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damaskus [11]
3 years ago
11

Ricardo borrows $1,850 for 10 months at an interest rate of 12.25%. What amount will

Mathematics
1 answer:
jonny [76]3 years ago
7 0

9514 1404 393

Answer:

  $2038.85

Step-by-step explanation:

The value of the loan at that point is given by ...

  A = P(1 +rt) . . . . . Principal P, rate r, time t (years)

  A = $1850(1 + 0.1225·(10/12)) = $2038.85

Ricardo will have paid back $2038.85 at the end of the loan period.

_____

<em>Additional comment</em>

We assume that the loan accrues simple interest and that the amount due is the sum of principal and interest at the end of the loan period.

The question is not specific as to whether interest compounds, or whether intermediate (monthly) payments are made. There are many possible ways the loan could be repaid, generally involving different amounts for the different terms.

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Function A and Function B are linear functions. Compare the two functions and choose all that are correct.
Olegator [25]

Answer:

  2 .The slope of Function A is less than the slope of Function B

Step-by-step explanation:

A graph of Function A shows it has a y-intercept of 4, the same as that of Function B. (Statements 3 and 4 are not correct.)

The slope of Function A is 2, which is less than the slope of 3 that Function B has. (Statement 2 is correct; statement 1 is not.)

_____

<em>More detailed working</em>

The slope of Function A can be figured easily between the points with x-values that differ by 1:

  m = (y3 -y2)/(x3 -x2) = (24-22)/(10-9) = 2/1 = 2 . . . . . Fun A has slope of 2.

The slope of Function B is the coefficient of x in the equation: 3.

__

The y-intercept of Function A can be found starting with point-slope form:

  y -22 = 2(x -9)

  y = 2x -18 +22

  y = 2x +4 . . . . . . . slope-intercept form

The intercept of +4 is the same as that of Function B.

5 0
3 years ago
Read 2 more answers
N the function y = 12.00x + 50, y represents the cost of carpet by the square yard and x represents the number of square yards.
borishaifa [10]

Answer:

The cost increase for each square of carpet by 12.

Step-by-step explanation:

The given function is

y=12.00x+50

It is a slope intercept form of the line

y=mx+b

Where m is the slope and b is y-intercept.

Therefore the slope of given function is 12 and the y-intercept is 50.

It means the initial ot fixed cost of the carpet is 50 and the cost increased by 12 for each square of carpet.

3 0
3 years ago
The sum of x and 5 is 12. What is the value of x? Enter your answer in the box as a fraction in simplest form. x =
larisa [96]

This might help it has tons of different problems for your subject.


https://www.wyzant.com/resources/lessons/math/algebra/calculators/proportion

5 0
3 years ago
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Julio says, "If you subtract 19 from my number and multiply the difference by - 7, the result is - 28." What is Julio's number?
ra1l [238]

Answer:

23

Step-by-step explanation:

Basically I did it backwards & opposites:

-28 divided by -7 = 4

4 + 19 = 23

I checked btw and it worked.

4 0
2 years ago
Harry purchased a house for 800,000.He also pays 31,000 in commission.What is the percent of the commission ?
Andru [333]
The answer is 1.548486328125
3 0
3 years ago
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