Answer:
D
Step-by-step explanation:
Answer:
Step-by-step explanation:
The value of the collection originally was $1,000,000
What was the original value of the collection?
The original value of the collection is not known, hence, it is represented by X
The increase in value by $50,000 means that the value is X+$50,000
Now, when the error was discovered, it is now worth half of the value previously
The new value is (X+$50,000)*0.5
New value=(X+$50,000)*0.5
The new value at this point is $525,000
$525,000=(X+$50,000)*0.5
$525,000/0.5=X+$50,000
$1,050,000=X+$50,000
X=$1,050,000-$50,000
Find out more about change in value on:brainly.com/question/13097163
#SPJ1
Answer: B) $4,000
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount taken as loan
R represents interest rate
T represents the duration of the loan in years.
Considering Cathy's loan,
P = $20,000
R = 5.2%
T = 10 years
I = (20000 × 5.2 × 10)/100
I = $10400
Considering Steven's loan,
P = $20,000
R = 4.8%
T = 15 years
I = (20000 × 4.8 × 15)/100
I = $14400
The difference between the amounts of interest Cathy and Steven paid for their loans is
14400 - 10400 = $4000
In the question it is given that the length of the blue lake trail is 11 3/8 miles. In the question it is also given that Gemma has hiked for a total time of 3 hours and each hour she has hiked 2 1/2 miles.
Now coming to solving the problem we get:
Total length of blue lake trail = 11 3/8 miles
= 91/8 miles
Distance hiked by Gemma in 1 hour = 2 1/2 miles
= 5/2 miles
Then the total distance hiked by Gemma in 3 hours = (5/2) * 3
= 15/2 miles
The distance left to cover the full trail = (91/8) - (15/2) miles
= (91 - 60)/8 miles
= 31/8 miles
= 3 7/8 miles.
So Gemma is 31/8 miles or 3 7/8 miles from the end of the trail.
