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Lelu [443]
2 years ago
7

Linda Davis agreed to lend money to Alex Luciano at a special interest rate of ​9% per​ year, on the condition that he borrow en

ough that he would pay her ​$400 in interest over a ​-year period. What was the minimum amount Alex could​ borrow?
Mathematics
1 answer:
Alekssandra [29.7K]2 years ago
4 0

9514 1404 393

Answer:

  $4444.44

Step-by-step explanation:

The amount of interest on a given principal is found by ...

  I = Prt . . . . principal P earning annual rate r for t years.

We want ...

  400 = P×0.09×1

  P = 400/0.09 ≈ 4444.44

Alex needs to borrow $4444.44.

_____

<em>Additional comment</em>

For exactly $400 in interest, the amount is not an integral number of cents, so some rounding of interest or loan amount must occur. In that case, the minimum to borrow is that which will give a calculated interest of at least $399.995. That amount is $399.994/0.09 ≈ $4444.3888.... ≈ $4444.39. Alex can borrow a minimum of $4444.39 and still have to pay $400 in interest.

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I am Lyosha [343]
For question 7, if we add all votes for tiger and eagle, we get

tiger = 14 + 13 + 8 + 5 = 40
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question 8

rolling a cube does not affect the other cube so it is all independent probability.
cube: 1 2 3 4 5 6
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so probability of rolling an even number is

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3 years ago
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Your answer is:
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4 0
3 years ago
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a group of friends are hiking on trail y when they reach an intersection with trail x. Trail x is perpendicular to trail y. If t
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3 years ago
40% of the children in a sports club play badminton. 25% of the children who play badminton also play squash. There are 11 child
Keith_Richards [23]

Answer:

There are 110 children total in the sports club

Step-by-step explanation:

To get this answer, its actually easier than it seems. You might need a calculator however.

First you start with the 11 children who play both badminton and squash, then, you divide that by 0.25 (25%) to get 44.

Next you take 44 and divide it by 0.4 (40%) to get 110.

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3 years ago
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