answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka [77]
2 years ago
5

Lauren Michel lends $17,000 at a rate of 10.7% .

Mathematics
1 answer:
Maru [420]2 years ago
7 0
Given:
Principal = 17,000
rate = 10.7%
term = x/360
interest = 1,121.72

Interest = Principal * rate * term
1,121.72 = 17,000 * .107 * x/360
1,121.72 = 1,819x / 360
1,121.72 * 360 = 1,819x
403,632 / 1,819 = x
221.90 = x

Lauren Michelle will have to wait 222 days for her investment to earn $1,121.72

Given:
Principal = x
rate = 9%
term = 10 months
interest = 1,687.50

Interest = Principal * rate * term
1,687.50 = x * 0.09 * 10/12
1,687.50 = x * 0.075
1,687.50 / 0.075 = x
22,500 = x

The amount Sandra Leatherwood invested was $22,500.


You might be interested in
Drive Down is a racing video game. The game gives each player an initial amount of $5,000 in virtual money. After that, a player
Sholpan [36]
Independent quantity (x) is number of races won
dependent quantity f(x)...or y is total virtual money
the function is : f(x) = 500x + 5000 or y = 500x + 5000
3 0
2 years ago
Read 2 more answers
(25 points, please help! Brainliest!) Mrs. Hanger is painting the following picture of an H to hang in the entryway of her home.
disa [49]

Answer:

the new scale is the same length as the original scale

7 0
2 years ago
Korey’s comic book store has been up and running for 4 years. Korey feels that his store has been successful and is considering
Inessa05 [86]
Year      Net Profit
1            <span>$14,250.00
2            $15,390.00
3            $16,621.20
4            $17,950.90</span>2

We need to get the increase of the net profit of the current year from the previous year.

Percentage increase = (Current year - Previous Year)/ Previous Year    * 100%

Year 2:  (15,390 - 14, 250) / 14,250   * 100% = 0.08 * 100% = 8%
Year 3: (16,621.20 - 15,390) / 15,390 * 100% = 0.08 * 100% = 8%
Year 4: (17,950.90 - 16,621.20) / 16,621.20 * 100% = 0.08 * 100% = 8%

Every year the net income increases by 8%. So, the net income in Year 5 will be:

17,950.90 x 1.08 = 19,386.97  Choice D.

8 0
2 years ago
Read 2 more answers
Find the point estimate of the proportion of people who wear hearing aids if, in a random sample of 493 people, 40 people had he
Anna71 [15]
Point estimate proportion is the average of lower and upper interval limit.

Point estimate proportion )p) = x/n
Where x = observations, n=sample size

Substituting;

p= 40/493 = 0.0811
8 0
2 years ago
Read 2 more answers
What is the probability that a point chosen at random in the triangle is also in the blue square? A blue square inside of an uns
Dmitrij [34]

Answer:

One-third

Step-by-step explanation:

we know that

The probability that a point chosen at random in the triangle is also in the blue square is equal to divide the area of the square by the area of triangle

step 1

Determine the area of triangle

A=\frac{1}{2}(9)(6)=27\ in^2

step 2

Determine the area of the square

A=(3^2)=9\ in^2

step 3

Determine the probability

P=\frac{9}{27}

simplify

P=\frac{1}{3}

therefore

One-third

5 0
2 years ago
Other questions:
  • The volume of water in a resevoir decreases 21,000 cubic yards over a 3-month period. What is the average change in volume per m
    7·2 answers
  • What is the length of EF in the right triangle below?
    15·2 answers
  • bo has 23 video games for sale he plans to donate the money he makes from each sale to a local charity what is the least amount
    5·2 answers
  • A store had 4 boxes of video Games.How many days would it take to sell the games if each day they sold one fifth
    13·2 answers
  • Wanahton purified a portion of water with 900 grams of contaminants. Each hour, a third of the contaminants was filtered out.
    12·1 answer
  • The expected number of typographical errors on any page of a certain magazine is 0.2. What is the probability that a certain pag
    5·1 answer
  • Heating oil is to be poured at the constant rate of 4.5 gallons per minute into a 400-gallon tank that already contains 115 gall
    5·1 answer
  • Calvin evaluated Negative two-thirds times 5 and one-sixth using the steps below. Step 1: Negative two-thirds time (5 + one-sixt
    10·2 answers
  • A caplet contains 325 mg of medication. How many caplets contain 975 mg of medication?
    8·1 answer
  • How much smaller is 63512 than 94291
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!