Thompson Alberts purchased a pack of 12 pencils for $4.99. What is the unit price per pencil rounded to the nearest tenth of a c
2 answers:
Answer:
Unit price of a pencil is $0.4
Step-by-step explanation:
Thompson purchased a pack of 12 pencils for $4.99.
We have to calculate the unit price of price.
We can calculate the unit price of a pencil by dividing the total price of one pack by total number of pencils in a pack.
Unit price of a pencil =
=
= $0.4158
≈ $0.4
Therefore, unit price of a pencil is $0.4
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Answer:
Given: Principal(P) = $ 5000 , T = 3.5 years and R = 5%.
Using the formula of Simple Interest (I) given by;
.......[1] , where P is the Principal amount of money to be invested, R be the rate of interest and T be the time.
Substitute the given values of P , R and T in [1] we have;
Simplify:
An Ending balance is calculated by subtracting cash outflows, interest paid for financing and principal paid on financing.
Ending Balance = $ 5000 + $ 175 = $ 5,175.
Therefore, the ending balance is $ 5,175