Answer:
percentage of interest = 22.6% (to one decimal place)
Step-by-step explanation:
actual price paid (including interest) = 429, out of which
interest = 429-350 = 79
Percentage of interest out of actual price paid
= 79/429* 100%
= 22.6%
Answer:
A) $525,000
B) $975,000
C) 35%
Step-by-step explanation:
To solve A) and B), divide the total amount of money by the sum of the parts of the ratio (7 + 13 = 20, in this case), and then multiply this by the person's portion of the ratio. This is because you are finding the worth of '1 part', and are then multiplying it to find how much money all their parts are worth together.
To solve C), take a person's portion of the ratio, divide it by the sum of the portions of the ratio and then multiply by 100% to get a percentage. In this case, 7/(7 + 13) * 100% = 7/20 * 100% = 0.35 * 100% = 35%.
<span>-2x – 4 < 10
add 4 to both sides
-2x - 4 + 4 < 10 + 4
simplify
-2x < 14
divide both sides by -2
-2x/-2 < 14/-2
simplify
x < -7</span>
Answer:
$19,747.96
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below:
<em>A = total</em>
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
<em />
First, lets change 5.5% into a decimal:
5.5% -> 
-> 0.055
Next, plug in the values into the equation:
After 5 years, you will have $19,747.96
