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melamori03 [73]
3 years ago
6

A bank has $750,000 to lend for 7 months. It can lend it to a local contractor at a simple interest rate of 12%, or it can lend

it to a small business that will pay 12% compounded monthly. If the bank wants to maximize its interest earned, who should receive the loan (contractor or business) and what is the additional interest earned
Mathematics
1 answer:
Allisa [31]3 years ago
6 0

Answer:

the answer is $7,000

Step-by-step explanation:

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I need help can you help me please
ozzi
Just multiple them together and u get 693
6 0
3 years ago
Y=3x + 4 solve this system ?
user100 [1]

→ Y = 3x + 4

→ Y = 3x + 4

→ Y = 7x

Hence, Value of Y = 7x

This process can only be done when we're using the way for linear equation (Shifting both sides) [Each value)..

4 0
3 years ago
Joe worked 12 hours and packed 32 cartons. Bob worked 25 hours and packed 64 cartons. Did Joe and Bobwork at the same rate?O YES
Bas_tet [7]

To be able to compare the rates, we will write them in fraction form.

The fraction that represents Joe's rate is:

\frac{32}{12},

and the fraction that represents Bob's rate is:

\frac{64}{25}\text{.}

Simplifying the above fractions, we get:

\begin{gathered} \frac{32}{12}=\frac{8}{3}, \\ \frac{64}{25}=\frac{64}{25}\text{.} \end{gathered}

Since:

\frac{8}{3}\ne\frac{64}{25}

then Bob and Joe did not work at the same rate.

Answer:

No, Bob and Joe did not work at the same rate.

4 0
1 year ago
Luke paid $12.69 for 3 greeting cards. Each card cost the same amount,
n200080 [17]
3c = 12.69
where c = # of greeting cars
3 0
3 years ago
Read 2 more answers
Anna wants to take fitness classes. She compares two gyms to determine which would be the best deal for her. Fit Fast charges a
mestny [16]
Fit Fast: a set feet per class => y = Ax

Stepping Up: a monthly fee plus an additioal fee per class => h = Bx + C

You can discard the second and the fourth systems because  they do not have the form established from the statement.

The first system produce an obvious result given that is represents an option that is always better than the other 5.5x will be lower than 7.5x + 10 for any positive value of x, and so there is no need to make any comparission.

The third system is

y = 7.5x and y = 5.5x + 10 which need to be solved to determine when one rate is more convenient than the other.

Answer: y = 7.5x and y = 5..5x + 10



4 0
3 years ago
Read 2 more answers
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