Problem 972

Use the given statement to represent a claim. Write its complement and state which is H0 and which is Ha. p < 0.75   Solution:-   Begin by finding the…

Problem 971

Use the given statement to represent a claim. Write its complement and state which is Ho and which is Ha. µ ≥199   Solution:-   Begin by finding the complement…

Problem 970

Raul Fletes borrowed 9000 on a 200-day note required ordinary interest at 15.8%. Raul paid 4500 on the mote on the 150th day. How much interest did he save by…

Problem 969

Mr. Smith borrowed 31000 to purchase stock for his baseball card shop. He repaid the simple interest loan after three years. He paid interest of 8500. What was the interest…

Problem 968

Linda Davis agreed to lend money to Alex Luciano at a special interest rate of 7% per year, on the condition that he borrow enough that he would pay her…

Problem 967

A loan is made for 102 months. Convert the time to years.   Solution:-   To convert the time to years, divide the number of months by the number of…

Problem 966

Convert to years, expressed in decimal from to the nearest hundredth. 5 months   Solution:-   To convert to years, expressed in decimal form, divide the number of months by…

Problem 965

Find the interest paid on a loan of 2300 Rate is the percent of the principal paid as interest per time period. Identify the rate. R = 12% Time is…

Problem 964

Given the annual interest rate and the compounding period, find I, the interest rate per compounding period. 3.4% compounded quarterly.   Solution:-   The interest rate per compounding period is…