The cost would be $4.74. 3.95 times 0.2 is 0.79. Add that to 3.95 and get 4.47
Hey there!
The answer would be B. y = 1.25x
If each pound is $1.25 and you get 4 pounds then that would equal to $5.00 or y.
Hope this helps !
First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
I can’t see it is to blurry
