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3 years ago

What is the simple interest on $360 borrowed for 30 months at 12.3%? (PLEASE EXPLAIN)

2 answers:

7 0

Hello there! I can help you! The formula for simple interest is prt. We multiply the principal (inital amount) by the interest rate (in decimal form) by the time (could be in months or years). For this expression, our principal is $360. The interest rate is 12.3% (0.123 in decimal form). We will multiply those two numbers first. 360 *12.3% is 44.28. That's $44.28 in interest per year, but we're not done. Now, we multiply that by the amount of time, which is 30 months. In this case, we will convert that to years. 30/12 is 2.5. That is 2.5. We will multiply the interest by 2.5. 44.28 * 2.5 is 110.7. There. The simple interest is $110.70.

DanielleElmas [232]3 years ago

5 0

Interest = principal * rate * time / 100 = 360 * 12.3 * 2.5 / 100 (Note 30 months = 2.5 years)

Answer is $110.70

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The constant of proportionality for this relationship is

Vera_Pavlovna [14]

Answer: The constant of proportionality is 1.5

Step-by-step explanation:

The equation for constant of proportionality is y=KX. the K stands for the constant of proportionality and since the constant proportionality is 1.5 you will take 1.5 * x and for example x is 2 so you do 1.5 * 2 and you get 3 and 3 is your y. If you plug in the equation you're saying 3 equals 1.5 * 2 which is right.

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3 years ago

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I dont understand how to simplify an expression with exponents

Mashutka [201]

Answer:

3^4

Step-by-step explanation:

Simplifying an expression with expression with exponents:

If they are dividing, we keep the base and subtract the exponents. For example:

$\frac{a^x}{a^y}=a^{x-y}$

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$\frac{3^2}{3^{-2}}=3^{2-(-2)}=3^{2+2}=3^4$

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1 year ago

These are two similar triangles.<br> What does x equal?

tangare [24]

Answer:

112

Step-by-step explanation:

So, we know that a triangle's sides must add up to have a sum of 180. If you add up your given lengths and you should get 47, not including x. Then if you look at the left side/the one without a given length and it should be identical to the 21, so you know that side is 21. So now add 21 to 47, you should get 68. Finally, you subtract 68 from 180 like this: 180-68, and it should equal 112. So you're answer is 112.

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2 years ago

Determining Cost of Land

irakobra [83]

The complete question is:

On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $90,000 in cash and giving a short-term note for $50,000. Legal fees paid were $1,750, delinquent taxes assumed were $25,000, and fees paid to remove an old building from the land were $9,000. Materials salvaged from the demolition of the building were sold for $1,000. A contractor was paid $415,000 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet.

The cost of land to be reported exists at $174,750.

<h3>How to determine the cost of the land to be reported on the balance sheet?</h3>

The cost of land noted in the balance sheet does not only contain the price spent to gain the land but also includes any costs/revenue obtained in the procedures, and activities required to obtain the land to the setting in which it may be prepared for use.

Therefore, except for the price paid which exists at $140,000 ( $90,000 cash and $50,000 short-term note), we have to count up all the applicable expenses including Legal fees, delinquent taxes, Disposal of old building expenditures and remove the material salvaged profit from the destruction of the old building. The construction cost of the new warehouse exists extraneous here as, without this cost, the land exists already in a ready-to-use stage ( i.e: for building a new property on the land)

So, the amount of Cost of land to be reported exists

140K + 1,75K + 25K + 9K - 1K = $174,750.

To learn more about balance sheet refer to:

brainly.com/question/1113933

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1 year ago

Two ropes are attached to a large ballon in a parade. The people holding the ropes are 40 feet apart,and the angle between the t

qaws [65]

Ropes are 9.63 meters ans 8.178 meters.

<u>Step-by-step explanation:</u>

Step 1 :