If Mike is willing to pay no more than an effective rate of 8.000% annually, the loans that meet his criteria are loan X and loan Z. Of those two, the lowest would be loan X. I hope the answer will help you :)
Answer:
Song =$1.50 Album =$12.99
Step-by-step explanation:
Lets assume Individual songs = x
albums=y
6x + y = 21.99-------- y= 21.99- 6x
4x + 3y= 44.97
Replace y in the second equation
4x+ 3(21.99-6x) = 44.97
4x +65.97- 18x = 44.97
14x= 21
x = 1.50
y= 21.99- (6*1.50)
= 12.99
I think you would multiply 4 12/90 by 9 which equals 37 1/5
Answer:
Month 1 : 0.002988
Month 2: 0.00299692814
Month 3: 0.00300588297
Step-by-step explanation:
Since we're only finding the interest for the first three months, it's easy to do it by performing the simple interest formula. But first, we need divide 3 by 12, since we calculate interest using years. 3/12 = 1/4 = 0.25
The standard simple interest calculation is done by multiplying the starting amount, by the interest, by the time, then dividing by 100 to put it into a percentage.
1 month = 1/12 or approximately 0.083 of the year.
Let's say P = 1. For the first month, it will be 1 x 3.6 x 0.083 = 0.2988 / 100
The second month, (1 + 0.002988) * 3.6 * 0.083 = 0.299692814 / 100
The third month, (1.002988 + 0.00299692814) x 3.6 x 0.083 = 0.300588297/100
Given the initial amount be 1, those would be the periodic interest rate during the first three months.
1) there were 32 bales added
2) 8 hours
3) 74 cards
4) 11 packs
5) $57
6) ummm...$3?
7) began with 12
8) $5 per candy bar
9) 44 students on each bus
10) $77 spent on baseball gear
