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LenaWriter [7]
1 year ago
6

Shen took out a loan for 7600 that charges an annual interest rate of 8.2%, compounded monthly. Answer each part

Mathematics
1 answer:
velikii [3]1 year ago
5 0

Step 1

Given;

\begin{gathered} P=7600 \\ r=\frac{8.2}{100}=0.082 \\ t=1 \end{gathered}

Step 2

A) she will owe

\begin{gathered} A=P(1+\frac{r}{n})^{nt} \\ A=7600(1+\frac{0.082}{12})^{12\times1} \\ A=\text{ \$}8247.16 \end{gathered}

B) The effective annual rate is given as;

\begin{gathered} R=(1+\frac{i}{n})^n-1 \\ R=[(1+\frac{0.082}{12})^{12}-1]\times100 \\ R=0.08515\times100=8.515\text{\%} \\ R\approx8.52\text{\%} \end{gathered}

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What is the slope of the line y = − 4?
Archy [21]

Answer:

0

Step-by-step explanation:

the equation describes a horizontal line with a y-intercept of -4. as the line is horizontal, the slope is 0. The slope is 0 and the y-intercept is -4.

8 0
3 years ago
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RideAnS [48]

Answer:

See below

Step-by-step explanation:

I see the term 2x being repeated 5 times, and repeated addition is multiplication, so we can do 5(2x) to get 10x, and we can set that equal to 11 to get 10x=11. Dividing both sides by 10 gets us x=11/10 or x=1.1

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Show questions
cupoosta [38]

Answer:

The cost is a fixed $2, plus $3.25 for any additional hour.

Then if you rent it for x hours, the cost is:

c(x) = $2 + $3.25*x

Is this situation continuous or discrete?

Yes, it is discrete, because x is "the number of hours"

so if you rent it for 1.30 hours, they will say "ok, this is equivalent to two hours".

This means that while the values of x are continuous, the possible costs are:

{$2, $2 + $3.25, $2 + 2*$3.25, ....}

Which is a discrete set.

Then the sign for 1 to 5 hours will be:

1 hour ---------- $2 + $3.25 = $5.25

2 hours -------- $2 + 2*$3.25 = $8.50

3 hours--------- $2 + 3*$3.25 = $11.75

4 hours--------- $2 + 4*$3.25 =  $15

5 hours -------- $2 + 5*$3.25 = $18.25

In the other park the cost is only $4 for each hour (no fixed cost) then the total cost for x hours is:

c(x) = $4*x

Now, which option is better?

If we look at the costs for different numbers of hours for this other equation, we have:

1 hour ----- $4

2 hours ---- 2*$4 = $8

3 hours ----- 3*$4 = $12

4 hours ------ 4*$4 = $16

Then: if you want to skate 2 hours or less, Skate City is cheaper, if you want to skate more than that, kate Days is cheaper.

This happens because the first one has a smaller slope, meaning that is larger at first, but as x grows the price does not grow as much as in Skate City

7 0
3 years ago
Witch one should i pick? please help me.
s2008m [1.1K]

Answer:

A

Step-by-step explanation:

The rectangle has an area of 30ft^2

Each triangle has an area of 25ft^2

25+25+30=80

6 0
3 years ago
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