Real Estate Agent:

A woman bought 4 lots for $48,000 each. She then subdivided

them into a total of 7 lots that sold for $33,000 each. What was

her percent of profit? I

Savings and Loan Counselor:

A customer wishes to borrow $30,000, make monthly payments

of interest only, and pay the full amount of the principal at the

end of the term. If the interest rate is 12% annually, what are the

monthly payments for a five-year term?

Answers

Answer 1

Step-by-step explanation:

A.

Cost of 4 lots for $48,000= 48000*4

=$192,000

Sales made from all 7 lots = 33000*7

= $213,000

Profit =213,000-192,000

Profit =$39,000

Percent profit =(39000/192000) *100

=0.20*100

=20%

B.

Total interest formula=

Principal Loan Amount x Interest Rate x Time

Interest =30000x0.12x5

Interest = $18,000

Monthly payments for 5 years

= 18000/12*5

=18000/60

=$300


Related Questions

PLEASE HELP
Select the correct answer from each drop-down menu. Options are (equal to, not equal to)

Answers

Answer:

Not equal to.

Step-by-step explanation:

Describe the similarities and differences between a bar graph and a histogram.​

Answers

Answer:

Bar graphs are used with nominal or ordinal scores; histograms are used with interval or ratio scores.

Step-by-step explanation:

Is 1.994 greater or lesser than 1.493

Answers

Answer:

greater than

Step-by-step explanation:

1.994 is closer to 2 than 1.493 so it is greater!

convert 2 3/7 to an improper fraction​

Answers

Answer:The mixed number 2 3/7 can be converted to the improper fraction 17/7. The easiest way to do this is to multiply the denominator of the fraction (7 in...

Step-by-step explanation:

3 5 of students at a school are boys. If there are 2610 students at the school, how many are girls?

Answers

Answer:

1044 girls in the school

Step-by-step explanation:

3/5*2610=1566 boys

2610-1566-1044 girls

it should be 1044 because

3/5=.6 or 60%boys and 40% girls

2610 * 60% or .6 = 1566 boys

2610 - 1566boys = 1044 girls

or

2610 * 40% or .4 = 1044 girls

so there are 1044 girls at the school

Calculate.
(2x105)(4.3x109)
Write your answer in scientific notation.

Answers

Answer:

9.8427x10⁴

Step-by-step explanation:

Answer:

98427x^2

9.8427x10^4

Step-by-step explanation:

Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this is not always possible. An analysis of the amount of interest paid monthly by a bank's Visa cardholders reveals that the amount is normally distributed with a mean of 2525 dollars and a standard deviation of 88 dollars. (Round all decimals to at least 3 places.) (a) What proportion of the bank's Visa cardholders pay more than 2828 dollars in interest

Answers

Complete Question

Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this is not always possible. An analysis of the amount of interest paid monthly by a bank's Visa cardholders reveals that the amount is normally distributed with a mean of 25 dollars and a standard deviation of 8 dollars. (Round all decimals to at least 3 places.) (a) What proportion of the bank's Visa cardholders pay more than 28 dollars in interest

Answer:

0.354

Step-by-step explanation:

We solve for z score in this question.

The formula is given as:

z = (x-μ)/σ, where

x is the raw score = $28

μ is the population mean = $25

σ is the population standard deviation = $8

z= 28 - 25/8

z = 0.375

P-value from Z-Table:

P(x<28) = 0.64617

P(x>28) = 1 - P(x<28)

= 1 - 0.64617

= 0.35383

Approximately to 3 decimal places = 0.354

The proportion of the bank's Visa cardholders pay more than 28 dollars in interest is 0.354.


Order from least to greatest:
-5/6,0.567,-0.11,-1/4

Answers

Answer:

-5/6,-1/4,-0.11,0.567

Step-by-step explanation:

34 full. He uses 16 of a full tank’s gas per day driving to and from work.

How many days can Drew drive to work with the gas he has in the tank?

Answers

He can go one day with the gas he has

How do I write 4,332 in scientific notation??

Answers

Answer:

4.332 x 10 to the 3 power I do believe

Step-by-step explanation:

Answer:

4.332 times 10^3

Step-by-step explanation:

ion kno if thats right but i tried.

Sharon wants to open a checking account from which to pay bills. She wants online services, and a debit card, which both banks provide for free. Based upon past experience, she expects to accidentally overdraft the account 1 time per year, due to unexpected charges and miscommunications. She expects no 2nd copies of statements, and to use network ATMs 4 times per month with either bank. She has $3300 in an emergency savings account at First State Bank, and thinks that the balance will be enough to cover overdrafts in the future if automatic transfers are made when needed.

Answers

Answer:

a.No, Common Bank will save Sharon more money.

Step-by-step explanation:

There are two banks i.e. first state bank and the common bank that should be compared in the table depend upon the prices of both the banks

On seeing it we get to know that the first state bank would charged a fee on a monthly basis i.e. $4 while on the other hand the common bank has no fee on the monthly basis

Also the unsufficient bonds are more cheaper in the common bank if we compared with the first state bank

Moreover, the $7 is charged in the first state bank and $3 charged in the common bank.

Therefore the common bank would become cheaper

Hence, the correct option is a.

Answer:

Sharon wants to open a checking account from which to pay bills. She wants online services, and a debit card, which both banks provide for free. Based upon past experience, she expects to accidentally overdraft the account 1 time per year, due to unexpected charges and miscommunications. She expects no 2nd copies of statements, and to use network ATMs 4 times per month with either bank. She has $3300 in an emergency savings account at First State Bank, and thinks that the balance will be enough to cover overdrafts in the future if automatic transfers are made when needed.

A 4-column table with 5 rows. Column 1 is labeled First State Bank with entries monthly fee, non-sufficient funds fee, second copy of statement, network A T M usage, non-sufficient funds protection from a First State Bank savings account. Column 2 is labeled Description with entries 4 dollars, 36 dollars, 7 dollars, 3 dollars each transaction, 4 dollars on each day that a transfer occurs to cover an overdraft. Column 3 is labeled Common Bank with entries monthly fee, non-sufficient funds, second copy of statement, network A T M usage, non-sufficient funds protection from a Common Bank savings account. Column 4 is labeled Description with entries 0 dollars, 24 dollars, 4 dollars, 2 dollars each transaction, not offered with this account.

Based on the tables of fees, above, if Sharon chooses First State Bank, will it save her money over choosing Common Bank?

a.   No, Common Bank will save Sharon more money. <<<---Correct b.   Yes, First State Bank will save Sharon money. c.   No, First State Bank and Common Bank would have the same costs for Sharon. d.   No, costs cannot be estimated in advance, so this information cannot be used.

Step-by-step explanation:

Edge 2021

How can you use the order of operation to explain why you cannot combine the variable terms before using the distributive property when solving the equation 7(x+5)-x=42

Answers

Answer:

Step-by-step explanation:

The Order of Operations is very important when simplifying expressions and equations. The Order of Operations is a standard that defines the order in which you should simplify different operations such as addition, subtraction, multiplication and division.

This standard is critical to simplifying and solving different algebra problems. Without it, two different people may interpret an equation or expression in different ways and come up with different answers. The Order of Operations is shown below.

Parentheses and Brackets -- Simplify the inside of parentheses and brackets before you deal with the exponent (if any) of the set of parentheses or remove the parentheses.

Exponents -- Simplify the exponent of a number or of a set of parentheses before you multiply, divide, add, or subtract it.

Multiplication and Division -- Simplify multiplication and division in the order that they appear from left to right.

Addition and Subtraction -- Simplify addition and subtraction in the order that they appear from left to right.

Before we begin simplifying problems using the Order of Operations, let's examine how failure to use the Order of Operations can result in a wrong answer to a problem.

Without the Order of Operations one might decide to simplify the problem working left to right. He or she would add two and five to get seven, then multiply seven by x to get a final answer of 7x. Another person might decide to make the problem a little easier by multiplying first. He or she would have first multiplied 5 by x to get 5x and then found that you can't add 2 and 5x so his or her final answer would be 2 + 5x. Without a standard like the Order of Operations, a problem can be interpreted many different ways

We cannot combine the variable terms before using the distributive property when solving the equation as it will results in wrong answer.

What is distributive property of multiplication over addition ?

If we multiply a number by the sum of more than two, we use the distributive property of multiplication over addition.

Here the expression given is :

7(x+5)-x=42

The Order of Operations is very important when simplifying expressions and equations. The Order of Operations is a standard that defines the order in which you should simplify different operations such as addition, subtraction, multiplication and division.

Parentheses and Brackets -- Simplify the inside of parentheses and brackets before you deal with the exponent (if any) of the set of parentheses or remove the parentheses.

Exponents -- Simplify the exponent of a number or of a set of parentheses before you multiply, divide, add, or subtract it.

Multiplication and Division -- Simplify multiplication and division in the order that they appear from left to right.

Addition and Subtraction -- Simplify addition and subtraction in the order that they appear from left to right.

Without the Order of Operations one might decide to simplify the problem working left to right. He or she would add two and five to get seven, then multiply seven by x to get a final answer of 7x. Another person might decide to make the problem a little easier by multiplying first. He or she would have first multiplied 5 by x to get 5x and then found that you can't add 2 and 5x so his or her final answer would be 2 + 5x. Without a standard like the Order of Operations, a problem can be interpreted many different ways.

Read more about property of multiplication here :

https://brainly.com/question/14391436

#SPJ2

If b^2 = 25 then b= Answer it please

Answers

Answer:

b = 5

mark me as brainliest plz!! :DD

the first 5 multiples of 18 after 0 are?​

Answers

Answer:

18,36,54,72,90 are first five multiples of 18

Step-by-step explanation:

Answer:

18,36,54,72,90

Step-by-step explanation:

4(3x + 1)
What is the answer to 4(3x + 1)

Answers

12x + 4

Divide 12 by 4

X=3

Answer:

Answer is 12x+4. Hope that helped.

I need help with mixed numbers when subtracting plz

Answers

Answer:

turn it into an improper fraction then subtract

Step-by-step explanation:

5×6=30

30+1=31

31/6

3×6=18

18+5=21

21/6

31/6 - 21/6 = 10/6

simplify: 5/3 ♡

I'm not sure tho lol

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