The final price is $ 40
<em><u>Solution:</u></em>
A store in Minnesota advertises that on a holiday, everything is 20% off
Discount = 20 %
A person buys shoes for $40 and socks for $10
<em><u>Therefore, Total price before discount is given as:</u></em>
Total price = 40 + 10 = 50
Therefore,
Total price before discount = $ 50
Discount = 20 %
Therefore, discount price is 20 % of 50
Thus the discount price is $ 10
<em><u>Final price is given as:</u></em>
Final price = Total price before discount - discount price
Final price = 50 - 10 = 40
Thus the final price is $ 40
Answer:
$13,000 at 7% and $12,000 at 4%
Step-by-step explanation:
Use formula:
where
I = interest,
P = principal,
r = rate (as decimal),
t = time (in years)
<u>7% rate:</u>
P = $x
r = 0.07
t = 1 year
Then
<u>4% rate:</u>
P = $(25,000 - x)
r = 0.04
t = 1 year
Then
If he receives an annual return of $1,390, then
so
Answer:
C
Step-by-step explanation:
I plugged the equation into my graphing calculator, and was given the answer 7.