Answer:
the average daily balance is 500
Step-by-step explanation:
If a payment of 5,000 is made on the tenth day you can divide 5,000 by ten to get the amount payed everyday before hand. Once you do that you will end up with the answer of 500. Therefore the average daily balance is 500
Mr. Gardener's annual interest rate is 8%.
40,000/500,000 = 0.08
Answer:
1
Step-by-step explanation:
Notice that the terms in parentheses on both sides of the equation are added to 4.
(3x + 4) + 4 = (5x - 4) + 4
So we can set the equation as.
3x + 4 = 5x - 4
Subtract 3x on both sides of equation.
4 = 2x - 4
Add 4 on both sides of equation.
8 = 2x
Divide both sides of equation by 2.
4 = x
4 is the only value that satisfies the statement.