Answer:
A. $7.17
Step-by-step explanation:
We have been given that a mechanic uses his credit card to pay for a compressor that costs $477.95 and does not pay on it until the second month.
We will use compound interest formula to solve our given problem.
where,
A = Final amount after T years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Periods of compounding,
T = Time in years.
Let us multiply our given rate by 12 to get APR and convert it in decimal form.



Since 1 year equals 12 months, so 1 month will be 1/12 year.
Upon substituting our given values in above formula we will get,




Now let us subtract principal amount from the final amount to get the monthly interest charge at the end of 1st month.


Therefore, the monthly interest charge be at the end of the first month will be $7.17 and option A is the correct choice.
Answer: 47.06
Step-by-step explanation: math
Answer: Leanna ran 39.96 miles before she was passed by Irina.
Step-by-step explanation:
When Irina would pass Leanna, they would have ran the same distance.
Let t represent the time that Leanna ran before she was passed by Irina.
Distance = speed × time
Leanna started in group E and ran at a rate of 4.8 miles per hour. The distance ran by Leanna before she was passed by Irina is
4.8 × t = 4.8t
During the race she was passed by Irina who ran at a rate of 5 miles per hour and started in group H, 20 minutes(20/60 = 0.333 hour) after Leanna started. The time spent by Irina in running this distance is
t - 0.333
Distance ran by Irina is
5(t - 0.333) = 5t - 1.665
Since they ran the same distance, then
4.8t = 5t - 1.665
5t - 4.8t = 1.665
0.2t = 1.665
t = 1.665/0.2 = 8.325 hours
Therefore, the distance that Leanna ran before she was passed by Irina is
4.8 × 8.325 = 39.96 miles
Step-by-step explanation:
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Answer:
39
Step-by-step explanation:
