PLEASE HELP!! I need this completed ASAP but I don't understand any of it!! It's due very soon!

Mathematics

1 answer:

lidiya [134]2 years ago

6 0

Answer:

Step-by-step explanation:

a) you know interest is 22 and principal is 1000 and number of months is 1

b) I = rPm

r = I/Pm

c) r = 22 / 1000(1) = 0.022 /month or 2.2% per month

or 12(0.022) = 0.264 or 26.4 % per year.

d) interest is $15, loan period is 2 weeks which occurs once during the loan, interest rate is 10% per two weeks.

P = I/rm

e) P = 15 / 0.10 = $150

Notice that there are 52 weeks/yr / 2week loan period = 26 period in a year.

This means that the APR is 0.10(26) = 2.60 or 260% annual interest rate. Pretty good return on investment if you are the lender and can keep your money lent out. Not so good if you are the borrower.

You might be interested in

What is 4x(12x6-4^2)+9

krok68 [10]

Answer:

48x⁷ - 64x + 9

Step-by-step explanation:

Step 1: Write out expression

4x(12x⁶ - 4²) + 9

Step 2: Evaluate exponent

4x(12x⁶ - 16) + 9

Step 3: Distribute

48x⁷ - 64x + 9

8 0

3 years ago

Read 2 more answers

What is the median of 0.8, 1.0, 2.7, 2.8, 3.1, 13.3

tresset_1 [31]

Answer:

$2.75$

Step-by-step explanation:

<u>Step 1: Determine the median</u>

$0.8, 1.0, 2.7, 2.8, 3.1, 13.3$

The median of a set is the middle of the set. In this instance, we have 6 numbers so we don't have a number directly in the set representing the median. Instead, we need to find the average or middle between the 3rd and 4th number. So we take 2.7 and 2.8, add them together to get 5.5 and then we divide by 2 to get 2.75 which is our median.

Answer: $2.75$

5 0

2 years ago

Read 2 more answers

Distribute to create an equivalent

seraphim [82]

Answer:

6 - 16y

Step-by-step explanation:

2(3 – 8y) = 2 × 3 - 2 × 8y = 6 - 16y

7 0

2 years ago