Answer:
a = $31.23 per month
b = $20.83 per month
c = 249.98 = $249.98 interest charges
= $624-249.98 = 374.02 profit part decrease 8% inc.
d = 35.35%
e = Answer is in the name; basic payment is a contract which means whilst account remains open charges are requested without fail. Should balance be less or on zero, charges are still applied.
Step-by-step explanation:
2500 x 1.2499 = interest only for start month 13 =3124.75
3124.75/ 100 x 1.08 = 8% of this = 249.98 each year.
We only have to divide each by 12 to work out monthly individual charges and subtract to find out payments.
3124.75 - 249.98 = 2874.77 = Total after charges each year.
249.98/12 = 20.83 = monthly charges.
3124.75- 2500 = 624.75 payments each year
624.75/12 = 52.06 month 1 payment before charge
52.06-20.83 =31.23 total minimum payment
2500 + 249.98
Percentage = 200:600 = 1/3 33% + (comparing to ratio 10:25 closer to 40%)
We find ratio 200:600= 33.33 + 49.995/24.75 = 2.02
33+2.02 = 35.35%
You're right on what you've been doing
Gizmo can eat 10/3 * 2 = 6 2/3 bowls in 10 minutes
Leo can eat 10/6 * 1 = 1 2/3 bowls in 10 minutes
Together they can eat 8 1/3 bowls in 10 minutes.
Answer: He is Incorrect, It's 38
Work: For this question, I did the Cross-Product Method. The Cross Product Method is when you solve equation via to fractions. With the CPM, One one side of the fraction, I had x / 20 (Twenty being the whole number) and on the other side, I had 190/100 (190 being the percent) After setting this up, I made the equation. 190 times 20 is 3800, and the other multiplication is 100 times x which is 100x. So, the new equation is 3800 = 100x. I divided both sides by 100, and the answer is 38 = x
<em>I hope this helps, and Happy Holidays! :)</em>
