The original annual simple interest rate, rounded to two decimal places, is 3.79%
What is the formula for simple interest?
The simple interest on a loan or deposit is determined as the principal multiplied by the simple interest rate and time
I=PRT
The first loan:
P=12 850.00
R=r(assume it is r)
T=4 years
I=12 850.00*r*4
I=51400r
The second loan was taken after 14 quarters the first was taken out, which is the same as after 3.5 years, hence, the interest on the second loan is only for a half a year
P=3 273.00
R=0.5r( half of the interest on the first loan)
T=0.5 years
I=3 273.00*0.5r*0.5
I= 818.25r
Total interest=51400r+818.25r
Total interest=52218.25r
total interest paid=1 980.00
1 980.00=52218.25r
r=1 980.00/52218.25
r=3.79%
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Answer:
The y-intercept of the equation is 100 and represents the initial studio-use fee.
Step-by-step explanation:
In this equation, our t variable (time) is the equivalent of the x-variable on a graph. This is because it is the variable that we 'change' to see its impact on y. We see how the amount of hours affects the price. So our P variable (price) is the equivalent of y on a graph. The y-intercept is where the line crosses the y-axis on a graph. At this point, x=0.
Since P is our y, and t is our x, to find the y-intercept, we simply need to make t = 0.
P = 50(0) + 100
P = 100
Therefore the y-intercept is 100.
In this context, t represents time, so even though the studio has been used for 0 hours, the price is still 100. This is because the 100 represents the initial studio-use fee, and using it for certain amounts of time adds onto the initial fee of $100. The hourly fee is represented by 50t so it costs $50 more for each hour of use.
Hope this helped!
Answer:
It's correct!
Step-by-step explanation:
Answer:
Step-by-step explanation:
This is a right triangle trig problem. The base of the right triangle is the distance that Donna if from the flagpole; the flagpole is the side opposite the reference angle which was given as 26, and we are looking for the height of the flagpole, h. The trig ratio that uses the side opposite over the side adjacent is the tangent ratio, specifically:
and
123tan(26) = h so
h = 60.0 rounded to the nearest tenth. But that is only the height from her line of vision and up, not the whole height. In order to find the whole height, we have to add in her height up to her line of vision which is 5.3 feet. Therefore, the height of the flagpole is
60.0 + 5.3 = 65.3 feet.
The answer to the problem is 5.
