Answer:
(m+8) - 2
Step-by-step explanation:
Answer:
This question requires a comparison between two different variables 6% and 16% values. If we let x=$ loaned on 6% loans and y=$ loaned on 16% loans, then we can relate two equations.
0.06x + 0.16y = $1500 --> referencing the interest earned from each percentage loaned.
x + y = $16000 --> referencing the total amount of money loaned out.
Rearrange either equation and substitute for a value in the other equation or use elimination to determine each individual variable.
Step-by-step explanation:
Answer:
As shown in the attachment,
Step-by-step explanation:
Answer:
3.23%
Step-by-step explanation:
The rate is acquired from 1100 = (1+r)^3 *1000. then r is equal to 3.23%.
