Answer: (0,13)
The y-intercept of y = 1/9x + 13 is (0,13)
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Remark
Multiply both sides of the equation by 25. Then you have an equation that you have already done probably.
Step One
Multiply both sides of the equation by 25
1 * (20 - t) = 4t - (3/5) * 25 Every part of the equation must be multiplied by 25
(20 - t) = 4t - 75/5 3*25/5 = 75/5
20 - t = 4t - 15 Add t to both sides
20 - t + t =4t + t - 15 Combine like terms
20 = 5t - 15 Add 15 to both sides
20 + 15 = 5t - 15 + 15 Combine like terms
35 = 5t Divide by 5
35/5 = 5t/5 Switch sides
t = 7 Answer
Answer:
a. Jack's monthly periodic rate = 1%
b. Jill's monthly periodic rate = 1.75%
c. Amount paid more by Jill than Jack = $5.25
Step-by-step explanation:
a. Jack was approved for a card with an APR of 12%. What was his monthly periodic rate?
Jack's monthly periodic rate = Jack's annual percentage rate (APR) / Number of months in a year = 12% / 12 = 1%
b. Jill was approved for a card with an APR of 21%. What was her monthly periodic rate?
Jill's monthly periodic rate = Jill's APR / Number of months in a year = 21% / 12 = 1.75%
c. If each of them had an average daily balance of $700 and had to pay a finance charge, how much MORE will Jill pay than Jack?
Jack's finance charge = Jack's monthly periodic rate * Average daily balance = 1% * $700 = $7
Jill's finance charge = Jill's monthly periodic rate * Average daily balance = 1.75% * $700 = $12.25
Amount paid more by Jill than Jack = Jill's finance charge - Jack's finance charge = $12.25 - $7 = $5.25
3/10:7/8=3/10*8/7=3*8/10*7=24/70=12/35
The answer is 12/35
