Answer:
5
Step-by-step explanation:
Answer:b
Step-by-step explanation:
Please, post just one problem at a time, or (if you post more than one), indicate which one you want to focus on first. Even more important, please do whatever you can to get started on each problem; I'm sure you know at least some basics.
What does "intersecting" mean? Look it up if you're not sure.
Then what would "two intersecting lines" look like? Draw the graph, or at least explain in words what the graph would look like.
Answer:
the answer is actually $389.71
Step-by-step explanation:
Ist amount paid = $1500
Making $350 for 10 months = 10*350 = $3500
Total amount paid = 1500 + 3500 = 5000
So an amount of $5000 was paid to cover the cost of $4500 within the ten month period.
I = PRT
Interest, I = 5000 - 4500 = 500Time, t = 10 months = 10/12 = (5/6) year.Principal P = 4500
R = I /(PT) R = 500 / (4500*5/6)
R = (500*6) / (4500*5)
R = 0.1333..
R ≈ 13.33 % per annum.
