The next day, you charge $3.50 for each bracelet. You have a supply of 30 bracelets, and exactly 30 customers demand them. At the end of the day, there is no excess demand or excess supply. So, $3.50 must be the <u>equilibrium price</u>
the correct answer is the bolded, underlined words. I hope this helps, have a great day, chao!!
4/17 = 0.235294118 or 4/17
The total amount Ernest owes the bank after 9 months is $1,225.00
How many months of interest would be paid?
The fact the loan was taken for nine months means that the borrower, Ernest needs to pay interest for nine months, in other words, we would time-apportion the annual interest of 30% to determine the 9-month interest as shown below:
9-month interest rate=30%*9/12
9-month interest rate=22.50%
The amount Ernest is owing the bank is the principal borrowed plus the interest for 9 months as computed below:
total amount owed after 9 months=$1000*(1+22.50%)
total amount owed after 9 months=$1000*1.2250
total amount owed after 9 months=$1,225.00
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Answer:
Step-by-step explanation:
given that the U.S. Department of Housing and Urban Development (HUD) uses the median to report the average price of a home in the United States.
We know that mean, median and mode are measures of central tendency.
Mean is the average of all the prices while median is the middle entry when arranged in ascending order.
Mean has the disadvantage of showing undue figure if extreme entries are there. i.e. outlier affect mean.
Suppose a price goes extremely high, then mean will fluctuate more than median.
So median using gives a reliable estimate since median gives the middle price and equally spread to other sides.
Answer:
y = -1x + 6 or y = -x + 6
Step-by-step explanation:
First, let's identify what slope-intercept form is.
y = mx + b
m is the slope. b is the y-intercept.
We know the slope is -1, so m = -1. Plug this into our standard equation.
y = -1x + b
To find b, we want to plug in a value that we know is on this line: (2, 4). Plug in the x and y values into the x and y of the standard equation.
4 = -1(2) + b
To find b, multiply the slope and the input of x(2)
4 = -2 + b
Now, add 2 from both sides to isolate b.
6 = b
Plug this into your standard equation.
y = -1x + 6
This is your equation.
Check this by plugging in the point again.
y = -1x + 6
4 = -1(2) + 6
4 = -2 + 6
4 = 4
Your equation is correct.
Hope this helps!
