Answer:
The nominal annual interest rate is 15%.
The effective interest rate is 16.08%.
Step-by-step explanation:
$9,375 = $325 (P/A, i%, 36)(P/A, i%, 36)
= $9,375/$325= 28.846
From compound interest tables, i = 1.25%
Nominal Interest Rate= 1.25 x 12= 15%
Effective rate = (1+ (0.15/36))^36-1=1.004^36-1= 16.08%
Answer:
B)
Step-by-step explanation:
Because it says that Alex wants to spend exactly $30 so you want to have 30 as the total ( = 30 )
and it says 18 plus, you only add 18 one time ( 18 + )
and then it says 0.12 per mile, so you need to do something times 0.12 + 18 and get exactly 30. so you do ( 0.12x ) in this case we're not solving it we're just doing the equation so it's just 0.12x instead of a specific number
Put it all together and you get 18 + 0.12x = 30
Hope this helps dude
Answer:
these numbers are limited and you can make sure using a calculator
Answer:
Step-by-step explanation:
Number 5 is third option
and number 6 is second option
Here's how you solve this. So, x+y=2, right? Let's isolate x. x+y-y=2-y. x=2-y. NOW, if x=2-y, in 3x+2y=5, we can REPLACE x with 2-y and use it to solve for y! 3x+2y=5. 3(2-y)+2y=5. (3*2)+(3*-y)+2y=5. 6+(-3y)+2y=5. 6+(-y)=5. 6+(-y)-6=5-6. -y=-1. -y/-1=-1/-1. y=1.
So, if y=1, we can substitute that back into either equation--but let's go with the easier one, x+y=2. x+1=2. x+1-1=2-1. x=1. 1+1=2, so that works; let's check the other equation. 3(1)+2(1)=5. 3+2=5. 5=5. That's correct!
Answer: x=1, y=1
