Answer:
the answer depends on which type of interest we use:
- simple interest rate = 24%
- compound interest rate = 26.82%
Step-by-step explanation:
the interest rate paid for holding the cards one month 1/50 or 2%.
to convert 2% monthly interest rate to a simple annual rate:
monthly rate x 12 months = 2% x 12 = 24%
now to convert 2% monthly interest rate to an annual rate (using compound interest):
- = (1 + r)ⁿ - 1
- = (1 + 0.02)¹² - 1 = 1.2682 - 1 = 0.2682 or 26.82%
in compound interest, earned interest earns even more interest by itself besides the interest earned by the principal.
Answer:
A = (5,3)
B = Begin at origin, move 3 units in a positive direction along the x-axis, move 4 units in a positive direction parallel to the y-axis
C = (4.5, 6)
D = Begin at origin, Move 0 units along the x-axis, Move 4.5 units in positive direction parallel to the y-axis
Step-by-step explanation:
Answer:
You save 86 cents per pound.
Step-by-step explanation:
According to the given problem, grocery store B charges chicken 5 pounds of chicken for $38.20. Consider finding the unit price:
To find the unit price of any item, do the following calculation:
Total Price / Total amount = $$$ per amount.
The unit price of store b is
. In other words, every pound of chicken costs $7.64 at store b.
For store a, we are provided with a table. Given how the question is being asked, we should <u>expect a higher unit price</u>. We can take any charge to find the unit price since the price should be consistent no matter how many pounds you buy. I will calculate the first row:

In other words, every pound of chicken costs $8.50 at store a. <u>This price is higher</u>. You can verify this is the correct unit price by multiplying the unit price with any amount of pounds provided at the table. You should get the total cost.
So, now that we have both unit prices, we can calculate the difference to find out how much we save per pound when choosing store b:
8.50-7.64=0.86.
Answer:
Ok, the solution to the first one. See below.
Step-by-step explanation:

See attachment below.
Best Regards!