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joja [24]
3 years ago
6

Mike is looking for a loan. He is willing to pay no more than an effective rate of 8.000% annually. Which, if any, of the follow

ing loans meet Mike’s criteria?
Mathematics
1 answer:
sladkih [1.3K]3 years ago
8 0
The answer is loan x and loan z
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Drake buys a ring that costs $8,000, which depreciates at a rate of 9.5% per year.
Alex73 [517]

Answer:

$1129.93

Step-by-step explanation:

100 - 9.5 = 90.5

8000 - 90.5 = 7909.5

7909.5 ÷ 7 = 1129.93

i hope this helps

4 0
3 years ago
If you answer this you will get 69 points but please answer asap
spin [16.1K]

Answer:

I think the answer for the first one is 3 I am not sure about the second one

3 0
3 years ago
You bet $50 on 00 in a game of roulette. If the wheel spins 00, you have a net win of $1,750, otherwise you lose the $50. A stan
sesenic [268]

Answer:

-$2.63

Step-by-step explanation:

Calculation for the expected profit for one spin of the roulette wheel with this bet

Based on the information given you bet $50 on 00 while the standard roulette has 38 possible outcomes which means that the probability or likelihood of getting 00 will be 1/38.

Therefore when we get an 00, we would get the amount of $1,750 with a probability of 1/38 and in a situation where were we get something other than 00 this means we would lose $50 with a probability of 37/38.

Now let find the Expected profit using this formula

Expected profit = sum(probability*value) -sum(probability*value)

Let plug in the formula

Expected profit =($1,750 * 1/38) - ($50 * 37/38)

Expected profit=($1,750*0.026315)-($50×0.973684)

Expected profit= 46.05 - 48.68

Expected profit = - $2.63

Therefore the expected profit for one spin of the roulette wheel with this bet will be -$2.63

3 0
3 years ago
A penny has a mass of 3 grams. what is the mass in grams of 8 pennies ?
lawyer [7]
Multiply
3x8
=24 Grams
8 0
3 years ago
Read 2 more answers
Sue buys a certain brand of cereal that costs $12 per box. Sue changes to a super-saving brand of the same size. The equation sh
masya89 [10]
A) To buy one box of the new cereal it will be y=8*1 so 8$. 12-8= 4. So the original brand is 4$ more.

B) 4*4=16$
3 0
3 years ago
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