Answer:
x = 8
y = 138
Step-by-step explanation:
Answer:
Step-by-step explanation:
a) you know interest is 22 and principal is 1000 and number of months is 1
b) I = rPm
r = I/Pm
c) r = 22 / 1000(1) = 0.022 /month or 2.2% per month
or 12(0.022) = 0.264 or 26.4 % per year.
d) interest is $15, loan period is 2 weeks which occurs once during the loan, interest rate is 10% per two weeks.
P = I/rm
e) P = 15 / 0.10 = $150
Notice that there are 52 weeks/yr / 2week loan period = 26 period in a year.
This means that the APR is 0.10(26) = 2.60 or 260% annual interest rate. Pretty good return on investment if you are the lender and can keep your money lent out. Not so good if you are the borrower.
Answer:
There were 10 flies originally
Step-by-step explanation:
Since we have an exponential growth, we will be having a constant percentage of increase and we can set up the increase at any day using the following equation;
V = I(1+r)^d
where V is the number of flies on a particular day
I is the initial number of flies
r is the constant increase in percentage
and d is the number of days.
So we have for the second day;
60 = I(1+r)^2 ••••••(i)
For the fourth day, we have;
360 = I(1+r)^4 ••••••••(ii)
divide equation ii by i; we have;
360/60 = (1+r)^4/(1+r)^2
6 = (1+r)^2
(√6)^2 = (1+r)^2
1 + r = √6
r = √6 - 1
So we can substitute the value of r in any of the equations to get I which is the initial number of flies
Let’s use equation 1
60 = I(1 + r)^2
60 = I(1 + √6 -1)^2
60 = I(√6)^2
60 = 6I
I = 60/6
I = 10 flies
I think 89 I don’t know why I am just guessing
