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:
Step-by-step explanation:
Can you give me more information on the question, so i can make sure that i give you the correct answer . I think its A but not totally for sure
Step-by-step explanation:
98 = 188t - 16t^2
-16t^2 + 188t = 98
-16t^2 + 188t - 98 = 0
8t^2 - 94t + 49 = 0
Use the quadratic formula with a = 8 , b = -94 , c = 49 to get the solutions
t = [(47 - root 1817) / 8]≈ 0.55
and
t = [(47 + root 1817) / 8] ≈ 11.20
(-6x-6)+(8x-6)
-6x-6+8x-6
2x-12
Hope this helps :)