When we solve these equations x= 7.5 and y= 1.5.
To answer this question you would subtract the $250 deductible from $1400. The answer would be $1150 remaining After the deductible. You would then pay 10% of this $1150 for your cost. 0.10 times $1150 =$115. Add the $115 to the $250 deductible and your total cost would be $365.
Answer: 125
Step-by-step explanation:
Given that:
The principal = 15000
Rate = 10%
Years = 1 year = 12 month
Interest I = PRT/100
I = (15000 × 10 × 1)/100
I = 1500
The amount of interest expense that would they record in May will be
Interest = I/ 12 = 1500/12 = 125
