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2 years ago

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The owner of a furniture store decides to reduce the price of a sofa from $800 to $560. By what percentage was the price of the

sofa reduced?

1 answer:

KIM [24]2 years ago

5 0

The percentage that the store has taken off would be 30%.

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Noah wants to put $1,000 in a savings account with a 1.5% annual interest rate. How much more money will he have after one year

11111nata11111 [884]

Assuming that the 1.5% annual interest is split into monthly basis with the same amount, then the monthly interest should be: 1.5%/12= 0.125%.
If you put $1000 for annual interest, the saving account would become: $1000*(100%+1.5%)= $1015

If you put $1000 for monthly interest, the saving account would become: ($1000*(100%+0.125%)= $1000*1.0151035559= $1015.10

Then, the money difference should be: $1015.10-$1015= $0.10

8 0

2 years ago

Cindy’s parking garage charges $3.50 for weekday parking, and weekends are half price. If Cindy parked in the garage 20 times pe

Pachacha [2.7K]

Answer: $\$64.75$

Step-by-step explanation:

You know that for weekdays parking the price is $3.50 and weekends are half price. Then for weekends, the price is the following:

$\frac{\$3.50}{2}=\$1.75$

You know that Cindy parked in the garage 20 times per month, and three of these days were weekend days. This means that she parked 17 times in week days and 3 times in weekends days.

Therefore, the total amount of money she would spend on parking per month can be calculated with:

$Total\ per\ month=17(\$3.50)+3(\$1.75)\\\\Total\ per\ month=\$59.5+\$5.25\\\\Total\ per\ month=\$64.75$

6 0

2 years ago

The quotient of 9 3/4 and 5/8

suter [353]

Answer:

15.6

Step-by-step explanation:

$9\frac{3}{4} = \frac{39}{4}$
Plug 39/4 in: 39/4 ÷ 5/8
39/4 ÷ 5/8 = 39/4 × 8/5
39/4 × 8/5 = 312/20
$\frac{312}{20} = 15.6$

I hope this helps!

4 0

2 years ago

Read 2 more answers

An investment firm offers three types of equity investments,

Fudgin [204]

Answer:

<u>The expected value of the total return rate for the firm's clients is C. 7.4%</u>

Step-by-step explanation:

1. Let's review all the information given for solving the question:

Type of equity investments = A, B and C

Percentage of investment in each type of equity = 30% in A, 50% in B and 20% in C.

Rates of return of each type of equity investment = 10% for A, 6% for B and 7% for C.

2. Let's find the expected value of the total return rate for the investment firm:

Return rate for each type of investment = Percentage of investment * Rate of return

For A = 30% * 10% = 0.3 * 0.1 = 0.03

For B = 50% * 6% = 0.5 * 0.06 = 0.03

For C = 20% * 7% = 0.2 * 0.07 = 0.014

Total return rate = Return rate for A + Return rate for B + Return rate for C

Total return rate = 0.03 + 0.03 + 0.014 = 0.074

<u>Total return rate = 0.074 * 100 = 7.4%</u>

<u>The expected value of the total return rate for the firm's clients is C. 7.4%</u>

5 0

2 years ago

Read 2 more answers

Chang and Carlotta solve this problem in two different ways. You have $50 in your bank account. You make $8 per hour mowing lawn

Tamiku [17]

HELLO,

Your answer is 130-50=80
You would have to make 80 dollars,

So 8 dollars per hour (of course that is below minimum wage that means you need a raise).

Therefore, you need to mow lawns for 10 hours

Thanks for posting your question here on brainly.
Hope this helps you.
Let me know if its correct.

3 0

2 years ago

Read 2 more answers