Answer:
Step-by-step explanation:
a) you know interest is 22 and principal is 1000 and number of months is 1
b) I = rPm
r = I/Pm
c) r = 22 / 1000(1) = 0.022 /month or 2.2% per month
or 12(0.022) = 0.264 or 26.4 % per year.
d) interest is $15, loan period is 2 weeks which occurs once during the loan, interest rate is 10% per two weeks.
P = I/rm
e) P = 15 / 0.10 = $150
Notice that there are 52 weeks/yr / 2week loan period = 26 period in a year.
This means that the APR is 0.10(26) = 2.60 or 260% annual interest rate. Pretty good return on investment if you are the lender and can keep your money lent out. Not so good if you are the borrower.
Answer:
Hi how are you!
Step-by-step explanation:
Given that : g(x) = 4x + 4 .
So , in order to find the value of g(4) , just substitute x = 4 in the given function .
Here ,
=> g(x) = 4x + 4 .
=> g(4) = 4 × 4 + 4 .
=> g(4) = 16 + 4 .
=> g(4) = 20 .
<u>Hence</u><u> </u><u>the</u><u> </u><u>required</u><u> answer</u><u> is</u><u> </u><u>2</u><u>0</u><u>. </u>
Answer: a) Q= 5units
b) R= $75
Step-by-step explanation:
The maximum revenue is at dR/dq = 0
Revenue = price x quantity of demand = p × q
Substituting p = 30- 3q
R = (30-3q) × q
R= 30q- 3q2 (q2 = q raised to the power of 2)
dR/dq = 30- 6q = 0
6q = 30
q= 30/6= 5
q= 5 units
R = pq= 30q- 3q2
R= 30(5) - 3( 5×5)
R= 150- 75
R= $75
Goodluck...
