Cash advance = 120
annual interest rate = 30% compounded monthly
<span>
term = 5 years
</span><span>A = P (1 + r/n)^nt
</span>A = future value of the cash advance
P = principal or value of cash advance
r = interest rate
n = times interest is compounded
<span>
t = terms or years</span>
A = 120 (1 + 30%/12)^12 * 5
A = 120 (1 + 0.025)^60
A = 120 (1.025)^60
A = 120 (4.40)
<span>
A = 528
</span>528 total amount including principal.
528 - 120 = 408 total interest paid
I hope this helps!!
Answer:
$2625
Step-by-step explanation:
A commission rate of 21% means you get a commission that is 21% of the value of the sale. To find this amount, multiply the value of the sale by 21%. Of course, you know that 21% = 21/100 = 0.21.
21% · $12,500 = $2,625
You earn $2625 on the sale.
Answer:
C) A = 
Step-by-step explanation:
First, read through what the question is asking.
Now, read it again, but slowly and take in everything it is saying (Don't read into it too slowly, or else you will over-complicate the problem and get frustrated - told from experience :) )
Alright, 4 less than 3 times the width. So, lets rearrange this and give width a variable (w).
So, the length is equal to:
l = 3w - 4
and the width is equal to:
w = w
The area of a rectangle is A = l * w
Let's plug in the values.
A = (3w - 4) * w
Now, simplify:
A = 
A =
is your final answer.
I hope this helps!
Answer:
The sum of money received by Ali, Carrie and Bryan is $ 740.
Step-by-step explanation:
At first we translate mathematically each sentence:
(i) <em>Ali, Carrie and Bryan received a sum of money. </em>
- Ali's money.
- Bryan's money.
- Carrie's money.
(ii) <em>Bryan's money was </em>
<em> of Ali's money</em>.
(1)
(iii) <em>The ratio of Ali's money to Carrie's money was 4 : 1</em>.
(2)
(iv) <em>Ali had $ 160 more than Bryan</em>.
(3)
After some algebraic handling, we have the following system of linear equations:
(1b)
(2b)
(3b)
The solution of the system is:
,
, 
The sum of money is:


The sum of money received by Ali, Carrie and Bryan is $ 740.