Answer: $1.50
Step-by-step explanation:
Cost price of watermelon = $1.25
Profit percent = 20%
Profit = Profit percent × Cost price
= 20% × $1.25
= 20/100 × $1.25
= 0.2 × $1.25
= $0.25
Selling price = Cost price + Profit
Selling price = $1.25 + $0.25
Selling price = $1.50
They should charge $1.50 for the watermelons
Answer:
240 miles
Step-by-step explanation:
Step 1
We find the constant rate at which the family travels
Speed(Rate) = Distance/Time
A Family travels at a constant rate and drove 420 miles in 7 hours.
Speed(Rate) = 420 miles/7 hours
= 60 miles per hour
Step 2
If they drive at the same speed ,How many miles will they drive in the next four hours.?
We are to finally calculate the distance for the next 4 hours
Distance = Speed × Time
Speed = 60 miles per hour
Time = 4 hours
Distance = 60 miles per hour × 4 hours
Distance = 240 miles
Therefore, for the next 4 hours the number of miles they would drive is 240 miles
Answer:
Step-by-step explanation:
Answer:
$1783.03
Step-by-step explanation:
Annually compounding interest formula:
PV(1+i)ⁿ
1500(1+.025)⁷
1500(1.025)⁷
1783.028631
which rounds to
1783.03
Hello! For these kinds of problems, the formula for finding the principal is I / rt. That means, divide the simple interest by the rate and time (rate should be in decimal form). In order to find simple interest, just do prt, which means multiply the principal (initial amount) by the rate (simple interest rate, in decimal form) by the amount of time (could be in months or years). With that being said, if you solve it correctly, here are your answers:
Principal: $14,181
Interest rate: 10%
Time: 4 years
Simple Interest: $5,672.40
Principal: $83,079
Interest rate: 9%
Time: 2 years
Simple Interest: $14,954.22
Principal: $659,379.96
Interest rate: 11.7%
Time: 28 months
Simple Interest: $179,753.57
Principal: $18,936
Interest Rate: 2.41%
Time: 3 Months
Simple Interest: $114.09
Note: If the time is in months, be sure to convert it into a decimal and multiply. If a decimal repeats, just convert it to the nearest hundredth.
