Answer: Divide Kayak budget by rental rate
Step-by-step Explanation:
As Joshua is renting for himself alone, the two available options would be the Single Kayak and the Single Sea Kayak.
He can determine the number of hours to rent a Kayak for by dividing his Kayak Budget by the rental rate per hour of the 2 options available to him.
<h2>
Single Kayak</h2>
Budget available = $50
Rental rate = $15 per hour
Hours he can rent = 50/15
= 3.33 hours
<h2>
Single Sea Kayak</h2>
Budget available = $50
Rental rate = $18 per hour
Hours he can rent = 50/18
= 2.78 hours
Answer
50 dollars
Explanation
Answer:
Current Bond price = $1155.5116
Step-by-step explanation:
We are given;
Face value; F = $1,000
Coupon payment;C = (7.3% x 1,000)/2 = 36.5 (divided by 2 because of semi annual payments)
Yield to maturity(YTM); r = 5.6%/2 = 2.8% = 0.028 (divided by 2 because of semi annual payments)
Time period;n = 13 x 2 = 26 years (multiplied by 2 because of semi annual payments)
Formula for bond price is;
Bond price = [C × [((1 + r)ⁿ - 1)/(r(r + 1)ⁿ)] + [F/(1 + r)ⁿ]
Plugging in the relevant values, we have;
Bond price = [36.5 × [((1 + 0.028)^(26) - 1)/(0.028(0.028 + 1)^(26))] + [1000/(1 + 0.028)^(26)]
Bond price = (36.5 × 18.2954) + (487.7295)
Bond price = $1155.5116
Answer:
x = 10
Step-by-step explanation:
Solve for x:
-8 (8 - x) = (4 (x + 10))/5
Multiply both sides by 5:
-8×5 (8 - x) = (5×4 (x + 10))/5
(5×4 (x + 10))/5 = 5/5×4 (x + 10) = 4 (x + 10):
-8×5 (8 - x) = 4 (x + 10)
5 (-8) = -40:
-40 (8 - x) = 4 (x + 10)
Expand out terms of the left hand side:
40 x - 320 = 4 (x + 10)
Expand out terms of the right hand side:
40 x - 320 = 4 x + 40
Subtract 4 x from both sides:
(40 x - 4 x) - 320 = (4 x - 4 x) + 40
40 x - 4 x = 36 x:
36 x - 320 = (4 x - 4 x) + 40
4 x - 4 x = 0:
36 x - 320 = 40
Add 320 to both sides:
36 x + (320 - 320) = 320 + 40
320 - 320 = 0:
36 x = 40 + 320
40 + 320 = 360:
36 x = 360
Divide both sides of 36 x = 360 by 36:
(36 x)/36 = 360/36
36/36 = 1:
x = 360/36
The gcd of 360 and 36 is 36, so 360/36 = (36×10)/(36×1) = 36/36×10 = 10:
Answer: x = 10