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3 years ago

A store pays $846 for a carousel. The store marks up the price by 26%. What is the new price?

Mathematics

1 answer:

Semmy [17]3 years ago

5 0

Answer:

$1,065.96

Step-by-step explanation:

you must take 846 and multiply it by the percentage of growth

846 x 1.26

(it is 1.26 because the price is going up 26%, so it is 126% of the price)

you get $1,065.96

I hope this helps!

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4 years ago

Mike took out a $30,000 loan with a 7% annual interest rate. Each month he pays 2% of the balance of the loan. Which equation gi

Gelneren [198K]

Answer:

C. $A(x)\approx 30,000(0.840)^x$

Step-by-step explanation:

We have been given that Mike took out a $30,000 loan with a 7% annual interest rate. So the approximate amount, A(x), he has to pay on his loan at the end of each year as a function of x will be:

$A(x) = 30,000((1+.07)^x*(1-0.02)^{12x})$

$A(x) = 30,000((1.07)^x*(0.98)^{12x})$

$A(x) = 30,000((1.07)^x*(0.98^{12})^x)$

$A(x) = 30,000((1.07)^x)*(0.785)^x)$

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Therefore, the equation $A(x)\approx 30,000(0.840)^x$ represents the approximate amount, Mike has left to pay on his loan at the end of each year and option C is the correct choice.

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4 years ago