The second option because the shopper can reput there money into the bank while the credit history is very hard to fix if you messed it up
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
Answer:
H=5
Step-by-step explanation:
We are given f(x) = 5x
and we are to find inverse of f(x).
Step 1:
Replace f(x) by y.
So,
y = 5x
Step 2:
Isolate x
So,
x = y/5
Step 3:
Replace x by f'(y)
So,
f'(y) = y/5
Step 4:
Replace all occurrences of y by x.
So,
f'(x) = x/5
Therefore, the inverse of f(x) = 5x is f'(x) = x/5
There are two 5's because the 5 section takes up the amount of 2 sections.
There is a total of 8 sections because sections 2 and 5 take up the amount of 2 sections
5's to total = 2/8 = 1/4
Your answer is A. 1/4
Hope this helps :)