Answer:
y = 4x + 48
Step-by-step explanation:
Slope intercept form: y = mx + b
y - 8 = 4x + 40
y = 4x + 48
First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
3351/500 = 6.702
296 times 6.702 is 1983.79
Answer is 1984
Simple way of finding the decimal value : -
=> 46/200
Divide numerator and denominator by 2
=23/100
As 100 is in denominator, shift decimal by 2, i.e
= 0.23
Answer = 0.23
Answer:
$3960
Step-by-step explanation:
12% of $4,500 is 540.
Subtracting the 12% means taking away $540 from $4,500, which gives you $3960
