Joshua’s computer loan statement said that he would pay $1,244.34 in simple interest for a 3-year loan at an interest rate of 12.4%. How much did Joshua borrow to buy the computer?

Q: A trader gives a 5% discount for cash payments. What cash discount will he give on a bill of…

A: The expression: "p% of q" is same as p100×q.

Q: Jaime’s refrigerator loan statement said that he would pay $1,026 as interest after 4 years at an…

A:

Q: Your roommate asks to borrow $500 and agrees to pay it in 45 days with interest rate of 4%. How much…

A: Given  : P = Principal value = $500 r = Interest rate = 4% =0.04 t = time in years = 45365

Q: 1. Abby placed $4000 into her bank account at a simple interest rate of 4.5% per year for 4 months.…

A: Principal (P) = $ 4000 Rate (R) = 4.5 % per annum Time (t) =4 months = 412 years = 0.33 yr As,  12…

Q: If Tanya purchased a $1,700 set of golf clubs on a 9-month layaway plan and had to pay a monthly…

A: Given that $17000 set of golf clubs is purchased. Monthly payment is $201 and number of months is 9.…

Q: A store manager obtained a loan of $35,000, at  6 3 8%  interest, for 14 months to purchase…

A:

Q: Michael needs Php 10,000 for the renovation of their house. If he will apply for a discounted one…

A: Simple interest(I) of principal amount P, with rate of interest r% for t years is given by, I=…

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A:

Q: 4. Puck is planning to buy a new Harley in 2 years. He is able to save $475 each month in an account…

A:

Q: A man bought his girlfriend a new necklace for $259. Instead of paying cash, he paid $19 down,…

A: Cost of necklace = $259 Down Payment = $19 Amount left to be paid = Cost of necklace - Down Payment…

Q: How much money does Nora have for her car down-payment if she invests $750 at a monthly interest…

A:

Q: 1. Alex opened a savings account and initially deposited Php2000. She decided that her monthly…

A:

Q: In 2016, Donald Trump admitted he received a small loan of 1 million dollars from his father. If he…

A: Given, Principle = $ 10,00,000 time period T P = 32 years                              =32×12…

Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…

A: given  principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…

Q: Monique buys a $5,127 air conditioning system using an installment plan that requires 12.5% down.…

A:

Q: Joe Levi bought a home in Arlington, Texas, for $125,000. He put down 30% and obtained a mortgage…

A:

Q: karen and wayne need to buy a refrigerator because theirs just broke. unfortunately, their savings…

A:

Q: Morgan loaned $3,100 to Rolf at a simple interest rate of 0.65% per month. What was the  term of the…

A:

Q: Gina buys her first house for $250,000 at 5% APR with a 30-year mortgage.a. Find her monthly…

A: a) It is given that, Gina buys house for $250000 at 5% APR with a 30-year mortgage. Here Principal…

Q: rate

A:

Q: If the sales tax is 8.25%, how much does John have to pay for the phone at the store, before he…

A:

Q: Kachina Caron invested $1800 in a simple interest account and earned $36 in 3 months, what is the…

A:

Q: John backed his new car into a utility pole.  Luckily, the pole was not damaged but his car was.  He…

A:

Q: The interest rate on an $859.50 debt was 104%. For how many months was the loan outstanding if it…

A: Given: The interest rate on an $859.50 debt was 1014%. Find for how many months was the loan…

Q: Lainee would like to purchase a new car for $45,000.  How much will his monthly payments be if he…

A:

Q: If you are selling your house with a local realtor who requires a 3% commission fee what can you…

A:

Q: Mary Rose works at home as a financial consultant. She wants to claim some of her yearly expenses as…

A: Here we are given some expenses. We need to find amount of deduction .

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A: .as per our norms we are allowed to solve one question at a time.  Kindly repost the remaining…

Q: A friend lends you $900, which you agree to repay with 3% interest. How much will you have to repay?…

A:

Q: a man buys a car for 34,000 if the interest rate on the loan is 12% compund monthly and if he wants…

A: Given that  a man buys a car for 34,000 if the interest rate on the loan is 12% compund monthly and…

Q: A couple can afford to make a monthly mortgage payment of $650. If the mortgage rate is 9% and the…

A:

Q: Janina purchased a laptop priced at Php25000. She put Php4500 as downpayment and made equal monthly…

A: Given That, Janina Purchased a laptop priced at Php 25000. She put Php 4500 as a down payment and…

Q: Vic bought a new plasma TV for ​$2400. He made a down payment of ​$200 and then financed the balance…

A:

Q: A friend lends you $490, which you agree to repay with 7% interest. How much will you have to repay?…

A: Solution

Q: ok out $12,000 in student loans to pay for his schooling. If he must pay the loan back over 10 years…

A: Simple interest: Simple interest is a method for calculating the amount of interest charged on a sum…

Q: Rafaela takes out a 4-year simple interest car loan for $15000 at a 3% interest rate. Is she does…

A:

Q: How much should be the Engineer borrow from a bank that charges 10% simple discount for 6 months if…

A:

Q: Jason takes out a car loan for $14,500 and is paying simple interest of 7%.  He finances the loan…

A:

Q: if a loan's annual simple discount rate is 4.34%, how many years would it take for the debt to…

A: Given discount rate dR=4.34%=0.0434. Formula for given problem is M=P1-dRT…

Q: A car dealer will sell you the $16,150 car of your dreams for $3,290 down and payments of $338.97…

A: Let the APR (annual interest rate ) be r . r is determined in the following steps

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given: Price of refrigrator = $1538 + 5% sales tax, Rate of interest = 14%, Number of years = 3…

Q: Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they…

A: Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they…

Q: 5. Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he…

A: Interest= p×r×t100, where p is the principal amount, r is rate of interest and t is time in years,…

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A:

Q: Mr. Johnson borrowed $8000 for 4 years to make home improvements. If he repaid a total of $10,320,…

A:

Q: If you borrow $800 for 6 months at 6% annual simple interest, how much must you repay at the end of…

A: Simple Interest Formula: A = P 1+r·t where A is the final amount. P is the initial amount. r is the…

Q: Maddy Brown needed​ start-up money for her landscape service. She borrowed $11,000 for 42 months and…

A:

Q: On May 28, 2020, Amy purchased a Government of Canada T-bill that matures on August 4, 2020. How…

A: Future value is $10,000 Rate of interest 1.35%

Q: Jill has a loan of $1600 . If she is charged 2% simple interest per month, how much interest is she…

A: The formula to calculate the amount on simple interest is given below: A=P(1+rt) where, A is the…

Q: You want to make monthly payments of $440, but you don't want a car loan over your head for more…

A: Let the loan amount is P. it is given that monthly payment M is 440. the interest rate is 0.015…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A:

Q: How much will a U.S. Treasury bill be worth after 11 months if it was bought for $4,000 and earns…

A:

Q: Tanya purchased a $3,123 set of golf clubs on a nine-month layaway plan and had to pay a monthly…

A: Here we calculate the sum of monthly payment then calculate layaway plan.

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given : Sears offers them an installment loan at 13% (add-on rate). If the refrigerator at Sears…

Q: How much will your principal be? At the end of 5 years, how much will you have to pay back? If you…

A: Here AS PER POLICY I SHOULD HAVE TO CALCULATE 3 SUBPART ONLY EVEN IF I HAVE CALCULATED 4 PLZ REPOST…

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given: Cost of refrigerator is $1500+5%sales tax. Interest rate of installment loan offered by…

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.