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Radda [10]
3 years ago
13

Larry has taken out a $600 loan with a 12 percent interest rate to buy a laptop computer. He needs to repay the loan by the end

of two years. He will be paying $28.24 every month for two years. What kind of interest rate is Larry being charged? Explain the reasons for your answer.
Mathematics
2 answers:
Zielflug [23.3K]3 years ago
6 0

Answer:

Larry is paying the same amount every month for the duration of the loan. So he is being charged a fixed interest rate.

Step-by-step explanation:

plato answer

Ipatiy [6.2K]3 years ago
3 0
The is the concept of financial mathematics, given that Larry has a loan of $600 which has an interest rate of 12%, which is payable within 2 years. This mode of payment is called the simple interest mode of payment. This is because the he has been given a fixed periodic amount of payment. In compound interest, the amount payable is not fixed.
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The expression 2m+ 10c gives the amount of money in dollars , a dessert store makes from selling m muffins and a c Cakes How muc
sveta [45]

Answer:

$46

Step-by-step explanation:

Given that :

The expression : 2m+ 10c ( amount made from selling muffins and C cakes.)

This means cost per muffin is 2 and cost per cake is 10

Hence, amount made from selling 3 muffins and 4 cakes ;

2(3) + 10(4)

$6 + $40

= $46

6 0
3 years ago
White Kittens
tester [92]

Answer:

im pretty sure its 5:10

there are 5 male cats and 10 female cats

Step-by-step explanation:

7 0
3 years ago
20.
andriy [413]

Answer:

an apple costs 0.24 and a pear costs 0.28

Step-by-step explanation:

      3a + 4p = 1.84                                 3a + 4p = 1.84

     -5a + 2p = 1.76   m(-2)               <u>   -10a - 4p = -3.52</u>

        3a + 4p = 1.84

 +<u>   -10a - 4p = -3.52</u>

       -7a          = -1.68

           a         = -1.68/-7

           a        =  0.24

   

       3a + 4p = 1.84

       3(0.24) + 4p = 1.84

       0.72  + 4p = 1.84

                   4p = 1.84 - 0.72

                    4p = 1.12

                      p = 0.28

8 0
2 years ago
How do you solve 7x-3y=24
olga_2 [115]
7x - 3y = 24
7x - 24 = 3y
(7x - 24) : 3 = y

6 0
3 years ago
Read 2 more answers
If testing the claim that sigma subscript 1 superscript 2 baseline not equals sigma subscript 2 superscript 2σ21≠σ22​, what do w
12345 [234]

Answer:

The statistic for this system of hypothesis is given by:

F=\frac{s^2_1}{s^2_2}

If the statistic is equal to 1 then that means s^2_1 = s^2_2 and we don't have enough evidence to conclude that the two population variances and deviations are different.

Step-by-step explanation:

System of hypothesis

We want to test if the variation for a group1 is equal to another one 2, so the system of hypothesis are:

H0: \sigma^2_1 = \sigma^2_2

H1: \sigma^2_1 \neq \sigma^2_2

Calculate the statistic

The statistic for this system of hypothesis is given by:

F=\frac{s^2_1}{s^2_2}

If the statistic is equal to 1 then that means s^2_1 = s^2_2 and we don't have enough evidence to conclude that the two population variances and deviations are different.

6 0
3 years ago
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