Answer:it is 2
Step-by-step explanation:
Answer:
Step-by-step explanation:
<u>Given:</u>
- I = 5% = 0.05
- t = 2 years
- Let the sum is x.
<u>Simple interest:</u>
<u>Compound interest:</u>
- CI = x*(1 + 0.05)² - x = 1.1025x - x = 0.1025x
<u>The difference is 230:</u>
- 0.1025x - 0.1x = 230
- 0.0025x = 230
- x = 230/0.0025
- x = 92000
Answer:956012
Step-by-step explanation:
Answer:
$50.08
Step-by-step explanation:
Let's use x to represent the lesser expensive hat and 2x to represent the more expensive hat since the more expensive hat is twice the price.
So, our equation would be 2x + x = 75.12
We can combine them together to make 3x.
Then, we make the 3x equal to 75.12
3x = 75.12
Now, we solve it.
Divide both sides by 3 to solve for x.
75.12/3 = 25.04
x = 25.04
Lastly, plug it in for 2x to get the price of the more expensive hat.
2(25.04) = ?
2(25.04) = 50.08
Therefore, the price of the more expensive hat is $50.08
