Shelby purchased a coat for $101.50 that was regularly priced at $145, not including tax. What percent did shelby save by purcha
1 answer:
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The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
The value to plug into your equation,
The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
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The present age of Jane is 45 years old and present age of her sister is 9 years old
<em><u>Solution:</u></em>
Let the present age of Jane be "x"
Let the present age of her sister be "y"
<em><u>Jane is 5 times older than her sister</u></em>
present age of Jane = 5(present age of her sister)
x = 5y ---------- eqn 1
<em><u>In 3 years, Jane’s sister will be 1/4 her age</u></em>
Age of sister after 3 years = 3 + y
Age of jane after 3 years = 3 + x
Age of sister after 3 years = 1/4(age of jane after 3 years)
Substitute eqn 1 in above equation
Substitute y = 9 in eqn 1
x = 5(9)
x = 45
Thus present age of Jane is 45 years old and present age of her sister is 9 years old