Days before a presidential election, an article based on a nationwide random sample of registered voters reported the following statistic, 52% (plus or minus±3%) of registered voters will vote for robert smith. what is the plus or minus±3% called

Margin of error

It means we know that the percentage of people that would vote for Robert Smith could be 49% in the worst case and 55% in the best case

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.