Answer: $2.50
Step-by-step explanation:
Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer:
Unit rate miles per day is, 3
Step-by-step explanation:
Unit rate are defined as the rate are expressed as quantity of 1 such that 2 miles per hour or 5 km per hour.
As per the given statement: A construction crew built 1/2 miles of road in 1/6 days
by unit rate definition;
After substituting the given values we have
⇒
or
Therefore, unit rate miles per day is, 3
Step-by-step explanation:
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The correct answer is B. Two out of every five people in the shopping center are in the clothing store.
Step-by-step explanation:
To establish this answer we have to know the total number of people that were in the Shopping Center. So, we have to add people from every store.
48+96+20+64+12=240
The result of this operation is 240 people.
Later we have to divide the total number in 5 and multiply by 2.
So, the operation is
240/5 = 48
48x2=96
According to the above, the correct answer is B. Two out of every five people in the shopping center are in the clothing store.
Amount Financed: $2,650
Finance Charge: $484.69
Number of Payments: 36
(Finance Charge)/(Amount Financed)*100$=($484.69)/($2,650)*100$
(Finance Charge)/(Amount Financed)*100$=(0.1829)*100$
(Finance Charge)/(Amount Financed)*100$=$18.29
In the row of number of Payments 36, we look for:
(Finance Charge)/(Amount Financed)*100$=$18.29, and we see to which annual porcentage rate it corresponds in the first row
Answer: 11.25%
