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Bad White [126]
2 years ago
15

Error Analysis: Mr. Hasson is buying a new bike for the summer time. The bike originally costs $150 but he sees it's on sale for

30% off. Mr. Hasson thinks that this means the price is $149.70 because 30% means 0.30 and 150 - 0.30 = $149.70.
What is the error that Mr. Hasson made?
What is the correct way to calculate the sale price?
Mathematics
1 answer:
evablogger [386]2 years ago
4 0

Answer:

$45

Step-by-step explanation:

30% ÷100 =0.3. 0.3×150= 45

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If $1,000 is invested at 4% simple interest, how much will the investment be worth after 2 years? Please explain how compound an
Novay_Z [31]
<h3>Answer:</h3>
  • simple interest: $1080.00
  • compounded annually: $1081.60
<h3>Step-by-step explanation:</h3>

<em>Simple Interest</em>

Simple interest is computed on the principal amount only. Each year, 4% of the principal is added to the balance. So, at the end of 2 years, the balance is ...

... $1000 + 0.04×$1000 + 0.04×$1000

... = $1000×(1 + 0.04×2) = $1000×1.08

... = $1080.00

_____

<em>Comment on the computation</em>

The added interest is the rate (per year) multiplied by the number of years. Here, that is 0.04×2×(principal amount). The formula for the simple interest earned is often seen as ...

... I = Prt . . . . . where I is the amount of interest, P is the principal amount, r is the interest rate for the time period, t is the number of time periods.

The account balance (A) with interest added is ...

... A = P + I = P + Prt

... A = P(1 +rt)

Here, the time period is years, and the rate given is an annual rate.

____

<em>Compound Interest</em>

Compound interest is computed on the <em>account balance</em> at the beginning of the period, not just the <em>principal</em> amount. After the first period, the account balance includes interest earned so far. So, the interest is earning interest. That is why it is called compounded interest.

Here, the balance at the end of the first year is the principal amount plus the interest that has earned:

... $1000 + 0.04×$1000 = $1000×1.04 = $1040.00

The balance at the end of the second year when the interest is compounded is this account balance plus the interest it earns:

... $1040 + 0.04×$1040 = $1040×1.04 = $1081.60

You may notice that the intial principal, $1000, has been multiplied by the factor 1.04 twice. Using exponents, the multiplier for a period of 2 years is 1.04×1.04 = 1.04².

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<em>Comment on the computation</em>

The multiplier of the account balance each year is raised to a power that is the number of years. Here, the account balance at the end of 2 years is (1+0.04)² times the principal amount. A formula that is seen for this is ...

... A = P(1 +r)^t . . . . . where A is the final account balance, P is the principal amount, r is the interest rate for the time period, and t is the number of time periods.

7 0
3 years ago
(10 points)What is the sum of the first ten terms of the sequence 4,-12, 36, -144...
MrRissso [65]

Answer:

b

Step-by-step explanation:

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The total number of restaurant-purchased meals that the average person will eat
ella [17]

78 meals are eaten in a restaurant, 58 meals are eaten in a car, 33 meals are eaten at home and the question is solved by using linear equations.

What is the linear equation?

A linear equation is an algebraic equation of the form y =mx+b, where m is the slope and b is the y-intercept, and only a constant and a first-order (linear) term are present. The variables in the above equation are y and x, and it is occasionally referred to as a "linear equation of two variables."

Given that the total number of meals is 169.

Assume that,

a = number of meals eaten in a restaurant

b = number of meals eaten in a car

c = number of meals eaten at home

a + b + c = 169 .....(i)

Since the total number of these meals eaten in a car or at home exceeds the number eaten in a restaurant by 13.

Thus b + c = a + 13 .....(ii)

Again twenty more restaurant-purchased meals will be eaten in a restaurant than at home.

a = 20 + c .....(iii)

Subtract equation (ii) from (i)

a + b + c - b - c = 169 - a - 13

2a = 156

Divide both sides by 2

a = 78

Substitute a = 78 in equation (iii)

78 = 20 +c

c = 58

Putting c =58  and a =78  in equation (ii)

b + 58 = 78 + 13

b = 33

To learn more about system of linear equation, click on below link:

brainly.com/question/19786981

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Question:

The total number of restaurant-purchased meals that the average person will eat in a restaurant, in a car, or at home in a year is 169. The total number of these meals eaten in a car or at home exceeds the number eaten in a restaurant by 13. Twenty more restaurant-purchased meals will be eaten in a restaurant than at home. Find the number of​ restaurant-purchased meals eaten in a​ restaurant, the number eaten in a​ car, and the number eaten at home.

8 0
1 year ago
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