First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
<span>B. 16 quarts of the 2% milk and 24 quarts of the 7% milk
First, let's create an equation to solve.
x = quarts of 2% milk
(40-x) = quarts of 7% milk
So we have the equation
x*2 + (40-x)*7 = 40*5
Now to solve for x
x*2 + (40-x)*7 = 40*5
x*2 + 7*40 - 7*x = 40*5
x*2 - 7*x = 40*5 - 7*40
-5*x = - 2*40
x = 2*8
x = 16
So we need 16 quarts of 2% milk and 40-16 = 24 quarts of 7%, which matches option "B".</span>
Answer:
3/8 is your answer.
Step-by-step explanation:
Given:
<em>8 kids bought a 3 cakes.</em>
Required:
<em>How many equal parts will need to divide it so that everyone can have it.</em>
Solution:
3/8
Hope this helps ;) ❤❤❤
