James borrows $4,200 to pay his college tuition. He signs a 5-year simple interest loan. If the monthly payments are $78.40, what is the interest rate on the loan? Please give a detailed answer and explanation. Thank you!

Asample of 200 rom computer chips was selected on each of 30 consecutive days, and the number of nonconforming chips on each day was as follows: the data has been given so that it can be copied into r as a vector. non.conforming = c(10, 15, 21, 19, 34, 16, 5, 24, 8, 21, 32, 14, 14, 19, 18, 20, 12, 23, 10, 19, 20, 18, 13, 26, 33, 14, 12, 21, 12, 27) #construct a p chart by using the following code. you will need to enter your values for pbar, lcl and ucl. pbar = lcl = ucl = plot(non.conforming/200, ylim = c(0,.5)) abline(h = pbar, lty = 2) abline(h = lcl, lty = 3) abline(h = ucl, lty = 3)