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Illusion [34]
3 years ago
13

A radio commercial for a loan company states: “You only pay $0.29 a day for

Mathematics
2 answers:
yuradex [85]3 years ago
7 0
A loan of $1500 attracts a daily interest of 3(0.29) = $0.87
For 120 days you pay $0.87 x 120 = $104.40 interest.

I = PrT; where P is the principal, r is the annual interest rate and T is the time.
500 x r x 1/365 = 0.29
r = 0.29 x 365 / 500 = 105.85/500 = 0.2117

Therefore,, Annual interest rate = 21.17%
lianna [129]3 years ago
4 0
The amount that they charge for $ 1500 would be :

$0.29 x 3 = $ 0.87

Total charge for 120 days would be : 
$0.87 x $ 120 = $ 104.4

The amount that should be repaid : 1500 + 104.4   = 1604.4

Interest rate = 
a = p(1+rt)
1604.4 = 1500 ( 1 +  r*120/365)

r = 21.17 %

Hope this helps


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What is the unit rate of 50.4 feet in 14 years?
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Simplified form of the expression (x^3+3x^2+6)-(9x^2-5x+7)
JulijaS [17]

(x^3 + 3x^2 + 6) - (9x^2 - 5x + 7)\\\\x^3 + 3x^2 + 6 - 9x^2 + 5x - 7\\x^3 - 6x^2 + 5x  -1


8 0
3 years ago
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that th
Karolina [17]

Answer:

Probability (bid accepted) = 0.48

Step-by-step explanation:

Probability density is given byF(y)= 1/(b-a)

a=9500

b= 14700

F(y)= 1/(14700-9500) =1/5200=0.00019

Probability (bid accepted)= (12000-9500)÷1/5200

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5 0
3 years ago
Please help me with this
pantera1 [17]

Answer:

  • 8 3/4
  • 2, 3
  • 4 1/2, 11 1/4
  • 9 3/4, 16 1/4
  • Y/B = 2/3

Step-by-step explanation:

<h3>a)</h3>

The first line is simply the sum of the two given numbers.

  3 1/2 +5 1/4 = (3+5) +(2/4+1/4) = 8 3/4

__

To find values on the remaining lines, it is convenient to find the ratios of the numbers involved. The ratio of yellow to blue is ...

  Y/B = (3 1/2)/(5 1/4) = (7/2)/(21/4) = (7/2)(4/21) = 2/3

Then ...

  Y : B : total = 2 : 3 : 5

This tells you the numbers on the second line are ...

  Y = 2; B = 3

__

The value for B on the third line is the basic ratio number multiplied by (6 3/4)/3 = 2 1/4. Then the other two numbers are ...

  Y = 2(2 1/4) = 4 1/2

  total = 5(2 1/4) = 11 1/4

__

The value for Y on the fourth line is the basic ratio number multiplied by (6 1/2)/2 = 3 1/4. Then the other two numbers are ...

  B = 3(3 1/4) = 9 3/4

  total = 5(3 1/4) = 16 1/4

_____

<h3>b)</h3>

The equation is the one we used to find the values on the second line:

  Y/B = 2/3

7 0
2 years ago
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