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nydimaria [60]
3 years ago
10

Kayla currently has an account balance of $2,134.96. She opened the account 12 years ago with a deposit of $1,327.35. If the int

erest compounds twice a month, what is the interest rate on the account?
Mathematics
1 answer:
Ksenya-84 [330]3 years ago
6 0

Answer:

The interest calculated is 3.96%.

Step-by-step explanation:

I hope this helps you :)

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Sue Shopper received a $749.25 discount loan to purchase a refrigerator. The loan was offered at 12% for 120 days
STALIN [3.7K]
The interest paid for the loan will be:
I=(PRT)/100
P=$749.25
R=12%
T=120 days=120/30=4 months=1/3 years
Hence:
I=(749.25×1/3×12)/100
I=$29.97

The proceeds will be:
Net proceeds=(gross proceeds)-(expenses)
=749.25-29.97
=$719.28

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3 years ago
228% of what number is 33.06
frez [133]
N(228/100)=33.06  multiply both sides by 100

228n=3306  divide both sides by 228

n=14.5
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3 years ago
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An annual pass to the Super Fun theme
MariettaO [177]

Answer:

Step-by-step explanation:

X=4

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3 years ago
a group of friends shared 3 rolls of clay equally. if each student gor 1/2 of a roll of clay, how many students were in the grou
klemol [59]
6 students – 3 rolls of clay divided by each portion given to a student (0.5) equals 6, meaning only six students where able to receive some clay

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3 years ago
Natalie consumes only apples and tomatoes. Her utility function is U(x, y) = x 2y 8 , where x is the number of apples consumed a
Kamila [148]

Answer:

16 apples.

Step-by-step explanation:

U(x, y) = x^2y^8

MU_x =\frac{\partial U}{\partial x}  = 2xy^8\\MU_y = \frac{\partial U}{\partial x} = 8x^2y^7\\

Price of apples, Px=$4

Price of tomatoes,  Py=$3

Ratio of their Marginal Utilities

\frac{MU_x}{MU_y}  =  \frac{Px}{Py}

\frac{y}{4x}  =  \frac{4}{3}

y=\frac{16x}{3}

Since Natalie’s income is $320

320 = xPx+yPy

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Since x=16, Natalie will consume 16 apples.

6 0
3 years ago
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