Answer:
<em>Avram will have to pay $7,047 simple interest</em>
Step-by-step explanation:
<u>Simple Interest</u>
Definition: Interest calculated on the original principal only of a loan or on the balance of an account.
Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.
The interest earned is calculated as follows:
I=A.r.t
Where:
I = Interest
P = initial principal balance
r = interest rate
t = time
Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:
I=14,500*0.054*9=7,047
I=$7,047
Avram will have to pay $7,047 simple interest
Your probability is a 30% chance of picking up a red marble then when getting a yellow one you have a 33.3% and so on of 3s chance of picking a yellow one
very low in my opinion
:D
Answer:
Total cost=$25
Step-by-step explanation:
We can derive two expressions as follows;
Total cost for the First shipping company=Medium box charges+total additional charges
where;
Medium box charges=$20
Total additional charges=Charges per pound×number of additional pounds (n)
Total additional charges=1×n=n
replacing;
Total cost for the First shipping company=20+n....equation 1
Total cost for the second shipping company=Medium box charges+total additional charges
where;
Medium box charges=$15
Total additional charges=Charges per pound×number of additional pounds (n)
Total additional charges=2×n=2 n
replacing;
Total cost for the First shipping company=15+2 n....equation 2
Equating equation 1 and equation 2
15+2 n=20+n
2 n-n=20-15
n=5
Replace the value for n in equation 2
Total cost for the First shipping company=15+2 n....equation 2
Total cost=15+(2×5)=$25
