Answer:
0.8895 = 88.95% probability that the hockey team wins at least 3 games in November.
Step-by-step explanation:
For each game, there are only two possible outcomes. Either the teams wins, or they do not win. The probability of the team winning a game is independent of any other game, which means that the binomial probability distribution is used to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]
In which [tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.
[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]
And p is the probability of X happening.
The probability that a certain hockey team will win any given game is 0.3773.
This means that [tex]p = 0.3773[/tex]
Their schedule for November contains 12 games.
This means that [tex]n = 12[/tex]
Find the probability that the hockey team wins at least 3 games in November.
This is:
[tex]P(X \geq 3) = 1 - P(X < 3)[/tex]
In which:
[tex]P(X < 3) = P(X = 0) + P(X = 1) + P(X = 2)[/tex]
So
[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]
[tex]P(X = 0) = C_{12,0}.(0.3773)^{0}.(0.6227)^{12} = 0.0034[/tex]
[tex]P(X = 1) = C_{12,1}.(0.3773)^{1}.(0.6227)^{11} = 0.0247[/tex]
[tex]P(X = 2) = C_{12,2}.(0.3773)^{2}.(0.6227)^{10} = 0.0824[/tex]
Then
[tex]P(X < 3) = P(X = 0) + P(X = 1) + P(X = 2) = 0.0034 + 0.0247 + 0.0824 = 0.1105[/tex]
[tex]P(X \geq 3) = 1 - P(X < 3) = 1 - 0.1105 = 0.8895[/tex]
0.8895 = 88.95% probability that the hockey team wins at least 3 games in November.
A(n) _____ is an expression that uses variables to state a rule.
plz help asap
Answer:
A FORMULA is an expression that uses variables to state a rule.
If the domain of a function that is reflected over the x-axis is (1, 5), (2, 1), (-1, -7), what is the range?
A. (1, -5), (2, -1), (-1, 7)
B. (5, 1), (1, 2), (-7, -1)
C. (-5, -1), (-1, -2), (7, 1)
D. (-1, 5), (-2, 1), (1, -7)
Answer:
A. (1, -5), (2, -1), (-1, 7)
Step-by-step explanation:
Reflecting a function over the x-axis:
When a function is reflected over the x-axis, the x-value stays the same, while y changes the signal, so the transformation rule is:
[tex](x,y) \rightarrow (x,-y)[/tex]
To find the range:
We apply the transformation to the points in the domain. Thus:
[tex](1,5) \rightarrow (1,-5)[/tex]
[tex](2,1) \rightarrow (2,-1)[/tex]
[tex](-1,-7) \rightarrow (-1,-(-7)) = (-1, 7)[/tex]
Thus the correct answer is given by option a.
Answer:
It is letter A and please give me brainliest
Step-by-step explanation:
A sprinkler releases water st a rate of 150 liters per hour. If the sprinkler operated for 80 minutes how many liters of water will be released
The amount of water released from the sprinkler for 80 minutes is 200 L
What is an Equation?
Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.
It demonstrates the equality of the relationship between the expressions printed on the left and right sides.
Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.
Given data ,
Let the amount of water from the sprinkler for 80 minutes be = A
Now , the value of A is given by the equation
A sprinkler releases water st a rate of 150 liters per hour
So , 60 minutes = 150 Liters of water
80 minutes = 1/60 hours
80 minutes = 1.333 hours
The amount of water released for 1.333 hours A = 150 x 1.333
On simplifying the equation , we get
The amount of water released for 1.333 hours A = 200 L
Therefore , the value of A is 200 L
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determine the general solution of cos2X -7cosX -3=0
Answer:
x=2pi/3 +2pi n, 4pi/3 +2pi n for all integar of n.
Step-by-step explanation:
A student takes an exam containing 16 true or false questions. If the student guesses, what is the probability that he will get exactly 14 questions right
Answer:
0.001831055
Step-by-step explanation:
Here, n = 16, p = 0.5, (1 - p) = 0.5 and x = 14
As per binomial distribution formula P(X = x) = nCx * p^x * (1 - p)^(n - x)
We need to calculate P(X = 14)
P(x =14) = 16C14 * 0.5^14 *(1-0.5)^2
= 120 * 0.5^14 *(1-0.5)^2
= 0.001831055
How long will it take money to double if it is invested at 25 % compounded continuously ?
Answer:
Is it anual or monthly?
Step-by-step explanation:
Will give brainliest answer
Answer:
the x-intercepts are at
x = -3
x = 0
x = 1
Step-by-step explanation:
ask the points, where the functional value is 0.
2x³ + 4x² - 6x = 0
we see that every term contains an expression of x. so, we can simplify this
x × (2x² + 4x - 6) = 0
so, one solution is plainly visible : x=0
for the other solutions we need to solve the square equation
2x² + 4x - 6 = 0
or even simpler
x² + 2x - 3 = 0
the solution of a square equation is
x = (-b ± sqrt(b² - 4ac))/(2a)
in our case
a=1
b=2
c=-3
x = (-2 ± sqrt(2² - 4×1×-3))/(2×1) = (-2 ± sqrt(4 + 12))/2 =
= (-2 ± sqrt(16))/2 = (-2 ± 4)/2 = -1 ± 2
x1 = -1 + 2 = 1
x2 = -1 - 2 = -3
Solve the inequality. |X-15|>9
Answer:
X<6 or X>24
Step-by-step explanation:
Aron flips a penny 9 times. Which expression represents the probability of getting exactly 3 heads? P (k successes) = Subscript n Baseline C Subscript k Baseline p Superscript k Baseline (1 minus p) Superscript n minus k. Subscript n Baseline C Subscript k Baseline = StartFraction n factorial Over (n minus k) factorial times k factorial EndFraction Subscript 9 Baseline C Subscript 3 Baseline (0.5) cubed (0.5) Superscript 6 Subscript 9 Baseline C Subscript 3 Baseline (0.5) cubed Subscript 9 Baseline C Subscript 3 Baseline (0.5) cubed (0.5) Superscript 9 Subscript 9 Baseline C Subscript 6 Baseline (0.5) Superscript 6
Answer:
[tex]P(3) = ^9C_3 * 0.5^3 *0.5^6[/tex]
Step-by-step explanation:
Given
[tex]n = 9[/tex] --- number of flips
Required
[tex]P(x = 3)[/tex]
The probability of getting a head is:
[tex]p = \frac{1}{2}[/tex]
[tex]p = 0.5[/tex]
The distribution follows binomial probability, and it is calculated using:
[tex]P(x) = ^nC_x * p^x * (1 - p)^{n-x}[/tex]
So, we have:
[tex]P(3) = ^9C_3 * 0.5^3 * (1 - 0.5)^{9-3}[/tex]
[tex]P(3) = ^9C_3 * 0.5^3 *0.5^6[/tex]
Answer:
Aron flips a penny 9 times. Which expression represents the probability of getting exactly 3 heads?
Answer: A
Step-by-step explanation:
Please help!! How do I solve for x?
The line in the middle is half the length of the line on the outside. Multiply the middle line by 2 and set it equal to the outside line.
2(x-3) = x + 6
Simplify:
2x -6 p x + 6
Add 6 to both sides
2x = x + 12
Subtract x from both sides:
X = 12
The answer is B) 12
Cathy is planning to take the Certified Public Accountant Examination (CPA exam). Records kept by the college of business from which she graduated indicate that 73% of students who graduated pass the CPA exam. Assume that the exam is changed each time it is given. Let n = 1, 2, 3, ... represent the number of times a person takes the CPA test until the first pass. (Assume the trials are independent).
(a) What is the probability that Cathy passes the CPA test on the first try?
(b) What is the probability that Cathy passes the CPA test on the second or third try?
Answer:
The responses to these question can be defined as follows:
Step-by-step explanation:
For point a:
[tex]\to P(1) = 0.73[/tex]
For point b:
[tex]\to P(2\ or\ 3) = P(2) + P(3)[/tex]
[tex]= 0.27 \times 0.73 + 0.27\times 0.27\times0.73\\\\=0.1971+0.1971\times 0.27\\\\=0.1971+0.053217\\\\=0.250317[/tex]
In May 2010, the Pew Research Center for the People & the Press carried out a national survey to gauge opinion on the Arizona Immigration Law. Responses (Favor, Oppose, Don’t Know) were examined according to groups defined by political party affiliation (Democrat, Republican, Independent). Which of the following would be appropriate for displaying these data?
a. Pie charts
b. Segmented bar chart.
c. Side by side bar chart.
d. Contigency table
Explanation:
It's most effective to use a contingency table because we have two variables here: 1) the responses, and 2) the party affiliation.
We can have the responses along the rows and the party affiliation along the columns, or vice versa.
See the example below. The values are completely random simply for the purpose of the example (and not drawn from any real life data source).
As per the given options, the appropriate for the displaying these data will be contingency table. Hence, option D is correct.
What is a Pie chart?A pie chart is a visual depiction of information in the shape of a pie, where the pieces of the pie represent the magnitude of the data. To depict data as a pie chart, you need a list of quantitative variables as well as categorical variables.
As per the given information in the question,
A contingency table in statistics is a particular kind of matrix-style table that shows the frequency of the variables. They are extensively utilized in scientific, engineering, business intelligence, and survey research.
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i’ll give brainliest to right answer please hurry
Answer:
Scientific notation uses exponential notation. When a number is written in scientific notation, the exponent tells you if the term is a large or a small number. A positive exponent indicates a large number and a negative exponent indicates a small number that is between 0 and 1.
Answer:
Look at the exponitial factor. If it is like 10^2 or like 10^10 the number is very big because it is raised to a very big power. Oppisitely, when it is rasied to a negative number, the number producted will have many decimal places. For example 10^-1 is literaly 0.1.
Step-by-step explanation:
Yes I got u
Because of high tuition costs at state and private universities, enrollments at community colleges have increased dramatically in recent years. The following data show the enrollment (in thousands) for Jefferson Community College for the nine most recent years.
Year Period (t) Enrollment (1,000s)
2001 1 6.5
2002 2 8.1
2003 3 8.4
2004 4 10.2
2005 5 12.5
2006 6 13.3
2007 7 13.7
2008 8 17.2
2009 9 18.1
Required:
a. What type of pattern exists in the data?
b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.
c. What is the forecast for year 10?
Answer:
a. A linear pattern exists in the data.
b. The parameters for the line that minimizes MSE for this time series are as folows:
ß1 = Estimated slope = 1.4567
ß0 = Estimated intercept = 4.7165
Also, we have:
MSE = Mean squared error = 0.4896
c. Forecast for year 10 is 19,280.
Step-by-step explanation:
a. What type of pattern exists in the data?
Note: See Sheet1 of the attached excel file for the line graph.
From the line graph, it can be observed that a linear pattern exists in the data.
b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.
Note: See Sheet2 of the attached excel file for all the calculations to obtain the following:
Sample size = 9
Total of X = 45
Total of Y = 108
Mean of X = Total of X / Sample size = 45 / 9 = 5
Mean of Y = Total of X / Sample size = 108 / 9 = 12
SSxx = Total of (X - Mean of X)^2 = 60
SSyy = Total of (Y - Mean of Y)^2 = 130.74
SSxy = Total of (X - Mean of X) * (Y - Mean of Y) = 87.40
Therefore, we have:
ß1 = Estimated slope = SSxy/SSxx = 87.4 / 60 = 1.4567
ß0 = Estimated intercept = Mean of Y – (ß1 * Mean of X) = 12 - (5 * 1.4567) = 4.7165
Therefore, the parameters for the line that minimizes MSE for this time series are as folows:
ß1 = Estimated slope = 1.4567
ß0 = Estimated intercept = 4.7165
Regression equation which also used in the attached excel is as follows:
Y = ß0 + ß1X =
Y = 4.7165 + 1.4567X …………………. (1)
SSE = Sum of squared error = Total of (Y - Y*)^2 = 3.4273
Therefore, we have:
MSE = Mean squared error = (SSE/(n-2)) = (3.4273 / (9 - 2)) = 0.4896
c. What is the forecast for year 10?
This implies that X = 10
Substitute X = 10 into equation (1), we have:
Y = 4.7165 + (1.4567 * 10) = 19.28
Since it is 1,000s, we have:
Y = 19.28 * 1,000 = 19,280
Therefore, forecast for year 10 is 19,280.
If m and n are positive integers and m^2 - n^2 = 9, which of the following could be the value of
n?
A) 1
B) 16
C) 9
D) 4
Answer:
4
Problem:
If m and n are positive integers and m^2 - n^2 = 9, which of the following could be the value of
n?
A) 1
B) 16
C) 9
D) 4
Step-by-step explanation:
One approach would be to plug in the choices and see.
If n=1, then we have m^2-1=9.
This would give m^2=10 after adding 1 on both sides. There is no integer m when squared would give us 10. ( Square root of 9 is a decimal )
If n=16, then we would have m^2-256=9.
This would give m^2=265 after adding 256 on both sides. There is no integer m when squared would give us 265. ( Square root of 265 is a decimal )
If n=9, then we would have m^2-81=9.
This would give m^2=90 after adding 81 on both sides. There is no integer m when squared would give us 90. ( Square root of 90 is a decimal )
If n=4, then we would have m^2-16=9.
This would give m^2=25 after adding 16 on both sides. There is an integer m when squared would give us 25. ( Square root of 25 is a 5)
If 5x = 3x+12 then x = …..
↦ [tex]\huge\underline{ \underline{Answer:-}}[/tex]
[tex]5x = 3x + 12 \\ 5x - 3x = 12 \\ 2x = 12 \\ x = \frac{12}{2} \\ x = 6[/tex]
ʰᵒᵖᵉ ⁱᵗ ʰᵉˡᵖˢ
꧁❣ ʀᴀɪɴʙᴏᴡˢᵃˡᵗ2²2² ࿐
Step-by-step explanation:
Explanation is in the attachmenthope it is h helpful to you
6/10 > _ > 1/3 which fraction goes in the blank?
Step-by-step explanation:
6/10 > _ > 1/3
3/5 > _ > 1/3
Taking the average of both the fraction½(⅗+⅓)
½(9+5/15)
½(14/5)
=7/15
6/10 > 7/15 > 1/3Answer:
7/15
Step-by-step explanation: 10 and 3 LCM is 30
6/10 x 3 =18/30 and 1/3x 10= 10/30
10/30 and 18/30 average is 14/30 which simplified is 7/15
The answer is 7/15
Hope it helps
find the equation of the line shown
Answer:
y=1/2x+1/2
Step-by-step explanation:
In order to find the slope, you can use rise/run, in this case, the slope is 1/2 and the y-intercept is at (0, 0.5)
In a box of chocolates, 12 of the chocolates are wrapped in red foil. That is 30% of the chocolates in the box. How many chocolates are there?
Answer:
The answer is 40 chocolates in the box in total
Each of these extreme value problems has a solution with both a maximum value and a minimum value. Use Lagrange multipliers to find the extreme values of the function subject to the given constraint.
(a) f (x, y) = x^2 - y^2; x^2 + y^2 = 1
Max of 1 at (plusminus 1, 0), min of - 1 at (0, plusminus l)
(b) f (x, y) = 3x + y; x^2 + y^2 = 10
Max of 10 at (3, 1), min of - 10 at (- 3, - 1)
(c) f (x, y) = xy; 4x^2 + y^2 = 8
Max of 2 at plusminus (1, 2), min of - 2 at plusminus (l, - 2)
Answer:
a) f(x,y) = - 1 minimum at P ( 0 ; -1 )
b) f (x,y) = 10 maximum at P ( 3 , 1 ) and f (x,y) = - 10 minimum at Q ( - 3 , - 1 )
c) Max f ( x , y ) = 2 for points P ( 1, 2 ) and T ( -1 , -2 )
Min f ( x , y ) = -2 for points Q ( 1 , - 2 ) and R ( -1 , 2 )
Step-by-step explanation:
A) f(x,y) = x² - y² subject to x² + y² = 1 g(x,y) = x² + y²- 1
δf(x,y)/ δx = 2*x δg(x,y)/ δx = 2*x
δf(x,y)/ δy = - 2*y δg(x,y)/ δy = 2*y
δf(x,y)/ δx = λ* δg(x,y)/ δx
2*x = λ*2*x
δf(x,y)/ δy = λ* δg(x,y)/ δy
- 2*y = λ*2*y
Then, solving
2*x = λ*2*x x = λ*x λ = 1
- 2*y = λ*2*y y = - 1
x² + y²- 1 = 0 x² + ( -1)² - 1 = 0 x = 0
Point P ( 0 ; -1 ) ; then at that point
f(x,y) = x² - y² f(x,y) = 0 - ( -1)² f(x,y) = - 1 minimum
b) f( x, y ) = 3*x + y g ( x , y ) = x² + y² = 10
δf(x,y)/ δx = 3 δg(x,y)/ δx = 2*x
δf(x,y)/ δy = 1 δg(x,y)/ δy = 2*y
δf(x,y)/ δx = λ * δg(x,y)/ δx ⇒ 3 = 2* λ *x (1)
δf(x,y)/ δy = λ * δg(x,y)/ δy ⇒ 1 = 2*λ * y (2)
x² + y² - 10 = 0 (3)
Solving that system
From ec (1) λ = 3/2*x From ec (2) λ = 1/2*y
Then (3/2*x ) = 1/2*y 3*y = x
x² + y² = 10 ⇒ 9y² + y² = 10 10*y² = 10
y² = 1 y ± 1 and
y = 1 x = 3 P ( 3 , 1 ) y = - 1 x = -3 Q ( - 3 , - 1 )
Value of f( x , y ) at P f (x,y) = 3*x + y f (x,y) = 3*(3) +1
f (x,y) = 10 maximum at P ( 3 , 1 )
Value of f( x , y ) at Q f (x,y) = 3*x + y f (x,y) = 3*(- 3) + ( - 1 )
f (x,y) = - 10 minimum at Q ( - 3 , - 1 )
c) f( x, y ) = xy g ( x , y ) = 4*x² + y² - 8
δf(x,y)/ δx = y δg(x,y)/ δx = 8*x
δf(x,y)/ δy = x δg(x,y)/ δy = 2*y
δf(x,y)/ δx = λ * δg(x,y)/ δx ⇒ y = λ *8*x (1)
δf(x,y)/ δy = λ * δg(x,y)/ δy ⇒ x = λ *2*y (2)
4*x² + y² - 8 = 0 (3)
Solving the system
From ec (1) λ = y/8*x and From ec (2) λ = x/2*y Then y/8*x = x/2*y
2*y² = 8*x² y² = 4*x²
Plugging that value in ec (3)
4*x² + 4*x² - 8 = 0
8*x² = 8 x² = 1 x ± 1 And y² = 4*x²
Then:
for x = 1 y² = 4 y = ± 2
for x = -1 y² = 4 y = ± 2
Then we get P ( 1 ; 2 ) Q ( 1 ; - 2)
R ( - 1 ; 2 ) T ( -1 ; -2)
Plugging that values in f( x , y ) = xy
P ( 1 ; 2 ) f( x , y ) = 2 R ( - 1 ; 2 ) f( x , y ) = - 2
Q ( 1 ; - 2) f( x , y ) = -2 T ( -1 ; -2 ) f( x , y ) = 2
Max f ( x , y ) = 2 for points P and T
Min f ( x , y ) = -2 for points Q and R
the time it takes a runner to complete a race is inversely related to the speed of the runner if a runner can complete a race in 40 minutes while running at 8 mph how long will it take the runner to complete the race running at 9 mph t
A papaya is accidentally dropped from a bridge, which is 30 m above the water. Ignoring air resistance, the papaya's speed just before it hits the water will be __________ m/s.
Answer:
24 .30ms is the answer I think so if the answer is correct plz mark me as brainliest.
The papaya's speed just before it hits the water will be 24.24 m/s.
What is speed?The rate at which objects moves is called speed. It is given by
[tex]s = \frac{d}{t}[/tex]
An object held above the ground has a potential energy related to the height at which it is held,
PE = mgh
If you drop the object, its potential energy will become the kinetic energy of motion:
KE = ½ mv²
½ mv² = mgh
v = √(2gh)
v = √(2*9.8*30)
v = 24.24 m/s
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Ben starts walking along a path at 3 mi/h. One and a half hours after Ben leaves, his sister Amanda begins jogging along the same path at 7 mi/h. How long (in hours) will it be before Amanda catches up to Ben?
Enter the exact answer.
Hint: The distance formula is that distance = rate * time, so for example in one and a half hours, Ben has walked 3 * 1.5 miles.
Amanda catches up to Ben in ____________ hours.
Answer:
1.125 hours
Step-by-step explanation:
Given :
Ben's speed = 3 mi/hr
Time before Amanda starts = 1.5 hours
Amanda's speed = 7 mi/hr
Time before Amanda catches up with Ben
Recall :
Distance = speed * time
Distance already covered by Ben before Amanda starts :
(3 * 1.5) = 4.5
Hence, we can setup the equation :
Ben's distance = Amanda's distance
Let time taken = x
4.5 + 3x = 7x
4.5 = 7x - 3x
4.5 = 4x
x = 4.5 / 4
x = 1.125 hours
1.125 * 60 = 67. 5 minutes
______are used to represent an unknown quantity in a mathematical expression.
Answer:
Variables are used to represent an unknown quantity in a mathematical expression.
Step-by-step explanation:
Variables are used to represent an unknown quantity in a mathematical expression.For example : x + 2 = 4, here x is the variable.We can denote variable by any alphabet i.e, a,b,c,d etc.SOMEONE PLS HELP ME I WILL MAKE U BRAINLIST ! In a survey sample of 83 respondents, about 30.1 percent of the samplework less than 40 hours per week. What is the estimated standard error for the group of respondents who work 40 hours or more per week?
(*round to two decimal places)
Answer:
Answer = √(0.301 × 0.699 / 83) ≈ 0.050
A 68 percent confidence interval for the proportion of persons who work less than 40 hours per week is (0.251, 0.351), or equivalently (25.1%, 35.1%)
Step-by-step explanation:
√(0.301 × 0.699 / 83) ≈ 0.050
We have a large sample size of n = 83 respondents. Let p be the true proportion of persons who work less than 40 hours per week. A point estimate of p is because about 30.1 percent of the sample work less than 40 hours per week. We can estimate the standard deviation of as . A confidence interval is given by , then, a 68% confidence interval is , i.e., , i.e., (0.251, 0.351). is the value that satisfies that there is an area of 0.16 above this and under the standard normal curve.The standard error for a proportion is √(pq/n), where q=1−p.
Hope this answer helps you :)
Have a great day
Mark brainliest
Assume that 300 births are randomly selected and 5 of the births are girls. Use subjective judgment to describe the number of girls as significantly high, significantly low, or neither significantly low nor significantly high.g
Answer:
Following are the response to the given choice.
Step-by-step explanation:
Please find the complete question in the attached file.
Subjective opinion = Question of opinion.
Therefore this requires only just opinion and we don't have to do any actual calculations.
Does this seem like a great number of girls, a little number of girls, or a decent number of girls to you but if 1,300 babies were born, 5 of whom were females?
This is a small number of beautiful gals, in my honest opinion. We anticipate boys and girls to be produced about the very same frequency, thus I expect some half of them to be females if there are 1 300 newborns. You should have roughly 650 girls if 50% of the infants are girls, but now we only have five. That appears to me to be considerably low. which is your own opinion.
convert 65 kg into gram .
Answer:
65000
Step-by-step explanation:
65x 1000
1000 because 1kg= 1000
Find the equation and check answer of (−8x=−2x−8)
Answer:
x = 4/3
Step-by-step explanation:
you need to move -8x to the right side.0=6x-8then, you need to move -8 to the left side.8=6xyou can get answer!x = 4/3
Can you help me figure out this question I’ve been stuck on this for 20 minutes
Step-by-step explanation:
[tex]\dfrac{2x^2+x-6}{x+x-6} = \dfrac{(2x-3)(x+2)}{2(x-3)}[/tex]
Young invested GH150,000 and 2.5% per annum simple interest. how long will it take this amount to. yield an interest of GH11,250,00
Answer: 3 years
Step-by-step explanation:
Interest is calculated as:
= (P × R × T) / 100
where
P = principal = 150,000
R = rate = 2.5%.
I = interest = 11250
T = time = unknown.
I = (P × R × T) / 100
11250 = (150000 × 2.5 × T)/100
Cross multiply
1125000 = 375000T
T = 1125000/375000
T = 3
The time taken will be 3 years
