Answer:
3 : 8
Step-by-step explanation:
cross multiply
8x = 3y
x = 3/8
x : y = 3 : 8
Which fraction is equivalent to 3/-5
1 answer:
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Answer:
Is that your answer
Answer:
<em>The car will worth $15815 after 5 years.</em>
Step-by-step explanation:
The formula is: , where P = Initial cost, A = Final cost, r = Rate of change in cost per year and t = Number of years.
Here,
and
As here the <u>value of the car depreciates every year, so we need to plug the value of as negative</u>. So,
Now plugging the above values into the formula, we will get.....
<em>(Rounded to the nearest dollar)</em>
So, the car will worth $15815 after 5 years.
Answer:
The effective interest rate, rounded to the nearest tenth, is 0.1%.
Step-by-step explanation:
The banker's rule is the simple interest formula.
The simple interest formula is given by:
In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly) and t is the time, in years.
The effective interest rate is given by the following formula:
.
In this problem, we have that:
A man makes a simple discount note for $6,200, at an ordinary bank discount rate of 8.84%, for 40 days. We consider that the year has 360 days. This means that .
So
The effective interest rate is
The effective interest rate, rounded to the nearest tenth, is 0.1%.