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.
Answer: 10
2AX=BD
2(3y-5)=5y
6y-10=5y
add 10 to each side 6y+10-10=5y+10
6y=5y+10
subtract 5y from each side 6y-5y=5y-5y+10
6y-5y=y
y=10
Step 1: Isolate the absolute value
Step 2: Is the number on the other side of the equation negative?
Step 3: Write two equations without absolute value bars
Step 4: Solve both equations
The cost of one sandwich is $3.90
The cost of one deknk is $1.50
hopefully this is correct
