2. If a person borrows $475 at the beginning of the month and promises to pay back $575.75 on payday at the end of the month,a) What is their monthly interest rate [(Final-Initial)/Initial*100%]? minus: 0($575.75-$475) / $475 x 100%$100.75 / $475 x 100%= 0.2121052632Therefore, monthly interest rate is 0.2121052632%i worked out the answer but just wanting know if i should let the answer remain in that long decimal places. thamks.
2. If a person borrows $475 at the beginning of the month and promises to pay back $575.75 on payday at the end of the month,
a) What is their monthly interest rate [(Final-Initial)/Initial*100%]? minus: 0
($575.75-$475) / $475 x 100%
$100.75 / $475 x 100%= 0.2121052632
Therefore, monthly interest rate is 0.2121052632%
i worked out the answer but just wanting know if i should let the answer remain in that long decimal places. thamks.
Starting amount=$475
Amount at the ...
Math
Algebra
Applications of Mathematics
Related Algebra Q&A
Find answers to questions asked by student like you
Show more Q&A addQ: Fill in the blank so that the resulting statement is true. To divide x + 4x-3x +8 by x-5 using synth...
A: The given polynomial is x3+4x2-3x+8.
Q: (-1+i)-(-7+4i)-5
A: Simplify the expression (–1+i) – (–7+ 4i) – 5 as follows.(–1+ i) – (–7+ 4i) – 5 = –1+ i +7– 4 i – 5 ...
Q: Use the Rational Zero Theorem to list all possible rational zeros for the given function. fx) -3x-4x...
A: First we have to find all the factors of 6.
Q: The length of one leg of a right triangle is 12 meters. The length of the hypotenuse is 8 meters lon...
A: Given information:The length of one leg of a right triangle is 12 meters. The length of the hypotenu...
Q: Problem 6.37
A: Since f(x) is of degree 5, then f(x)-1 is also of degree 5. And given that f(x)-1 is divisible by (x...
Q: Use the graph of y f(x) to graph the function g(x)=f(x)-2 Choose the correct graph of g below y fox)...
A: g(x)=f(x)-2 means the graph will move 2 units down.
Q: If a given line has a negative slope, then what is the sign of the slope of the line that is perpend...
A: Given information:The line has a negative slope.
Q: 22828 8 What do you observe? 82843 A decimal approximation for 8 is 2.8284271. Use a calculator to f...
A: We are given
Q: what is 2-5
A: In this question we have to explain what the value is of 2 - 5
