Ms. Lorenz works at the grocery store she is equally likely to be assigned to work in the bakery section, the floral section, th
1 answer:
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Answer:
The rule could cost 24 cents at most.
Step-by-step explanation:
Let x cents be the price of the ruler.
Alice is 22 cents short, so Alice has x - 22 cents.
Betty is 3 cents short, so Betty has x - 3 cents.
When they combine their money they have
x - 22 + x - 3 = 2x - 25 cents.
This amount is still not enough, so
Solve this inequality:
The rule could cost 24 cents at most.
The limits for a C grade are 68 to 78.
Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: ×
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal