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telo118 [61]
3 years ago
11

A bank gives a special loan rate to the city’s non-profit pet shelter. The shelter borrows $7,500 to install new heat pumps in t

he reptile cage area. The shelter’s 24 monthly payments are $330. What total amount of interest does the shelter pay back to the bank? What is the average annual percentage rate for this loan?
Mathematics
1 answer:
Julli [10]3 years ago
8 0

Answer:


she has to payback the bank 7,920 but she borrowed 7,500 so the amount of interest is 420 dollars because thats how much she needs to pay more.

per month she pays 330.

i guess that is 330 percent of 7,920 idk.

Step-by-step explanation:

330 x 24 = 7,920.

7,920-7,500 = 420

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True or false and why: if a and b are irrational, then a^b is irrational
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Is rolling a 3 standard doe and then rolling a sum greater than 4 when counting the next roll an independent event?
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Answer:

False

Step-by-step explanation:

In this question, you roll 3 from the standard die and then add it with the next roll to see if the sums are greater than 4.

From this explanation you can see that you use the result from your first roll for the second event, so we can conclude that the event is dependent.  

Imagine if we change the result of the first roll into 5, without adding the second roll we can know that the sum will be greater than 4. The first event result will influence the second event, so it is a dependent event.

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3 years ago
A salesperson is paid a flat rate plus a fixed percentage of her sales. Last month, she sold $16,000 worth of goods and was paid
Feliz [49]

Answer:

<em>She will be paid $1,350</em>

Step-by-step explanation:

<u>Linear Modeling</u>

Some events can be modeled as linear functions. If we are in a situation where a linear model is suitable, then we need two sample points to make the model and predict unknown behaviors.

The linear function can be expressed in the slope-intercept format:

y=mx+b, where m and b are constants.

The payments for a salesperson will be linearly modeled. There are two known points: When the sales were $16,000, the payment was $1,600. This makes the point (16,000;1,600).

We also know when the sales were $12,000, the payment was $1,400. The point is (12,000;1,400)

Let's use the points to find the values of m and b.

Using (16,000;1,600):

1,600=m*16,000+b

Using (12,000;1,400):

1,400=m*12,000+b

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200=4,000m

Solving:

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1,600=0.05*16,000+b

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Solving:

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The equation is now complete:

y=0.05x+800

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y=0.05\cdot 11,000+800

Y=550+800=1,350

She will be paid $1,350

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