Answer:
6.2%
Step-by-step explanation:
Credit rating is an evaluation of the credit risk of a borrower, that how often a person is going to repay their debt, by credit rating it predicts the ability of the debtor to payback.
Mike has credit rating = 720
Tyler has credit rating = 560
Both are approved for loan. Mike's Credit score is higher, which means he is a much safer debtor as compared to Tyler. Mike will be able to pay back much easily than Tyler. Therefore Mike interest rate is 3.2%
Interest rate of Tyler is higher as he is not that trusted and has low Credit rating. Tyler is approved for a loan that charged 3 percentage points higher because of his inferior credit rating so it interest on the loan will be
Interest = 3.2%+3% = 6.2%
Answer:
can't see anything in this photo because this photo is not clear
Answer is c
something that helps me is
soh- opposite hypotenuse cah - adjacent and hypotenuse toa- opposite and adjacent
soh cah toa
Answer:
minimum of 13 chairs must be sold to reach a target of $6500
and a max of 20 chairs can be solved.
Step-by-step explanation:
Given that:
Price of chair = $150
Price of table = $400
Let the number of chairs be denoted by c and tables by t,
According to given condition:
t + c = 30 ----------- eq1
t(150) + c(400) = 6500 ------ eq2
Given that:
10 tables were sold so:
t = 10
Putting in eq1
c = 20 (max)
As the minimum target is $6500 so from eq2
10(150) + 400c = 6500
400c = 6500 - 1500
400c = 5000
c = 5000/400
c = 12.5
by rounding off
c = 13
So a minimum of 13 chairs must be sold to reach a target of $6500
i hope it will help you!