Answer:
<h2><em>
348% increase</em></h2>
Step-by-step explanation:
103 - 23 / 23 = 3.47826
3.48 x 100% = 348%
Let's call the two numbers x and y. We can write a system of equations to describe the situation:
5x = 8y
x - y = 150
Let's solve the first equation for x:
x = 8y/5
Now we can use substitution to solve the system by plugging 8y/5 in for x in the second equation:
(8y/5) - y = 150
Simplify:
3y/5 = 150
3y = 750
y = 250
If y = 250, then x is:
x = 8(250)/5 = 400
The answer is 250 and 400.
Answer:
Answer. Step-by-step explanation: By selling it at 360 he would lose 13% because the amount of money lost with 240$ is 48$ (You can find that out by doing 240 x 0.2). If he loses 48$ again when selling it at 360$ he would make 312 dollars.
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A loan of $1500 attracts a daily interest of 3(0.29) = $0.87
For 120 days you pay $0.87 x 120 = $104.40 interest.
I = PrT; where P is the principal, r is the annual interest rate and T is the time.
500 x r x 1/365 = 0.29
r = 0.29 x 365 / 500 = 105.85/500 = 0.2117
Therefore,, Annual interest rate = 21.17%
