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Andreas93 [3]
3 years ago
7

I don't care about getting the answers but rather a step-by-step explanation for this problem: A simple interest, 8-month loan o

f $3,000 has an annual interest rate of 9.3%. Determine the following values. (For the first answer blank, enter an exact number. For the second answer blank, enter a number. For the third answer blank, enter an exact number as an integer, fraction, or decimal.)
P = $

r =

t =


Find the amount of interest paid (in dollars) on this loan. (Enter an exact number.)

I = $


Calculate the maturity value (in dollars) of this loan. (Enter an exact number.)

$
Mathematics
1 answer:
alisha [4.7K]3 years ago
7 0

Answer:

Step-by-step explanation:

The formula for simple interest is expressed as

I = PRT/100

Where

P represents the principal

R represents interest rate

T represents time in years

I = interest after t years

From the information given

T = 8 months = 8/12 = 2/3 years

P = $3000

R = 9.3%

Therefore

I = (3000 × 9.3 × 2/3)/100

I = 18600/100

I = $186

The maturity value (in dollars) of this loan would be

3000 + 186 = $3186

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Answer:

<u>x = -3</u>

Step-by-step explanation:

-5x + 9 = 24

move the nine to the other side

-5x = 15

divide

x = -3

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Help on #6 (an explanation would be great)
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Answer:

− 7 i \sqrt{2}

Step-by-step explanation:

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Keith drove 436 miles using 16 gallons of gas at this rate how many miles would he drive using 14 gallons of gas
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This Question is related to Direct Proportionality

Here : The Number of Miles Driven is Directly Proportional to Number of Gallons of Gas

Number of Miles ∝ Gallons of Gas

Given Keith with 16 Gallons of Gas Drove 436 Miles

⇒ Keith with 1 Gallon of Gas would Drive - \frac{436}{16} Miles

⇒ Keith with 1 Gallon of Gas would Drive : 27.25 Miles

⇒ Keith with 14 Gallons of Gas would Drive : 14 × 27.25 Miles

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Consider a small ferry that can accommodate cars and buses. The toll for cars is $3, and the toll for buses is $10. Let X and Y
harina [27]

Answer:

Expected revenue from the single trip is $ 13.14

Step-by-step explanation:

                              y

p(x,y)                   0               1                                 2                g(x)

x    0           0.025              0.015                       0.010            0.05

1                  0.050            0.030                        0.020           0.1  

2                   0.115             0.075                        0.050           0.24

3                  0.150              0.090                      0.060             0.3

<u>4                   0.100             0.060                     0.040              0.2 </u>

h(y)              0.325              0.27                       0.18  

E (x+Y) = E(X) +E(Y)

E(X)= ∑ xi g(x)i

       = ( 0*0.05) + (1*0.1) + (2* 0.24) + (3*0.3) + (4*0.2)

        = 0 + 0.1+ 0.48 + 0.9+0.8

        =2.28

E(Y)= ∑yi h(y)

      = (0* 0.325) + (1*0.27) + (2*0.18)    

       = 0 +0.27+ 0.36

        = 0.63

E (x+Y) = E(X) +E(Y)

             = 2.28 + 0.63

                = 2.91

But the equation is 3x+ 10y

E(3x+ 10y)= 3E(x) + 10 E(y)

                   = 3(2.28) + 10 (0.63)

                       = 6.84 +6.3

                         = 13.14

Expected revenue from the single trip is $ 13.14

5 0
2 years ago
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