Answer:
Explanation:
<u>1. Calculate the monthly interest owed during year 1</u>
<u />
- <em>Interest for first year: 8%</em>
- The monthly rate is the yearly rate divided by 12: 8% / 12 = 0.08/12
- The monthly interest owed is the monthly rate times the balance: (0.08/12)×$1,800 = $12.00
<u>2. Calculate the monthly interest owed during year 2</u>
<u />
- <em>Interest for second year: 23%</em>
- The montly rate is the yearly rate divided by 12: 23% / 12 = 0.23/12
- The monthly interest owed is the monthly rate times the balance: (0.23/12)×$1,800 = $34.50
<u>3. Calculate the difference</u>
- Difference in the monthly interest owed during year 1 and year 2 = $34.50 - $12.00 = $22.50
Hence, the answer is the option c) $22.50
I would assume it would be dividing both sides by three although if someone were to actually solve this I would say multiply 2 and 3 together first.
Hope this helps :)
Answer:
45%
Step-by-step explanation:
i believe it to be true
In fraction form g would be 13/3, decimal form is 4.3
Answer:
-$34.725
Step-by-step explanation:
Given the question :
The price of one share of a company's stock declined $13.89 every day for 2.5 days. What was the stock's total decline in price? Which estimate uses compatible numbers to estimate the problem? What is the exact answer?
Price declination per day = $13.89
Number of days = 2.5 days
Stock's total declination :
(Declination in price per day × number of days)
( - $13.89 × 2.5) = - $34.725
