5y = 4x + 20
- 4x + 5y = 20
Answer:
15 times 2 - 26 = x
Step-by-step explanation:
Warren drives half the distance Kendall drives to work. Kendall drives 26 more miles to work than Joe. Warren drives 15 miles. Write an equation that models this situation. Use x to represent the number of miles Joe drives to work.
W X 1/2 = K
K - 26 = J
so 15 times 2 - 26 = x
Answer: $112.50 ; $4612.5
Step-by-step explanation:
a) Determine how much interest Christine paid at the end of 1 year.
This will be:
Simple interest = PRT/100
where
P = principal = $4500
R = rate = 2.5%
T = time = 1 year
Interest = (4500 × 2.5 × 1)/100
= 11250/100
= $112.50
b) Determine the total amount Christine will repay the bank at the end of 1 year.
Total amount = Principal + Interest
= $4500 + $112.50
= $4612.5
The correct option is that A. Luis is eligible for a home loan; he meets all of the requirements.
<h3>How to depict the information?</h3>
From the information, the monthly income will be:
= $91500/12
= $7625
The loan payment as a percentage will be:
= 2100/7625
= 27.54%
Since this is less than 28%, then Luis is eligible for a home loan; he meets all of the requirements.
Learn more about loan on:
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Answer:
5.5%
Step-by-step explanation:
Given data
Simple interest = $137.50
Principal= $500
time = 5 years
We want to find the rate R
Simple interest= PRT/100
137.50 = 500*R*5/100
137.50=2500R/100
cross multiply
137.5*100= 2500R
13750= 2500R
divide both sides by 2500
R= 13750/2500
R=5.5%
Hence the rate is 5.5%
