Answer:
Interest rate is 5.25% a year.
Step-by-step explanation:
r = (1/54)((22252.5/18000) - 1) = 0.004375
r = 0.004375
Convert decimal to percentage
R = 0.004375 * 100 = 0.4375%/month
Calculate annual rate
0.4375%/month × 12 months/year = 5.25% per year.
Answer:
A) c + CD = 20
B) 6c + 12CD = 192
Multiplying equation A by -6 we get:
A) -6c -6CD = -120
B) 6c + 12 CD = 192
Adding the equations we get
0 + 6 CD = 72
There are 12 CD's and
c + 12 = 20
There are 8 cassettes
Step-by-step explanation: