To solve this, you cross multiply, then divide. In this case, we multiply 4 and 2, then divide by 3.
4 x 2 = 8
8 / 3 = 2.66
So, x is 2.66
Answer:
Step-by-step explanation:
We would apply the simple interest formula which is expressed as
I = PRT/100
Where
P = principal or amount borrowed
T = time in years
R = interest rate on amount borrowed.
I = interest paid.
From the given information,
Principal = $3000
T = 3 months = 3/12 = 0.25 years
R = 6 1/2 % = 6.5%
Therefore,
a) the amount that the woman pay for the use of the money is I
I = (3000 × 6.5 × 0.25)/100 = 48.75
b) The amount she repaid to the bank on the due date of the note would be
Principal + interest
= 3000 + 48.75 = $3048.75
Answer:
Cost of One Journal = $3.99
Cost of One pen = $0.59
Step-by-step explanation:
Let
Cost of One Journal = x
Cost of One pen = y
We can make equation from given statements.
Mr. Bowden purchases 18 journals and 40 pencils for $95.42.

Ms. Jacinto purchases 11 journals and 16 pencils for $53.33.

Now solving these equations to find the value of x

Multiply eq(1) with 2 and eq(2) with 5

We get the value of x is: x=3.99
Now, putting value of x in equation 1 to find value of y.

So, we get the value of y: y = 0.59
Now, finding the costs:
Cost of One Journal = x = $3.99
Cost of One pen = y = $0.59
Answer:
2.66 or 2 2/3
Step-by-step explanation: