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Sidana [21]
3 years ago
5

Billy takes out a $2400 discounted loan using a simple interest rate of 8% for a period of 18 months. What is the effective inte

rest rate?
Mathematics
2 answers:
Nitella [24]3 years ago
7 0

Answer:

<h2>$3456</h2>

Step-by-step explanation:

($2400 x 8)÷100=$192

$192 x 18=$3456

kaheart [24]3 years ago
5 0

Answer:

9.1

Step-by-step explanation:

To calculate the total interest payable, we use the formula

I=P0rt,

and substituting our values yields

I=$2,400×0.08×1812=$288.

Therefore the total amount he receives at loan drawdown is $2,400−$288=$2,112. To calculate the effective interest rate, we use to formula

A=P0(1+ret).

In this instance we have A=$2,400,P0=$2,112 (redefined from the value above) and t=1.5. We substitute into the formula to get

$2,400=$2,112(1+1.5re).

Solve for re.

24002112=1+1.5re

24002112−1=1.5re

24002112−11.5=re

This gives re=0.0909⋯=9.0909…%,  which is 9.1%

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Two pencils and a ruler cost 98 cents in total. One pencil and 2 rulers cost $1.24 in total. Find the cost of each item.
salantis [7]

Answer:

2.16

Step-by-step explanation:

r = cost of ruler

p = cost of pencil

 

r = 2p

6r + 15p = 2.16

 

Substitute 2p in place of r in 2nd equation and solve for p

 

6(2p) + 15p = 2.16

12p + 15p = 2.16

27p = 2.16

5 0
3 years ago
Read 2 more answers
25 students are learning how to make balloon animals. There are 194 balloons to be shared equally among the students. How many b
alexdok [17]
25 students
194 balloons

194/25 = 7.76
Each student gets 7 balloons, 7 x 25 = 175 balloons will be used
194 - 175 = 19 balloons remaining (Answer to part 1 of this question)

If each student needs 8 balloons
8 * 25 = 200
200 - 194 = 6 ballons needed (Answer to part 2 of this question)

We also could have found the answer to part 2 by saying that we had 19 balloons left over when the students each were given 7 balloons
Each student needs another 1 balloon = 25 balloons, 
We have 19 left over
25 - 19 = 6 balloons need to be purchased (we got the same answer both ways so it is very likely we have the correct answer)
6 0
3 years ago
Easton wants to put a variety of donuts in a display case. The case is large enough to hold 100 donuts. Complete the table below
shutvik [7]

The amounts for each donut are given as follows:

  • Strawberry: 15.
  • Chocolate: 45.
  • Sprinkle: 40.

<h3>How to obtain the amounts?</h3>

The amounts for each donut are found applying the proportion, multiplying the decimal equivalent of each percentage by the total number of donuts.

From the problem, the total number of donuts is given as follows:

100 donuts.

The percentages of each type of donuts are given as follows:

  • Strawberry: 15%.
  • Chocolate: 45%.
  • Sprinkle: 40%.

The decimal equivalent of each percentage is given as follows:

  • Strawberry: 0.15.
  • Chocolate: 0.45.
  • Sprinkle: 0.4.

Hence the amounts are given as follows:

  • Strawberry: 15, as 0.15 x 100 = 15.
  • Chocolate: 45, as 0.45 x 100 = 45.
  • Sprinkle: 40, as 0.4 x 100 = 40.

More can be learned about proportions at brainly.com/question/24372153

#SPJ1

3 0
1 year ago
Which of the following is the vertex of the equation \large x^2-2x=-5 ?
Lelu [443]
I think it’s C but I’m not too sure
8 0
3 years ago
What is the solution to the following equation?
lions [1.4K]

Answer:

D. x = 7

Step-by-step explanation:

NOTE : <u><em>there should be an equal sign somewhere in the given expression.</em></u>

suppose the equation is the following:

3(x-4)-5 = x-3

………………………………………………………

3(x - 4) - 5 = x - 3

⇔ 3x - 12 - 5 = x - 3

⇔ 3x - 17 = x - 3

⇔ 3x - 17 + 17= x - 3 + 17

⇔ 3x = x + 14

⇔ 2x = 14

⇔ x = 14/2

⇔ x = 7

8 0
2 years ago
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