First you need to set up an equation y = mx + b. m would be the monthly charge and b would be the one time fee. x represents the number of months.
To solve for the number of months with a total price of 240 we substitute 240 in for y and solve for x.
240 = 25x + 40
subtract 40 from each side
200= 25x
divide by 25
8 = x
8 months
10 + 7r = 45
7r = 35
r = 5
5 miles
Answer:
A money market account paying 3.5% interest, renewable for three-month commitments.
Answer:
He answered 20 questions correctly.
Step-by-step explanation:
25×.8(80%) = 20.
149 will be rounded to 150 so 150×5= 750
Answer: B. The stocks have a yield 6.84 percentage points greater than that of the bonds.
Step-by-step explanation:
Firstly, the yield for stocks will be calculated as:
= return/ investment cost
= $3.15/$ 21.38
= 0.14733395
= 14.73%
The yield for bonds will be calculated as:
= Return/Investment cost
Return = 1,000 x 8.3% = 83
Investment cost = 1,000 x 105.166/100 = 1051.66
Yield = 83/1051.66
= 0.07892284
= 7.89%
Then, the difference between the yield will be:
= 14.73% - 7.89%
= 6.84%
Therefore, the stocks have a yield 6.84 percentage points greater than that of the bonds.
