Casey uses some of his savings on batting practice the cost of renting a batting cage for one hour is six dollars he rents a cag
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Using simple interest, it is found that:
- The total amount paid was of $7,084.8.
- The finance charge was of $584.8.
- The simple interest rate was of 3%.
Simple interest is used when there is a single compounding per time period.
The amount of interest after t years in is modeled by:
In which:
- P is the initial amount.
- r is the interest rate, as a decimal.
In this problem, the amount paid was of 36 monthly payments of
$196.80, hence:
36 x 196.80 = $7084.8.
The total amount paid was of $7,084.8.
The original price is of $6,500, hence the finance charge was of:
7084.8 - 6500 = $584.8.
For interest, we have that:
, hence:
The simple interest rate was of 3%.
More can be learned about simple interest at brainly.com/question/25296782
Hey ! there
Answer:
- Simplest fraction form of 85% is <u>1</u><u>7</u><u>/</u><u>2</u><u>0</u><u> </u><u>.</u>
Step-by-step explanation:
Question says that we have to write the <u>simplest</u><u> </u><u>form </u><u>of </u><u>8</u><u>5</u><u>%</u><u> </u><u>as </u><u>it's </u><u>fraction</u><u> </u><u>.</u>
<u>Solution </u><u>:</u><u> </u><u>-</u>
We know that ,
- Percent ( % ) = <u>1</u><u>/</u><u>100</u>
So ,
or ,
Reducing the fraction by cancelling it by 5 :
We get :
Now , we can't reduce 17/20 .
- <u>Henceforth</u><u> </u><u>,</u><u> </u><u>1</u><u>7</u><u>/</u><u>2</u><u>0</u><u> </u><u>is </u><u>the </u><u>simplest</u><u> </u><u>form </u><u>of </u><u>8</u><u>5</u><u>%</u><u> </u><u>.</u>