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Licemer1 [7]
3 years ago
13

If you borrow $500 from a credit union at 12% annual interest and $250 from a bank at 18% annual interest, what is the effective

Mathematics
2 answers:
Gnesinka [82]3 years ago
8 0

Answer:

B.  11.85% =  12%

Step-by-step explanation:      

500 * .10 + 300 * .15 = 50 + 45 = 95.

95/800 = .11875

.11875 = 11.875%

sweet [91]3 years ago
3 0

Answer:

<u>The correct answer is A. 14%</u>

Step-by-step explanation:

Let's find out the effective annual interest rate for both loans, this way:

1st Loan:

Amount of the loan = $ 500 Interest rate = 12% = 0.12

Total interests for the year = 500 * 0.12 = $ 60

2nd Loan:

Amount of the loan = $ 250 Interest rate = 18% = 0.18

Total interests for the year = 250 * 0.18 = $ 45

Total Interests for both loans = 60 + 45 = $ 105

Effective annual interest rate = Total interest for both loans/Amount of the loans

<u>Effective annual interest rate = 105/750 = 0.14 = 14%</u>

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10 points AND BRAINLIEST EASY QUESTION MUST BE DONE IN 10 MIN OR LESS. NO TROLL ANSWERS​
Ad libitum [116K]

Answer:

Initial Value=15

Rate of change=15/10=1.5

Equation: y=1.5x+15

Step-by-step explanation:

y=ax+b

y=1.5x+b

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3 years ago
The length of a rectangle is 3 centimeters less than four times its width. Its area is 10 square centimeters. Find the dimension
Kay [80]

Answer:

W = 2 cm

L = 5 cm

Step-by-step explanation:

A rectangle is a four sided shape with 4 perpendicular angles. It has two pairs of parallel sides which are equal in distance: width and length. Its area, the amount of space inside it, can be found using the formula A = l*w. If the area is 10 cm² and the length is "3 cm less than 4 times the width" or 4w - 3, you can substitute and solve for w.

A = l*w

10 = (4w - 3)(w)

10 = 4w² - 3w

Subtract 10 from both sides to make the equation equal to 0. Then solve the quadratic by quadratic formula.

4w² - 3w - 10 = 0

Substitute a = 4, b = -3 and c = -10.

w = \frac{3 +/- \sqrt{(-3)^2 - 4(4)(-10)} }{2(4)} = \frac{3 +/- \sqrt{9 +160)} }{8} =  \frac{3 +/- \sqrt{169} }{8} = \frac{3+/-13}{8}

There are two possible solutions which can be found.

3 + 13 / 8 = 16/ 8 = 2

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Since w is a side length or distance, it must be positive so w = 2 cm.

If the width is 2 cm then the length is 4(2) - 3 = 8 - 3 = 5 cm.

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3 years ago
1. Cooking oil is sold in two sizes of cans.
iren2701 [21]

Answer:

Small can

Step-by-step explanation:

Price per liter for Small can = 2.20 /4 = 0.55

Price per liter for Large can = 3.24 / 6 = 0.54

0.55>0.54

small can > large can

I hope im right!!!

4 0
3 years ago
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