Given that Juan Solez, a prominent painter, takes out a simple discount note for one year from River National Bank for $5,000.
Annual rate of interest on that amount is 8%.
Now we have to find about what is the amount of the discount and the proceeds.
Amount of discount will be just 8% of 5000
0.08 ( 5000 )= $400
Proceeds will be difference of original amount and discount so that will be 5000-400= $4600
Answer:
y = 0.9x - 0.8
Step-by-step explanation:
First you use the formula m = (y2-y1) / (x2-x1)
Sub in the 2 points you are given and you get m = (-8-1) / (-8-2)
m = -9/-10 = 9/10
Now u use the point slope formula, (y - y1) = m(x - x1)
Sub in the points and you get (y - 1) = 9/10 (x-2)
Expand it out to get y - 1 = 9/10x - 18/10
multiple everything by 10 = 10y - 10 = 9x -18
make y the subject, 10y = 9x - 8
y = 0.9x - 0.8
The discounted price for milk is $3.35
Answer:I believe it is D I’m taking the same test to
Step-by-step explanation:
Answer:
no
Step-by-step explanation:
