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Lady bird [3.3K]
3 years ago
15

The planning committee voted to increase the customer service budget by 10% from last year. If the budget last year was 56,000,

what is the budget for the new year?
Mathematics
2 answers:
stellarik [79]3 years ago
6 0
Your answer will be 560,000 because you convert 10% to a decimal which is .10 and times .10 by 56,000 and you get your answer 560,000
mr_godi [17]3 years ago
3 0

Answer:

61,600

Step-by-step explanation:

To solve this problem first we need to know how much is 10% of 56,000 and then add this quantity to the budget of the last year.

We find this 10% by dividing 56,00 by 100 and then we multiply by 10%:

10 % of 56,000 = \frac{56,000}{100}(10)

10 % of 56,000 = 560(10)

10 % of 56,000 = 5,600

The budget for the new year was increased by 5,600. Thus, the new budget is:

56,000 + 5,600 = 61,600

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A restaurant manager has the option of a 30-year loan of $417,000 at an annual interest rate of 3.85% or the same interest rate
victus00 [196]

a) The monthly payment for each loan is as follows:

30-year $1,954.93

15-year $3,053.25

b) The savings in interest by using the 15-year loan is <u>$154,189,20</u> ($286,774.20 - $132,585).

c) No. the monthly payment for the 15-year loan is <u>not twice</u> that of the 30-year loan as the loan term.

d) The interest savings for the 15-year loan are <u>more</u> than one-half of the interest paid on the 30-year loan.

<h3>How are the calculations for periodic payments done?</h3>

The calculations for the monthly payments, including interests can be carried out using an online finance calculator, as follows:

<h3>30-year Loan:</h3>

N (# of periods) = 360 months (12 x 30 years)

I/Y (Interest per year) = 3.85%

PV (Present Value) = $417000

FV (Future Value) = $0

<u>Results</u>:

PMT = $1,954.93

Sum of all periodic payments = $703,774.80 ($1,954.93 x 360)

Total Interest = $286,774.20 ($703,774.80 - $417,000)

<h3>15-year Loan:</h3>

N (# of periods) = 180 months (12 x 15 years)

I/Y (Interest per year) = 3.85%

PV (Present Value) = $417000

FV (Future Value) = $0

<u>Results</u>:

PMT = $3,053.25

Sum of all periodic payments = $549,585 ($3,053.25 x 180)

Total Interest = $132,585 ($549,585 - $417,000)

Learn more about periodic payments at brainly.com/question/13098072

#SPJ1

7 0
1 year ago
2a - 3b = -11<br> a + 3b = 8
dlinn [17]

Answer:

b = 3 and a = -1

Step-by-step explanation:

You have your given equation:

2a - 3b = -11

a + 3b = 8

You need to find what a and b is.

To find b:

2a - 3b = -11

-2a - 6b = -16

I multiplied a + 3b = 8 by -2. When you multiply a number you have to multiply all of them. You have to choose a number that would cancel out all of a.

So now your equation would look like this when you solve for b:

2a - 3b = -11

-2a - 6b = -16

-------------------

a - 9 = -27 then you divide -9 to -27 which is 3 so b = 3.

To find a:

2a - 3b = -11

a + 3b = 8

I multiplied a + 3b = 8 by -1 and 2a - 3b = -11 by -1 as well.

Your equation will look like this when you solve for a:

-2a + 3b = 11

-1a - 3b = -8

------------------

-3a = 3 then divide -3 to 3 which is -1 so a = -1.

Check to see if you have the correct answer by plugging in the number you got for a and b into the equation and solve.

1. 2(-1) -3(3) = -11

 -2 - 9 = -11

2. -1 + 3(3) = 8

   -1 + 9 = 8

8 0
3 years ago
A store manager sets up a cardboard display to advertise a new brand of perfume the display is a square peer amid whose base is
____ [38]
This answer is most likely wrong, but this is what I had gotten.
Using the formula BxH divided by 2, I came up with an answer of 108.
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SVETLANKA909090 [29]
Y=2x-6 (4, 3)
(X, Y)
3=2(4)+b
3=8+b
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Y=2x-5
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The probability that the card drawn from a standard 52-card deck is queen is​
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There are 4 queens in a deck of cards.

You have 4 chances out of 52 total cards to get a queen.

The probability is 4 queens / 52 cards = 4/52, which can be reduced to 1/13

6 0
3 years ago
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