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IRISSAK [1]
3 years ago
7

If you paid $160 in interest to a loan company for the use of $10000 of or 30 days, what annual simple interest rate did they ch

arge?
Mathematics
1 answer:
Arisa [49]3 years ago
6 0

Answer:A loan company charges $30 interest for a one month loan of $500. Find the annual interest rate they are charging.

Step-by-step explanation:You will earn $160 interest total over the four years. Try it Now 1. A loan company charges $30 interest for a one month loan of $500. Find the annual interest ...

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A positive integer is 5 more than 23 times another. Their product is 6732. Find the two integers.
inna [77]
Another way to write this is:
x = 23y + 5
xy = 6732

Now plug in the first equation into the second:
(23y + 5)y = 6732
23y^2 + 5y - 6732 = 0

Either use quadratic equation or factor:
(y - 17)(23y + 396) = 0
y = 17 or -396/23

You know you can automatically eliminate the second y because it's negative and you need the two integers to multiply to a positive number (6732).

Plug y = 17 back into either equation (second might be easier):
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