5 A new business borrows $320,000 at a yearly simple interest rate of 7%. The total
amount the company repays for the loan and interest is $678,400. How long did it
take to pay off the loan?
Interest = (principal)(rate in decimal)(time in years)
1 = (p) (0) (t)
1. Read the word problem and circle and label the
interest, principal, rate, and time in years given in
the problem.
2. Underline the question(s)
3. Make any conversions needed for example:
a. Percent into decimals
b.
Months into years
4. Write down the simple interest formula
5 Plug in the known variables into the interest formula
6. Solve for the unknown
7. Answer the questions using complete sentences
and question stem

16 years

Step-by-step explanation:

Annual interest payment is 7% * 320k = 22,400

Total interest is 678400-320000=358400

358400/22400=16

see below

step-by-step explanation:

7.   there are 10 data points in the set.   the middle point is between 5 and 6.   the middle point in the top half is 8   and the middle point in the bottom half is 3. to find the iqr , take point 8 and subtract point 3

mid term   point 8 = 100   point 3 = 88

iqr = 100-88 = 12

final   point 8 = 93   point 3 = 78

iqr = 93 - 78 = 15

the final has the greatest iqr

6.   b - there is a high data value that causes the data set to be asymmetrical for the males: the data for males are high and asymmetrical .   there is an outlier for the males that skews the data

5.   the   iqr is a better measure of spread for the movies and basketball games.   since the basketball game has an outlier, we do not want to use standard deviation for measurement.  

3.   the exam median is much higher than the class median.   the median line is farther to the right on the exams

2.   there is no way to tell what the means are from the box and whisker plots.  

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step-by-step explanation:

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