Answer:
$360
Step-by-step explanation:
If the company charges $30 for $500 in one month.
The interest they will be changing for a year = 30*12 = $360 interest.
It's just simple, multipling the the interest value by 12 to get it's annual interest value.
Answer:
c. ![\frac{1}{12n} = {[12n]}^{-1}](https://tex.z-dn.net/?f=%5Cfrac%7B1%7D%7B12n%7D%20%3D%20%7B%5B12n%5D%7D%5E%7B-1%7D)
Step-by-step explanation:
![[\frac{1}{4}][\frac{2}{5}][\frac{1}{2}][\frac{4}{7}][\frac{5}{8}][\frac{2}{3}][\frac{7}{n}] = \frac{560}{6720n} = [12n]^{-1} = \frac{1}{12n}](https://tex.z-dn.net/?f=%5B%5Cfrac%7B1%7D%7B4%7D%5D%5B%5Cfrac%7B2%7D%7B5%7D%5D%5B%5Cfrac%7B1%7D%7B2%7D%5D%5B%5Cfrac%7B4%7D%7B7%7D%5D%5B%5Cfrac%7B5%7D%7B8%7D%5D%5B%5Cfrac%7B2%7D%7B3%7D%5D%5B%5Cfrac%7B7%7D%7Bn%7D%5D%20%3D%20%5Cfrac%7B560%7D%7B6720n%7D%20%3D%20%5B12n%5D%5E%7B-1%7D%20%3D%20%5Cfrac%7B1%7D%7B12n%7D)

* To make this simpler, reduce these two fractions in lowest terms.
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The x=y
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