70,000 for 6 years at a simple interest rate of 10,5% find the interest paid on the loan an total paid

A $70,000 loan at 10.5% for six years will accrue interest as follows:  

i = $70,000(0.105)(6) = $44,100.

Paying off this loan plus the accrued interest will require $70,000 + $44,100, or $114,000.

x = 23.78

step-by-step explanation:

d. 24+-0.114

step-by-step explanation:

the question requires us to calculate the approximate 95% confidence interval for the mean number of ounces of ketchup per bottle in the sample given the following statistics;

sample mean = 24

standard deviation, σ = 0.4

sample size , n = 49

the confidence interval for a population mean is calculated using the formula;

sample mean ± z-score*(σ/sqrt(n))

the z-score associated with a 95% confidence interval, from the standard normal tables, is;

1.96

substituting these values into the formula;

24 ± 1.96*(0.4/7)

= 24 ± 0.112

from the alternatives given, choice d is closest to the above expression;