as we can see, sides NP and NM are corresponding. The ratio of the two sides is 24/44 (just put the smaller side over the longer side). Simplified, the ratio is 6/11. So, we know that the opposite sides' ratio will also be 6/11. So, all we have to do is multiply NL (33) by 6/11, which equals 18.

Check:

24/44=6/11, and 18/33=6/11, so the ratios are the same.

There are 6 adults in this class. Mary wants to give 5/8 of a doughnut to each person. How many doughnuts will he need?

Answers

Answer: He will need 10 whole donuts or 9 3/5 fractional donuts.

Step-by-step explanation:

Divide.

If there are 6 adults in the class and Mary wants to give 5/8 of a doughnut to each person, then the total number of doughnuts needed will be:

6 x 5/8 = 3.75

Since we cannot have a fraction of a doughnut, Mary will need to round up to the nearest whole number of doughnuts. Therefore, she will need 4 doughnuts to give each person 5/8 of a doughnut.

The graph of a function g is shown below. Find g (-2). g (-2) = 0​

Answers

Hence, in answering the stated question, we may say that As a result, graphs  P75 equals 80.375.

What is graphs?

Mathematicians use graphs to visually explain or chart events or variables. A graph point often indicates a connection between one thing and another. A graph, a non-linear data structure, is constituted of nodes (vertices) and edges. Glue the nodes, which are also called as vertices. This graph has E=1, 2, 1, 3, 2, 4, and (2.5) edges and V=1, 2, 3, 5. (3.5). (4.5). Graphical representations of exponential growth in analytical charts (bar charts, pie charts, line charts, and so on). a graph of a logarithmic triangle.

To get the value of P75, the 75th percentile, we need to discover the score where 75% of the scores fall below it.

z = (x - μ) / σ

where x is the score to be converted, is the mean, and is the standard deviation.

So we can write:

0.75 = P(Z ≤ 0.675)

where Z is the standard normal variable with a mean of 0 and a standard deviation of 1.

We can now rearrange the formula for the z-score to solve for the score x:

x = μ + zσ

Plugging in the values we have:

x = 77.4 + (0.675)(5) (5)

x = 80.375

As a result, P75 equals 80.375.

To know more about graphs visit:

https://brainly.com/question/11950136

#SPJ1

HELPPPPP???????? PLEASEEE

Answers

the answer is (1,2) the x axis is 1 and the y axis is 2

Answer:

(1,2)

Step-by-step explanation:

The solution to a system of equations is the point at which the lines defined by the equations intersect.

On this graph, we can see that the lines meet a point on the graph that is at 1 on the x-axis (horizontal axis) and at 2 on the y-axis (vertical axis).

In Cartesian coordinates, this is written in the format (x, y):

(1, 2)

Write two numbers that multiply to the value on top and add to the value on bottom
Submit Answer
45
X
-14

Answers

Answer:

-9 and -5

Step-by-step explanation:

-9 + -5 = -14

-9 * -5 = 45

Answer:

- 9 and - 5

Step-by-step explanation:

- 9 × - 5 = 45 and - 9 + (- 5) = - 9 - 5 = - 14

Calculus(Question in picture)

Answers

The absolute maximum value occur (3, 4.033) at point x = 3

How to find the absolute value of the function

The function given in the problem is g(x) = 3x³e⁻ˣ

differentiating the function

g(x) = 3x³e⁻ˣ

g'(x) = 3x³(-e⁻ˣ) + e⁻ˣ(9x²)

g'(x) = e⁻ˣ(-3x³ + 9x²)

equating to zero

0 = e⁻ˣ(-3x³ + 9x²)

0 = -3x³ + 9x²

3x³ = 9x²

x = 3

checking intervals close to 3: the check is done using numbers at the left and right to 3 and this numbers will be sufficiently close.

We choose 1 and 5, when the value of g'(x) increases from positive to negative then maximum value occurs

at x = 1, g'(1) = e^(-1)(-3(1)³ + 9(1)²) = 2.2073

at x = 3, g'(3) = e^(-3)(-3(3)³ + 9(3)²) = 0

at x = 5, g'(5) = e^(-5)(-3(5)³ + 9(5)²) = -1.0107

We can say that x = 3 is point of local maxima

g(3) = 3(3)³e^(-3) = 4.03275 = 4.033

from calculation the absolute maximum value occurs at (3, 4.033)

From the graph the absolute maximum value for the domain -1 ≤ x ≤ 5 occurs at (3, 4.033)

Learn more about absolute maximum value at:

https://brainly.com/question/30905480

#SPJ1

Suppose that the distance a car travels varies directly with the amount of gasoline it uses. A certain car uses 24 gallons of gasoline to travel 552 miles.

Write a direct variation equation to represent the relationship. Use d for the distance the car travels (in miles) and g for amount of gasoline it uses (in gallons)

Answers

[tex]\qquad \qquad \textit{direct proportional variation} \\\\ \textit{\underline{y} varies directly with \underline{x}}\qquad \qquad \stackrel{\textit{constant of variation}}{y=\stackrel{\downarrow }{k}x~\hfill } \\\\ \textit{\underline{x} varies directly with }\underline{z^5}\qquad \qquad \stackrel{\textit{constant of variation}}{x=\stackrel{\downarrow }{k}z^5~\hfill } \\\\[-0.35em] ~\dotfill[/tex]

[tex]\stackrel{\textit{D varies directly with G}}{D = k(G)}\hspace{5em}\textit{we also know that} \begin{cases} G=24\\ D=552 \end{cases} \\\\\\ 552=k(24)\implies \cfrac{552}{24}=k\implies 23=k\hspace{5em}\boxed{D=23G}[/tex]

7dhhdhdhdhdhffhdhdhhfhfhf

Solve for the value of e.

(pls help me)

Answers

Answer:

e = 10

Step-by-step explanation:

Vertically opposite angles are the angles formed opposite to each other when two lines intersect.

Vertically opposite angles are equal.

          9e - 8 = 8e + 2

Add 8 to both sides,

                 9e = 8e + 2 + 8

                 9e = 8e + 10

Subtract '8e' from both sides,

         9e - 8e = 10

                   [tex]\boxed{\bf e = 10}[/tex]

Answer:

e = 10

Step-by-step explanation:

According to the Vertical Angle Theorem, when two straight lines intersect, the opposite vertical angles are congruent.

Since the two given angles are vertical angles, they are congruent.

Therefore, we can set them equal to each other:

[tex]\implies (9e - 8)^{\circ} = (8e + 2)^{\circ}[/tex]

[tex]\implies 9e - 8= 8e + 2[/tex]

To solve for e, begin by subtracting 8e from both sides of the equation:

[tex]\implies 9e - 8-8e= 8e + 2-8e[/tex]

[tex]\implies e - 8= 2[/tex]

Add 8 to both sides of the equation:

[tex]\implies e - 8+8= 2+8[/tex]

[tex]\implies e=10[/tex]

Therefore, the value of e is 10.

Eric invested $10,000 in a 6-years certificate of deposit that pays 8% simple interest.

a) How much will he receive after the 6 years?

b) What is the total interest that he will earn?

Please help !!!!! My test is timed

Answers

Step-by-step explanation:

a) To calculate the amount that Eric will receive after the 6 years, we need to use the formula for simple interest:

I = P * r * t

Where:

- I is the interest earned

- P is the principal amount (the initial investment)

- r is the interest rate (as a decimal)

- t is the time period (in years)

In this case, Eric invested $10,000 at an interest rate of 8% for 6 years. So we can plug in these values:

I = 10,000 * 0.08 * 6

I = 4,800

The interest earned is $4,800. To find the total amount that Eric will receive after the 6 years, we need to add the interest to the principal:

Total = P + I

Total = 10,000 + 4,800

Total = 14,800

Therefore, Eric will receive $14,800 after the 6 years.

b) The total interest that Eric will earn is already calculated in part a) and it is $4,800.

How do you determine area of a circle

Answers

Step-by-step explanation:

it's radius squared timesed by pi (π)

r^2×π

if u don't have a radius but a diameter then half the diameter to get the radius

Answer:

There are two common formulas that can be used to calculate the area of a circle. Here they are:

1. Diameter based formula: [tex]\frac{\pi d^{2} }{4}[/tex].

Where [tex]\pi[/tex] is the universal value for all circles that expresses the ratio between the length of circumference and the diameter of any circle. It's a rational number and its value is about 3.141592653589793238462643383279502884197..., so you may want to just 3.14.

2. Radius based formula: [tex]\pi r^{2}[/tex].

This is the easiest and simplest formula. Letter "r" represents the length of radius of the circle,

3. Circumference based formula: [tex]\frac{C^{2} }{4\pi }[/tex].

Rarely used formula. In this equation, "C" represents the length of circumference of the circle.

Check the attached image to better understand the meaning of radius, diameter and circumference. Also, provided a second image with all the formulas for the area of a circle.

The ACT is a college entrance exam. ACT has determined that a score of 22 on the mathematics portion of the ACT suggests that a student is ready for college- level mathematics. To achieve this goal, ACT recommends that students take a core curriculum of math course: Algebra 1, Algebra 2, and Geometry. Suppose a random sample of 200 students who completed this core set of courses results in a mean ACT math of 22.6 with a standard deviation of 3.9. Do these results suggest that students who complete the core curriculum are ready for college-level mathematics? That is, are they scoring above 22 on the math portion of the ACT?
a) State the appropriate null and alternative hypotheses.
b) Use the classical and p-value approach at the = . level of
significance to test the hypotheses in part (a).
c) Write a conclusion based on your result to part (b)

Answers

Using null hypothesis,

a. Hzero : μ = 22

Hone : μ > 22

b. All requirements are satisfied.

c. Reject Hzero

d. There is sufficient evidence to support the claim that the students who complete the core curriculum are ready for college-level mathematics. (Score above 22 on average).

What is null hypothesis?

The null hypothesis is used to make decisions when employing data and statistical tests. The null hypothesis, or Hzero, claims that there is no difference in the characteristics of the two samples. A null hypothesis is, in general, a statement of no difference. The null hypothesis must be rejected in order to accept the alternative hypothesis.

a. Given,

μzero = 22.

n = 200

x = 22.6

s = 3.9

α = 0.05

Claim is mean is more than 22.

The claim is either null or alternative hypothesis. The null hypothesis states that the population mean is equal to the value mentioned in the claim. If the null hypothesis is the claim, then the alternative hypothesis states the opposite of the null hypothesis.

Hzero : μ = 22

Hone : μ > 22

b. Requirements t-distribution hypothesis test: Simple random sample, sampling distribution of the sample mean is approximately normal & independent sample results.

Simple random sample: Satisfied, because exercise prompt states that the sample is a random sample.

All requirements are satisfied.

c. Classical approach:

Determine the value of test statistics,

t = 2.176

Determine the critical values from the students' T-distribution table with

df = n - 1 = 200 -1 = 199 > 100

t = 1.660

2.176>1.660

⇒ Reject Hzero

d. There is sufficient evidence to support the claim that the students who complete the core curriculum are ready for college-level mathematics. (Score above 22 on average).

To know more about null hypothesis, visit:

https://brainly.com/question/28920252

#SPJ1

Which dilation of △ RST would result in a line segment with a slope of 2 that passes through ( − 4 , 2 ) ?

Answers

Answer:

The location of the point (4, 2) is to the right of the triangle RST, therefore,

a dilation from the left or a contraction from the right is required.

The dilation of ΔRST that would result in a line segment with slope of 2

that passes through (4, 2) is C. A dilation with a scale factor of 0.5 centered 12,2

Step-by-step explanation:

If the perimeter of the isosceles triangle is at most 45 centimeters, which inequality could be used to find the value of p

Answers

Inequality to find the value of p is 7p - 12 ≤ 45. So correct option is C.  The value of p is at most 8.14 centimeters.

Describe Inequality?

Inequalities can be solved in a similar way to equations, but with some important differences. To solve an inequality, one must find the set of values that satisfy the inequality. This set of values is often expressed as an interval, which is a range of values between two endpoints. For example, the solution to the inequality x < 5 is the interval (-∞, 5), which includes all values of x that are less than 5. The solution to an inequality may also be expressed graphically on a number line or coordinate plane.

The perimeter of an isosceles triangle with sides of length 3p-6, 3p-6, and p is:

Perimeter = (3p-6) + (3p-6) + p

= 7p - 12

We are given that the perimeter is at most 45 centimeters. Therefore, we can write the following inequality to find the value of p:

7p - 12 ≤ 45

Adding 12 to both sides, we get:

7p ≤ 57

Dividing both sides by 7, we get:

p ≤ 8.14

Therefore, the value of p is at most 8.14 centimeters.

To know more about perimeter visit:

https://brainly.com/question/29575062

#SPJ1

Other Questions
Assume that the data has a normal distribution and the number of observations isgreater than fifty. Find the critical z value used to test a null hypothesis.a = 0.05 for a two-tailed test.O2.575O1.764O1.645O1.96 What is the greatest number of unit cubes that would fit in a rectangular prism that is 12 units tall, 5 units long, and 7 units wide?A 420B 84C 60D 7 An eyewitness who sees a small neighborhood house fire that was put out within minutes of fire fighters arrival is later asked how long it took to stop the blazing flames from engulfing the neighborhood. The eyewitness recalls the fire as taking almost a half-hour to put out. What is the best explanation for the change in the witnesss memory?A. retrieval failureB. proactive interferenceC. anterograde amnesiaD. misinformation effectE. source misattribution The data represent the results for a test for a certain disease. Assume one individual from the group is randomly selected. Find the probability of getting someone who tested positive given that he or she had the disease. Examples 1 and 2 1 HOTELS The function y = 100(1.05) represents the cost per night at a hotel that cost $100 when the hotel opened and has been increasing by 5% every year since the hotel opened. a. Graph the function. 2Drag the tiles to the correct boxes to complete the pairs.Match the Gothic subgenres to their descriptions.uses a haunted structure to depict the workings of a troubled mindexplores the uncertainties and fears of industrialized societyrepresents fears associated with the rise of outlying communities in the United Statesexplores the anxieties that the American landscape created in European settlersWilderness Gothic Psychological GothicUrban GothicSuburban Gothic Type the correct answer in each box. Use numerals instead of words. Consider function g. g ( x ) = { 6 , - 8 x < - 2 0 , - 2 x < 4 - 4 , 4 x < 10 What are the values of the function when x = - 2 and when x = 4 ? g ( - 2 ) = g ( 4 ) = You will use the link below to visit the Johns Hopkins University website to learn more about the Maryland Online IEP.The module you will complete this week is Module 2: Goals & Objectives. Move through the module by completing each section:1. Set-up2. Presentation3. Learning Together4. Just for Me5. Assessment6. Wrap-upWhen you complete the module, write a 2 paragraph reflection on your experience and submit it to this link. Focus on what you learned and how learning this information allowed you to grow a little bit as a future educator. **College-level writing is required. This is the link:http://olms.cte.jhu.edu/moiep-goals-objectives Sodium-24, which is used to locate blood clots in the human circulatory system, has a half-life of 15.0 h . A sample of sodium-24 with an inital mass of 20.0 g was stored for 45.0 h . How many grams of sodium-24 are left in the sample after 45.0 h QUESTION 24Asking The Kegs customers to purchase an appetizer, fries, drink and dessert to complement their purchase of a sandwich, would be An upselling objectiveA cross-selling objectiveAn upselling strategyA cross-selling strategy1 points How can humans manipulate soils? Select all that apply.removing bedrockchanging the acidityadding decaying material such as mulchadding nutrients A frictionless roller coaster with an initial speed of Write an essay on use of computer in our life in 200 words. A wheel has a radius of 9 inches and travels as it spins. How far does the wheel travel in one revolution? Round your answer to two decimal places. (Hint: Find circumference.) Use 3.14 for \pi . how to use external debt to finance business What resource powered the 20th century and built the modern world? Write a speech as if you were a member of the House of Representatives or some other government official speaking to a town hall meeting in your district. In your speech, highlight this conflict and issue for your constituents. Also list potential solutions to the issue and discuss the consequences if no solution is found. Finally, explain your own opinion, in your role as a US representative, on how to resolve the situation. Be sure to support your viewpoint with evidence. . need like 5 sentences i need it about freedom of speech will give brainlieist for best answer Given the following information for Smashville, Inc., construct a balance sheet: Current liabilities:$31Cash:$21Long-term debt:$102Other assets:$38Fixed assets:$130Other liabilities:$13Investments:$34Operating assets:$64 Mr. Denson has a square shaped patio enclosed with a fence. The entire length of the fence around the perimeter of the patio is 72 meters. What is the area of his square-shaped patio? What is the denotation of the word snake?