Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded to the nearest cent, how much interest will Lupita have earned after 48 months? The answer is $

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A: Cost of hot tub=$5,010 Down payment=$1,300 hence the loan amount=$(5030-1300)=$3730 Payment each…

Q: Hannah has $33,292 in a savings account with simple interest. If she deposited $28,700 two years…

A: NOTE: Refresh your page if you can't see any equations. . here we have  A=33292 P=28700 t=2 years

Q: Margo borrows $2000, agreeing to pay it back with 2% annual interest after 8 months. How much…

A:

Q: A man working on commission makes $220 for selling $5,600 worth of merchandise. What is his…

A: Solution: The objective is to find the commission rate

Q: A new car is purchased for 22300 dollars. The value of the car depreciates at 10.25% per year. What…

A: Value of the car after 6 years

Q: Simone invests $4,000 in an account that compounds interest quarterly and earns 3%. How many years…

A:

Q: You deposit $100 each month into an account earning 7% interest compounded monthly. A) How much will…

A: We will solve the following

Q: Brittany invested $2,890 for 232 days at a simple interest rate of 2.50% p.a. How much more or less…

A: Solved below

Q: the

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Q: Scott took out a 72 month loan for $35.000 to purchase a new boat. If Scott paid $8,925 in simple…

A:

Q: Katie received a bonus of $6,650. If she spent three-fourths of this amount on a vacation, how much…

A:

Q: Moira borrowed $3,500 from her grandfather to pay for her first year of college.  Four years later,…

A:

Q: Susie is paying $589.35 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Consider the given question,Total mortgage value = $150,000 Monthly payment of Susie = $589.35Total…

Q: During a prolonged recession, property values on Long Island depreciated by 7% every 6 months. If my…

A:

Q: Bianca deposited $1500 into a savings account for which simple interest is calculated quarterly. If…

A: Let the yearly interest rate that Bianca get in her account be : R % Given:   Principal deposit: P =…

Q: Sherry has a goal of retiring with $434,598 by making weekly deposits into an investment account…

A: Given   Sherry has a goal of retiring with $434,598 by making weekly deposits into an investment…

Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Given: Month payment=$512.49 Mortgage=$150,000

Q: Margo borrows $800, agreeing to pay it back with 3% annual interest after 9 months. How much…

A: Simple interest formula: The simple interest formula is given by, I=P×r×t, where P is principal, r…

Q: Nazir saved $900 to buy a plasma TV. He borrowed the rest at an interest rate of 18%/a compounded…

A: Compound interest is a type of interest where the principal amount changes every time when the…

Q: In five years Gloria's bank account earned 2400 interest at 5% simple interest . How much had she…

A: Given that In five years Gloria's bank account earned 2400 interest at 5% simple interest To find…

Q: Ed puts PhP 45,000 into an account to use for future expenses. The account earns 13%, compounded…

A: Topic = Algebra    Formula for compound interestA=P1+rnntA=Final amountP=Principalt=timer=interest…

Q: If you pay the credit card company 196.80 each month in order to pay off your credit card, and it…

A: The detailed answer is given below-

Q: Susie is paying 594.16 every month for her 150,000 mortgage. If this is a 30 year mortgage, how much…

A: The monthly amount Susie paying per month = 594.16Total mortgage = 150,000The time period of…

Q: Sue purchased a $17,000 life insurance policy at the price of $48 per $1000 of coverage. If she pays…

A: Introduction:If total coverage = P and the policy price = $r per $1000.thentotal policy cost = r x…

Q: Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

A: Given Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

Q: takes the loan for a year, what will be his monthly payment to the nearest penny to repay the loan…

A: The datas given in the question are  Principal=$450 Interest rate=9.9 Time period=1 year

Q: After a three-tenths increase of his current hourly wage, a man receives a new hourly wage of…

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: Fred invested $25,000 at 4% simple interest. How much interest will he earn each year?

A: Simple interest:Simple interest is an easy method of calculating the interest charge on a loan.…

Q: Evelyn pays $10,000 for shares in a new company. She sells the shares 10 years later for $15,000.…

A: Given data: Cost of the investment= $10000 Current value of the investment=$15000 Time=10 years…

Q: A new car is purchased for 16200 dollars. The value of the car depreciates at 14.25% per year. What…

A: We have to solve this question by the rule of  A=P(1+r/100)t where P is the initial amount and r is…

Q: National Storage paid a dividend of $1.70 per share last year. If yesterday's closing price was…

A:

Q: In 25 years A bond with a 4.75 annual interest rate earned 2375 as interest what was the principal…

A: In 25 years A bond with a 4.75 annual interest rate earned 2375 as interest. what was the principal…

Q: Marcos's savings account has a balance of $ 4,643. After 25 years, how much will your profit be at…

A: Compound interest formula:  , where A is amount after t year, P is initial amount, t is number of…

Q: Mon invested Php125, 000.00 in a savings account that pays 7% interest compunded quarterly. If he…

A:

Q: Simone invests $4,000 in an account that compounds interest quarterly and earns 7%. How many years…

A:

Q: Daniel paid $825 simple interest on a $1,400 loan for 5 years. What was the interest rate?

A: Here we have to find the interest rate i.e 'r'.

Q: During a prolonged recession, property values on Long Island depreciated by 10% every 6 months. If…

A: Formula: D=P1-rn where D= Depreciation value P= Present value r= Rate of depreciation n= Number of…

Q: Bailey received a loan of $13,690 from her friend. If she was charged the interest amount of $965 at…

A:

Q: Susie is paying $577.02 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: The formula used to calculate the EMI (monthly instalment) for a loan is: EMI = P×r×1+rn1+rn-1 Here:…

Q: Kyle took out a loan at a simple interest rate of 6% for 10 years. He ended up having to pay $12,000…

A:

Q: Hilaria borrowed $8,000 from her grandfather to pay for college. Five years later, she paid him back…

A:

Q: A car is purchased for $16,500. After each year, the resale value decreases by 20%. What will the…

A: The principle amount is 16500, the rate of interest is -20% per annum and the number of years is 4.…

Q: Margo borrows $1100, agreeing to pay it back with 8% annual interest after 14 months. How much…

A: Given data: The given amount borrowed is P=$1100. The given rate of interest is r=8%. The given time…

Q: Park bought a house 15 years ago, taking out a $140,000 mortgage at 6% interest for 30 years, making…

A:

Q: Margo borrows $1100, agreeing to pay it back with 3% annual interest after 16 months. How much…

A:

Q: During a prolonged recession, property values on Long Island depreciated by 5% every 6 months. If my…

A:

Q: A loan of $980 was repaid at the end of 6 months with a check $995. What annual rate of interest was…

A:

Q: Dave won a photography contest and received a $1475 cash prize , will he earn more interest in 1…

A: Dave won a photography contest and received a $1475 cash prize To determine the how much more…

Q: Miguel deposits 5380 dollars in an account, and 5 years later the account balance is 11060 dollars.…

A: Note -  Acc. to Bartleby guidelines, we are supposed to do do only one question. If you want more to…

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.