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3 years ago

10

Mia has a piece of ribbon that is 30.5 yards long. The length is just enough ribbon to make 5 bows that are the same size. How l

ong is the ribbon that she uses for each bow?

2 answers:

slava [35]3 years ago

7 0

30.5/5= 6.1 yards per ribbon

Ymorist [56]3 years ago

4 0

Just divide 30.5 and 5 together to get answer hope I help

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3 years ago

Read 2 more answers

Find the amount and present value of 10 quarterly payments of $ 1500, if the interest rate is 25% compounded each month.

BlackZzzverrR [31]

Given Information:

Monthly payment = MP = $1500/4 = $375

Monthly interest rate = r = 25/12 = 2.083%

Required Information:

Present Value = ?

Answer:

$PV = \$10,110$

Explanation:

n = 10*4

n = 40 monthly payments

The present value is found by

$PV = MP \times \frac{ (1 - \frac{1}{(1+r)^n} )}{r}$

Where r is monthly interest rate.

MP is the monthly payment.

$PV = 375 \times \frac{ (1 - \frac{1}{(1+0.02083)^{40}} )}{0.02083}$

$PV = 375 \times (26.96)$

$PV = \$10,110$

Therefore, $10,110 is the present value of 10 quarterly payments of $1500 each at 25% interest rate compounded each month.

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3 years ago