Answer:
the repayment amount would be $1,800.
he pays 300 dollars more than he borrowed.
he pays 2.7% each month to repay what he borrowed.
Step-by-step explanation:
150 x 12 = 1,800.
150% of 1,800 = 2.7%
hope this helps!
Answer:
Step-by-step explanation:
The formula representing the the annual inflation rate r is expressed as
r = (F/P)1/n−1
Where
n represents the the number of years during which the value increases from P to F
A farm increases in value from $800,000 to $1,100,000 over a period of 6 years. This means that
P = $800,000
F = $1,100,000
n = 6
Therefore,
r = (1100000/800000)1/6−1
r = 1.375/5 = 0.275
Answer:
IM GUESSING THE SECOND ONE
Step-by-step explanation:
Answer:
3/2
Step-by-step explanation:
First, let's simplify the given equation to make it easier to see the gradient (slope).
2y = 3x - 4 (Given)
y = 3/2x - 2 (Divided 2 on both sides)
Now, we can see that the gradient of the given line is 3/2. Since line AB is parallel to the given line, it will have the same gradient. Therefore, line AB's gradient is 3/2.
