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lora16 [44]
3 years ago
8

Jess borrows 250 from the bank. The band chargEs 11% simple interest over 2 years.

Mathematics
1 answer:
Inessa [10]3 years ago
7 0

Answer:

$305

Step-by-step explanation:

You have to use the following formula to calculate the accrued amount:

A=P(1 + rt), where:

A= accrued amount

P= principal amount= $250

r= rate of interest= 11%

t= time period= 2 years

Now, you have to replace the values in the formula:

A=250*(1+0.11*2)

A=250*(1+0.22)

A=250*1.22

A=305

According to this, at the end of 2 years, Jess owes the bank $305.

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Samantha sends her son, Barry, to a preschool center on certain days. The cost of preschool is $45 per day along with a fixed mo
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Answer:

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Step-by-step explanation:

We are given fixed monthly charge = $70.

The cost of preschool per day = $45.

Number of days = d.

Total cost of d days = cost per day × number of days + fixed monthly charge.

Therefore, we get equation

880 = 45×d+70

<h3>880 = 45d +70.</h3>

Now, we need to solve the equation for d.

Subtracting 70 from both sides, we get

880-70 = 45d +70-70

810=45d

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\frac{810}{45} =\frac{45d}{45}

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Therefore,<em> 18 days Barry attended preschool last month.</em>

<em>Therefore, correct option is D option.</em>

<h3><em>D. 880 = 45d + 70; 18 days.</em></h3>
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