Statistics and Simple Interest Problems
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Questions and Answers

What is the value of z when x = 22, given that the mean is 25 and the standard deviation is 2.0?

z = (22 - 25) / 2.0 = -1.5

What is the value of x when z = 1.0, given that the mean is 25 and the standard deviation is 2.0?

x = 25 + (1.0 * 2.0) = 27

What is the simple interest rate offered by ABC Bank for loans payable in 3 years?

5%

If you loan an amount of Php23,000 from ABC Bank, how much interest will you earn within the payable duration of the loan?

<p>Php23,000 * 5% * 3 years = Php3,450</p> Signup and view all the answers

If you loan an amount of Php23,000 from ABC Bank, how much is the total amount you are going to pay in the bank?

<p>Php23,000 + Php3,450 = Php26,450</p> Signup and view all the answers

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