Step-by-step explanation:
To determine simple interest, we use the formula
where I is the interest, p is the principal or initial amount, r is the interest rate is in the unit of years and t is the time in years
When the times is 3 years , then we plug in 3 for 't' directly
we know that 1 year = 12 months
Suppose, the time is given in months then we divide time 't' by 12
When the times is 4 months , then we plug in 4 for 't' and divide by 12
we know that 1 year = 365 days
Suppose, the time is given in days then we divide time 't' by 365
When the times is 45 days , then we plug in 45 for 't' and divide by 365
I think its c yo...............
Answer:
7) 1
8) -2
9) undefined (no slope)
10) 4/3
11) -2/7
12) 0
Step-by-step explanation:
to find the slope when given to points ... minus the y values and x values
formula :
y - y
------ = slope
x - x
Answer:
W = 7
Step-by-step explanation:
1) Simplify 21/42 into 1/2
w/ 14 = 1/2
2) Multiply both sides by 14.
W = 1/2 · 14
3) Simplify
W = 14/29
4) Simplify (again)
W = 7
Answer:
33) $8440
34) $67,964.62
Step-by-step explanation:
33) The interest on 1 for 270 days is ...
... I = Prt = 1×0.09×(270/360) = 0.0675
so the proceeds from a loan with a face value of 1 will be
... 1 - 0.0675 = 0.9325
We want to find the face value of a loan with proceeds of $7870.30, so we need to solve the equation ...
... $7870.30 = P×0.9325
... P = $7870.30/0.9325 = $8440
34) The discount is computed from ...
... I = Prt = 70,000×0.063×(24/52) ≈ 2035.38
Then the amount Smith will pay for the T-bill is ...
... $70,000 -2035.38 = $67,964.62
