In calculating the interest on a car we have a formula
(interest rate/number of payments) x loan principal = interest.
Since, we have:
Interest rate = ?
number of payments = 60 ( 5 year loan x 12 months)
loan principal = 5800
interest = 797.50
We need to derive a formula to find the IR(interest rate)
(interest rate/60) x 5800 = 797.50
IR (5800) / 60 = 797.50
IR (5800) = 797.50 (60)
IR (5800) = 47850
IR = 47850/5800
IR = 8.25 %
1.25 x 250=$312.50 as Alex’s new salary.
1.25 x 180=$225 as Ben’s new salary.
Now subtract Ben’s salary from Alex’s salary
312.50 - 225=$87.50
Alex earned $87.50 more in one month than Ben
5/8 as a decimal would be 5/8 times 100/x because if you found the equivilent fraction you would be able to multiply it by the upside-down-fraction and get 1 for example 2/4 =1/2 if you multiply 4/2 with 1/2 you would get 4/4 or 1
so 5/8 times 100/x =500/8x=1
then use long division to solve 62.5/100=62.5%
Answer:
50 cents or $0.50
Step-by-step explanation:
<u>Step 1: Find the unit price</u>
To find the unit price you must divide away the total units from the total cost.
→ 
Answer: 50 cents or $0.50
