1 and 1/6 is the correct answer because 4/1 multiplied by 1/3 is 4/3. 4/3 multiplied by 7/8 is 28/24 or 1 and 4/24, which can be simplified down to 1 and 1/6.
It had a 150% increase in price
100* 1.5 = 150
150+100 = 250
The amount that the bank loaned out at 7.9% is $1,574.00
How do represent the amounts lent at different rates?
On the assumption that x amount was loaned at 7.9% and that the remaining amount, (8,200-x) was loan out at 7.4%, we can determine the interest charged on each loan as the loan multiplied by the interest rate
interest on 7.9% loan=7.9%*x=0.079x
interest on 7.4% loan=7.4%*(8200-x)
interest on 7.4% loan=606.80-0.074x
total interest=0.079x+606.80-0.074x
total interest=0.005x+606.80
total interest on loans=614.67
614.67=0.005x+606.80
614.67-606.80=0.005x
7.87=0.005x
x=7.87/0.005
x=amount loaned at 7.9%=$1,574.00
y=$8200-$1574
y=$6,626.00
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Answer:
B
Step-by-step explanation:
let X represent the smaller paintings and Y represent the larger paintings
since she bought 8 paintings
X+Y=8
She bought all the eight paintings for $230 and X is worth 25 while Y is worth 40
25×X+40×Y=230
25X+40Y=230
