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Vitek1552 [10]
2 years ago
7

Each day that a library book is kept past its due date, a $0.30 fee is charged at midnight. Which ordered pair is viable solutio

n I’d x represents the number of days that a liberate book is late and y represents the total fee?
Mathematics
1 answer:
madam [21]2 years ago
8 0

Let's say the number of days library book is late is X, and the total fee is Y.

Liability charges $0.30 dollars as a fee for being 1 day late,

For being 1 day late, fee charge is: 1* $0.30

So, for X days the charge would be: X*$0.30.

Total charge for being X days late is Y, Which means: Y= 0.30 * X.

Now We would have to check all the viable solutions in the answer to see if they satisfy the equation Y= 0.30 * X

Option one(-3, -0.9) and two (-2.5, -0.75) Would not be a viable solution because the value of number of days can not be negative and in option one and two, value of days -3 and -2.5 is negative.

Option three(4.5, 1.35) can not be correct because library charges fee for a full day so the number for days would be a whole number. Library would not charge for 4.5 days, they would either charge of 4 days or 5 days because 4.5 is not an whole number.

Option four(8, 2.40) is the correct answer because it satisfies our equation;

Y= 0.30 * X

2.40= 0.30 * 8

2.40 = 2.40.

Fourth option (8, 2.40) is the only viable solution to this question.

Read more on Brainly.com - brainly.com/question/359512#readmore

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Answer:

The amount needed as a one-time deposit to earn $7,500 in 3 years is <em>$4388.17</em>

Step-by-step explanation:

<u>Basic Finance Formulas </u>

One of the most-used formulas to compute present and future values is

FV=PV(1+r)^{n}

Where FV is the future value, PV is the present value, r is the interest rate and n is the number of periods. It's vital to keep in mind that r and n must be referred to the same compounded time, e.g. r is compounded monthly and n is expressed in months

The question requires to compute the PV needed as a one-time deposit to earn a future value of $7,500 in 3 years at a 1.5% rate compounded monthly.

FV=7,500

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We converted n to months because r is compounded monthly . The formula

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must be managed to make PV isolated

PV=FV(1+r)^{-n}

PV=7,500(1+0.015)^{-36}

PV=\$4388.17

Answer: The amount needed as a one-time deposit to earn $7,500 in 3 years is $4388.17

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Move the decimal point in the divisor and dividend.

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Place a decimal point in the quotient (the answer) directly above where the decimal point now appears in the dividend.

Divide as usual, being careful to line up the quotient properly so that the decimal point falls into place.

Line up each digit in the quotient just over the last digit in the dividend used in that cycle.

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