Answer:
3.48%
Step-by-step explanation:
Interest rate is the one variable in the amortization formula that cannot be solved for directly. An iterative or graphical approach is needed. There is no formula. Financial calculators, financial apps, and spreadsheets are all able to do this calculation.
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In the attached, we have used a graphing calculator to find the value of interest rate (in %) that makes the loan payment be $200 for a loan of $11,000. It shows us the rate is 3.48%. (A financial calculator confirms this value.) The x-intercept in the graph is the interest rate that makes the difference between the payment and $200 be zero. In our formula for the payment, we have used t for years. 60 monthly payments is 5 years.
First statement is correct. If Sasha reads her novel for 94 minutes, she meets the minimum reading requirement without reading any of the autobiography.
Given,
The rate of reading of a novel by Sasha = 0.8 pages per minute
The rate of reading of autobiography by Sasha = 0.5 pages per minute
The reading requirement of Sasha's English class = atleast 75 pages per week
The given equation: 0.8n + 0.5a ≥ 75
n is the number of minutes she reads the novel
a is the number of minutes she reads the autobiography
Now, let's check the statements:
Statement 1: If Sasha reads her novel for 94 minutes, she meets the minimum reading requirement without reading any of the autobiography.
That is,
0.8 × 94 + 0.5 × 0 ≥ 75
75.2 ≥ 75
This statement satisfies the equation.
Other 4 statement didn't satisfy the equation.
So, first statement is correct.
Learn more about rate of reading here:
brainly.com/question/4459849
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First, we have to know how much percentage the tip is from
the meal cost. So,
($12.45 ÷ $56.75 ) * 100 = 21.94%
Thus, it is above the standard 15%. It is a good day for
Lenicia! Keep it coming :)
Answer:
43.10
Step-by-step explanation:
Je parle une ciart mwoa
1 + 3n + 7n = 7(n + 4) + 6(3n + 3)
1 + 3n + 7n = 7n + 28 + 18n + 18
10n + 1 = 25n +46
25n - 10n = 1 - 46
15n = -45
n = -45/15
n =-3