Answer:
Explanation:
<u>1. Calculate the monthly interest owed during year 1</u>
<u />
- <em>Interest for first year: 8%</em>
- The monthly rate is the yearly rate divided by 12: 8% / 12 = 0.08/12
- The monthly interest owed is the monthly rate times the balance: (0.08/12)×$1,800 = $12.00
<u>2. Calculate the monthly interest owed during year 2</u>
<u />
- <em>Interest for second year: 23%</em>
- The montly rate is the yearly rate divided by 12: 23% / 12 = 0.23/12
- The monthly interest owed is the monthly rate times the balance: (0.23/12)×$1,800 = $34.50
<u>3. Calculate the difference</u>
- Difference in the monthly interest owed during year 1 and year 2 = $34.50 - $12.00 = $22.50
Hence, the answer is the option c) $22.50
(1,3) means that x = 1 and y = 3. Let's make substitutions to see what happens with the inequality
5*x + y < -3
5*1 + y < -3 ... replace x with 1
5*1 + 3 < -3 ... replace y with 3
5 + 3 < -3
8 < -3
This is false. The number 8 is NOT smaller than -3.
So (1,3) is NOT a solution
Answer: Choice A) No
