Answer:
The indifference point is 8 weeks.
Step-by-step explanation:
<u>First, we establish the total cost formula for each:</u>
x= number of weeks
Club:
Total cost= 20 + 15*x
Retail:
Total cost= 17.5*x
<u>Now, we equal both formulas and isolate x:</u>
20 + 15x = 17.5x
20 = 2.5x
8=x
The indifference point is 8 weeks.
<u>Prove:</u>
Total cost= 20 + 15*8= $140
Total cost= 17.5*8= $140
The total amount Ernest owes the bank after 9 months is $1,225.00
How many months of interest would be paid?
The fact the loan was taken for nine months means that the borrower, Ernest needs to pay interest for nine months, in other words, we would time-apportion the annual interest of 30% to determine the 9-month interest as shown below:
9-month interest rate=30%*9/12
9-month interest rate=22.50%
The amount Ernest is owing the bank is the principal borrowed plus the interest for 9 months as computed below:
total amount owed after 9 months=$1000*(1+22.50%)
total amount owed after 9 months=$1000*1.2250
total amount owed after 9 months=$1,225.00
Find out more about borrowing on:brainly.com/question/28188613
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Answer:
6.08
Step-by-step explanation:
6 804/10,000= 60804/ 10000= 6.08
Answer:
the answer is $864 pls give brainliest
Step-by-step explanation:
This not might be correct (Cause in a middle schooler) but I think is....
440 divides by 24 = 18.3333333
We round it to the neared whole number which is 18.
18 x 2.80 = 50.4
So it is 50.4 altogether...
