1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sineoko [7]
3 years ago
15

Miguel Rodriguez borrowed $500 from his brother Julio to pay for books and tuition. He agreed to pay back in 6 months with simpl

e interest at 6.2. How much will the interest amount to? What amount must Miguel pay Julio at the end of 6 months?
Mathematics
2 answers:
Leya [2.2K]3 years ago
5 0

Answer:

Interest amount to $15.5.

Miguel must pay $515.5 Julio at the end of 6 months.

Step-by-step explanation:

Given :Miguel Rodriguez borrowed $500.

           He agreed to pay back in 6 months with simple interest at 6.2.  

To Find :How much will the interest amount to? What amount must Miguel pay Julio at the end of 6 months?

Solution:

Principal (P)= $500

Rate of interest(R)= 6.2%

Time= 6 months = 0.5 years

Formula : SI = \frac{P \times R \times T}{100}

SI = \frac{500 \times 6.2 \times 0.5}{100}

SI = 15.5

So,the interest amount to $15.5

Amount = Principal +Interest

Amount = $500+$15.5

Amount = $515.5

So, Miguel must pay $515.5 Julio at the end of 6 months.

dolphi86 [110]3 years ago
3 0

he will pay $31 in interest after 6 months so after 6 months he will pay $531

You might be interested in
HELP ME ASAP!!!!!!!!!!
gtnhenbr [62]

Answer:

Step-by-step explanation:

Part A: 15

Part B: $125

7 0
3 years ago
How do you tell a triangle is not a right triangle
garri49 [273]
You can tell when you cant draw an even L shaped figure at the intersects of the bottom and the side. 90 degrees. But there are many different ways that may make more sense. Happy to help:)
7 0
3 years ago
Read 2 more answers
A 6000​-seat theater has tickets for sale at ​$25 and ​$40. How many tickets should be sold at each price for a sellout performa
Lena [83]

Step-by-step explanation:

Let x be the amount of tickets sold for $25 and y be the amount of tickets sold for $40, since there are 6000 seats theatre then;

x+y = 6000 .............. 1

If x tickets cost $25 and y tickets are sold for $40 with total revenue of ​$174,000, then;

25x + 40y = ​174,000................ 2

From 1, x = 6000-y ............ 3

Substitute equation 3 into 2:

25x + 40y = ​174,000.

25(6000-y) + 40y = ​174,000

150,000-25y + 40y = 174,000

150,000+15y = 174,000

15y = 174,000-150,000

15y = 24,000

y = 24,000/15

y = 1600

Substitute y = 1600 into equation 3:

x = 6000-y

x = 6000-1600

x = 4400

<em>Hence 4400 $25 tickets and 1600 $40 tickets must be sold to generate a revenue of $174,000</em>

4 0
3 years ago
Mai will rent a car for the weekend. She can choose one of two plans. The first plan has an initial fee of $59.96 and costs an a
juin [17]

Answer:

600 miles.

Step-by-step explanation:

So basically we can write both plans as linear functions:

F(x) = $59.96+$0.14 . x

S(x) = $71.96+$0.12 . x

Where F(x) is the first plan, S(x) is the second one and X are the miles driven.

To know how many miles does Mai need to drive for the two plans to cost the same, we equalize both equations and isolate x.

F(x) = S (x)

$59.96+$0.14.x = $71.96+$0.12.x \\0.14x-0.12x=71.96-59.96\\0.02x=12\\x=12 : 0.02\\x= 600

Mai has to drive 600 miles for the two plans to cost the same-

4 0
3 years ago
What principle will amount to $6000 if invested at 5.5% compounded monthly for 10 years?
Tju [1.3M]

Answer:In 10 years, you will have $10,386.46

Step-by-step explanation:

8 0
2 years ago
Other questions:
  • Simplify the expression 4x(2x2 − 7x + 3).<br> This one is killing me..
    12·1 answer
  • 3^(x−1) = 27<br> please and thank you in advance
    8·2 answers
  • Other than airfare and ground travel, what are some other expenses to consider while travelling?
    10·2 answers
  • URGENT EXPLANATION Solve the Inequality
    14·1 answer
  • Plz help but can u be specific just say numbers 1,2,3, or 4 plz and thank u
    11·1 answer
  • Please help me with percent change and proportions im rlly suck and im on a time limit
    5·1 answer
  • Solve the equation to find a positive value of c:<br> 62 + 82 = c2
    13·2 answers
  • Which equation describes a function that is NOT linear?
    5·1 answer
  • You and your friend go out to dinner The cost of your meal is 12.75, your friend's meal is 13.95. You tell your friend that you
    13·1 answer
  • What is the value of z in the equation 3z 5 = 4z − 8? −13 −1 1 13.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!