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Fynjy0 [20]
3 years ago
14

Shaquil needs to borrow $400. The loan company charges him $80 in fees for the loan. Shaquil calculates that the annual percenta

ge rate (APR) on his loan is 250%. Approximately what is the term of Shaquil’s loan? a. 7 days b. 29 days c. 46 days d. 73 days
Mathematics
2 answers:
lesya [120]3 years ago
6 0

Answer:

(B)  

Step-by-step explanation:

PRINCIPAL AMOUNT(p) = $400

RATE (r)= 250% = 2.5

INTEREST = $80

t = time (in days) = t/365

By using the formula,

r = \frac{i}{pt}

2.5 = \frac{80*365}{400*t}

t = \frac{364*80}{400*2.5}

t = 29.2

t = 29 days (approx)

Hence option (B) is correct.


mina [271]3 years ago
6 0
The answer is B.) 29 Days
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Store had a sale on our supplies the price p of each item was mark down 60% which expression represents the new price
vlada-n [284]

Answer:

0.4p or p-0.6p

Step-by-step explanation:

We use percents in decimal form to multiply it with the price. We convert percents into decimals by dividing the percent number by 100. For example, 78% divided by 100 becomes 0.78.

There are two ways to look at it:

  • For finding the price we pay during a sale, we focus on the percent we pay. If 60% off is the sale, then we spend 40% or 100-60=40. 40% is 0.40. Multiply that by p an unknown price and we have 0.4p.
  • We can find the percent off by multiplying the price by the percent conversion. So 60% is 0.60. Then subtract it from the original price to find the leftover that we pay. This is p-0.6p.
8 0
3 years ago
Brian has 14 bins and 70 books. He places the same number of books, x in each bin.
adelina 88 [10]

Answer:

14x=70

Step-by-step explanation:

5 0
3 years ago
A two sided coin is flipped and a 6-sided number cube is rolled. Find P(tails,5)
Fed [463]
1/12

This is because there are 12 potential outcomes of this scenario. Tails, 5 is just one of them.
6 0
2 years ago
Charlotte borrows $9000 to buy a second-hand car. The loan must be repaid
QveST [7]

Answer:

$13,400

Step-by-step explanation:

Simple Interest = principal × rate × time

principal= $9000

Rate= 12/100=0•12

Time=5years

Simple interest =PRT

= 9000× 0•12 × 5

= 5400

Total amount to be paid = 9000 + 5400

= $13400

8 0
3 years ago
All bags entering a research facility are screened. The screening process is not perfect so that 77% of the bags that contain fo
garik1379 [7]

Answer:

(1) 0.5933

(2) 0.8955

Step-by-step explanation:

We are given that all bags entering a research facility are screened.

Let Probability that bags entering the building contains forbidden material,

 P(F) = 0.69

Probability that bags entering the building does not contains forbidden material,   P(NF) = 1 - 0.69 = 0.31

Let event A = alarm gets triggered

Probability that alarm gets trigger given the bags contain forbidden material, P(A/F) = 0.77

Probability that alarm gets trigger given the bags does not contain forbidden material, P(A/NF) = 0.20

(1) Probability that a bag triggers the alarm, P(A) ;

         P(A) = P(F) * P(A/F) + P(NF) * P(A/NF)

                 = (0.69 * 0.77) + (0.31 * 0.20) = 0.5313 + 0.062

                 = 0.5933

Therefore, probability that a bag triggers the alarm is 0.5933 .

(2) Probability that a bag that triggers the alarm will actually contain forbidden material is given by P(F/A) ;

Using Bayes' Theorem;

    P(F/A) = \frac{P(F) * P(A/F)}{P(F) * P(A/F) + P(NF) *P(A/NF)} = \frac{0.69*0.77}{0.69*0.77+0.31*0.20} = \frac{0.5313}{0.5933}

               = 0.8955

6 0
3 years ago
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