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:
acceleration of the golf ball will be faster. ( A )
Step-by-step explanation:
if you DROP a bowling ball vs a golf ball, the bowling ball will drop faster cause it’s heavier. but if you push a golf ball vs a bowling ball with the same force, the golf ball will be faster because it’s lighter. pushing a bowling ball with a lot of force will move it a certain amount, but moving a golf ball with that same force will go way past the bowling ball just cause it’s lighter.
Answer:
see the attachments below
Step-by-step explanation:
When the calculations are repetitive using the same formula, it is convenient to put the formula into a spreadsheet and let it do the calculations.
That is what was done for the spreadsheet below. The formula used is the one given in the problem statement.
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For doubling time, the formula used is the one shown in the formula bar in the attachment. (For problem 11, the quarterly value was used instead of the monthly value.) It makes use of the growth factor for the period used for the rest of the problem.
The doubling time is in years.
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The doubling time can also be found using a graphing calculator. In the second attachment, we have written a function that shows the multiplier for a given interest rate r and compounding n. The x-intercept in each case is the solution for t that makes the multiplier be 2. The steeper curve is associated with the higher interest rate.