Mrs. Johnson borrows $1400 with an interest rate of 5.5%. How much interest does she pay if she pays off the debt in 8 months?
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Answer:
.
Step-by-step explanation:
We have been given that Nike reported a profit of $28,951,000 for one quarter (3 months), a profit of $20,570,000 for the second quarter, a profit of $15,342,000 the third quarter, and a loss of $48,037,000 for the fourth quarter.
To find the net profit for year, we will subtract the loss in the 4th quarter from the sum of profit in 3 quarters as:
Therefore, the net profit for the year was .
A proportion looks like this:
It means that the quantity a,b,c and d are in the same proportion: the ratio between a and b is the same ratio between c and d.
They are particularly useful in situation when you have an example given, and you want to extrapolate the relationship for another couple.
For example, you can think of the following problem: "Five apples cost 2 dollars. How much will 8 apples cost?"
You can build the proportion
And then solve it for x: