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2 years ago

Please Help Me!

Mathematics

2 answers:

DochEvi [55]2 years ago

8 0

$9500/100*9=$855 first year
So, two years are $1710 of interest.
$9500+$1710=$11,210
$11,210/24=$467.08 monthly payment

Yuri [45]2 years ago

4 0

Answer:

a. 1710 b. 71.25

Step-by-step explanation:

the formula for simple interest is i=prt

2(9500)(0.09)= 1710

to find the monthly payment, divide by the number of months.

1710/24=71.25

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4 years ago

the wholesale price for a pair of shoes is $5.50. A certain department store marks up the wholesale price by 40%. Find the price

Furkat [3]

EXPLANATION

Price of shoes = $5.50

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Let's call x to the unknown final price.

The markup percentage relationship is given by the following formula:

$\text{Markup =( }\frac{Selling\text{ Price}-\text{Cost Price}}{\text{Cost Price}})\cdot100$

Replacing terms:

$\text{40}=(\frac{x-5.5}{5.5})\cdot100$

Multiplying both sides by 5.5:

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Dividing both sides by 100:

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Adding 5.5 to both sides:

$(\frac{40\cdot5.5}{100})+5.5=x$

Simplifyng the fraction:

$2.2+5.5=x$

Adding numbers:

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Switching sides:

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