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Rufina [12.5K]
3 years ago
13

Michelle wants to borrow $2000. She has two options. Option 1 - she can borrow $2000 for 3 years at 7%. Option 2 - she can borro

w $2000 for / years at 11%. Which loan will cost more?
Mathematics
1 answer:
Assoli18 [71]3 years ago
3 0

Answer:

Option 1

Step-by-step explanation:

To find which will cost more, we need to know the amount of interest that will be on each loan

To get this, we use the general formula

I = PRT/100

Where P is the principal I.e $2,000 in both cases, R is the interest rate and T is the time.

We proceed as follows. For the first option

I = (2000 * 7 * 3)/100 = $420

For the second option

I = (2,000 * 1 * 12)/100 = $240

Option 1 is definitely more costly

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A pencil case has 10 blues and 5 reds what is the chance of picking red? ​
Firdavs [7]

Answer:

5/15 or 33%

Step-by-step explanation:

10+5= 15 5/15=33%

4 0
4 years ago
A common practice of airline companies is to sell more tickets for a particular flight than there are seats on the​ plane, becau
Serga [27]

Answer:

0.0159

Step-by-step explanation:

Given that a common practice of airline companies is to sell more tickets for a particular flight than there are seats on the​ plane, because customers who buy tickets do not always show up for the flight.

Here if X is the no of persons that do not show up, then X is binomial as each trial is independent with p = 0.04 and n =150 (no of tickets sold)

The plane is overbooked if more than 150 show up

i.e. less than 2 do not show up

Hence  the probability that the airline overbooked this​ flight

=P(X

4 0
3 years ago
Find the equation in standard form of the line with slope
Serhud [2]
\bf \begin{array}{lllll}
&x_1&y_1\\
%   (a,b)
&({{ 5}}\quad ,&{{ 7}})
\end{array}
\\\\\\
% slope  = m
slope = {{ m}}= \cfrac{rise}{run} \implies \cfrac{7}{2}
\\\\\\
% point-slope intercept
\stackrel{\textit{point-slope form}}{y-{{ y_1}}={{ m}}(x-{{ x_1}})}\implies y-7=\cfrac{7}{2}(x-5)\implies y-7=\cfrac{7}{2}x-\cfrac{35}{2}
\\\\\\
y=\cfrac{7}{2}x-\cfrac{35}{2}+7\implies \stackrel{standard~form}{-\cfrac{7}{2}x+y=-\cfrac{21}{2}}
3 0
3 years ago
In a right triangle, one of the non-right angles is 73 degrees. What is the measure of the other non-right angle?
Xelga [282]
The sum of all angles in a triangle has to be 180 so

180-90-73=17

The other non right angle is 17
3 0
3 years ago
Three airports have a total of
eimsori [14]

Answer:

  1. 76.7 million
  2. 89.1 million
  3. 75 million

Step-by-step explanation:

Let x represent the arrivals and departures at the third airport. Then the number at the first airport is x+1.7, and the number at the second airport is x+14.1. The total is ...

  (x+1.7) + (x+14.1) + (x) = 240.8

  3x +15.8 = 240.8

  3x = 225

  x = 75

  x+1.7 = 76.7

  x+14.1 = 89.1

The first airport has 76.7 million arrivals.

The second airport has 89.1 million arrivals.

The third airport has 75 million arrivals.

8 0
3 years ago
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