Year 1: 500 + 0.25*500 = 500 [1 + 0.25]
Year 2: 500*[ 1 + 0.25] * [1 + 0.25] = 500 [1 + 0.25]^2
Year x: 500 [1 + 0.25]^x
Option d: A(x) = 500[1 + .25]^x, where .25 is the interest rate
If each team takes two 15 minute breaks, then for 1/2 an hour of the 5.5 hours, is not used. So they only worked 5 hours. If each team washed 2 cars per hour, then each team washed 10 cars. Since there are 8 teams, 80 cars were washed during the car wash. If they plan to raise $600, then you can divide 600 by 80 to get the minimum price they need to charge or $7.5. Each team should charge the cars at least $7.50.
Answer:
C=2.75
Step-by-step explanation:
C/11=30/120
30/120=.25
120*.25=30
11*.25=2.75
Answer:
B. 72.38
Step-by-step explanation:
Generally, mortgage insurance premium is paid by a borrower who have made a down payment of less than 20% on the home loan. It is paid by the borrower but it is mostly used to protect the lender from losses in case the borrower defaults on the loan.In order to determine the rate, we just need to multiply the values of the loan with the rate of insurance. Therefore, for the given problem, we have:
mortgage payment for insurance = 0.3*289500/100 = $868.5 per year.
To calculate the monthly mortgage, we divide the annual payment by 12.
Thus: monthly mortgage payment for insurance = $868.5/12 = $72.38
