4/6 = 14/21
When using cross product always multiply the left fractions numerator times the right side fractions denominator and the left side fractions denominator times the right side fractions numerator
4×21 = 6×14
84=84
They are equivalent because they both equal 84
The answer would be -1/6 or -0.166667
What you need to do is find a common multiple which is 11, Then you divide 22c and 33d by 11 so you get 2c and 3d Then since there is an addition sign you put 2c and 3d is ()
The Final answer is
11(2c+3d)
Answer:
Option 4.7% = 3,500 x 4.7% =$164.50 simple annual interest.
82.25 this is what Scott will pay in 6 months at simple interest.
Option 4.2% =3,500 x (1 +0.042/12)^6 =3,500 x 1.0035^6=$3,574.15.
3,500 =$74.15 this is what Scott will pay in 6 months at compounded interest.
The compound option is cheaper by: 74.15 =$8.10.
When I took the test, I selected "C. an arrangement in which you receive money now and pay it back later with fees" but I got it wrong. So I'm pretty sure the answer is "A. an arrangement in which you receive money, goods, or services now in exchange for the promise of payment later"
