Answer:2,304 or 36
Step-by-step explanation:I really hope this helps and is correct, try using a calculator because I'm douting my answers
Answer:
3x- we need to know what x is to go any further
Step-by-step explanation:
Answer: you would have to purchase $1300 of merchandise and the total yearly amount paid to the warehouse for each plan is $1210
Step-by-step explanation:
Let x represent the number of dollars of merchandise that you would have to purchase in a year to pay the same amount under both plans.
Plan A offers an annual membership fee of $300 and you pay 70%, of the manufacturers reccomended list price. This means that the total cost of using plan A would be
300 + 0.7x
Plan B offers an annual membership fee of $40 and you pay 90% of the manufacturers reccomended list price.
This means that the total cost of using plan B would be
40 + 0.9x
For both plans to be the same,
300 + 0.7x = 40 + 0.9x
0.9x - 0.7x = 300 - 40
0.2x = 260
x = $1300
The total yearly amount paid to the warehouse for each plan would be
40 + 0.9 × 1300 = $1210
Answer:
The amount of money that should be invested at the rate of 5.25% is $12,000 and the amount money that should be invested at the rate of 4% is $13,000
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
Let
x ------> the amount of money that should be invested at the rate of 5.25%
25,000-x -----> the amount money that should be invested at the rate of 4%
in this problem we have
substitute in the formula above
Solve for x
therefore
The amount of money that should be invested at the rate of 5.25% is $12,000 and the amount money that should be invested at the rate of 4% is $13,000
