Sally works for Mailworks stuffing envelopes. She is paid $0.20 for each mailing she completes. How much does she earn for a week in which she stuffs 523 envelopes?

Answers

Answer 1

Answer: If you would like to know how much does Sally earn for a week in which she stuffs 523 envelopes, you can calculate this using the following steps:

$0.20 * 523 envelopes = 0.20 * 523 = $104.6

The correct result would be $104.6.

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A radio commercial for a loan company states: “You only pay $0.29 a day for. each $500 borrowed.” If you borrow $1,500 for 120 days, what amount will you. repay, and what annual interest rate is the company actually charging?

Answers

Total Interest will be = .29*1500*12 / 500 = 104.4
so total amount to be repay = 1500+104.4=1604.4
and annual interest rate = 104.4*100*360/1500*120=20.88%
hope it helps

Answer:

Total amount to be repay is $ 1604.4

The annual interest rate the company actually charging is 25.40%

Step-by-step explanation:

Given: A radio commercial for a loan company states: “You only pay $0.29 a day for each $500 borrowed.” We have borrowed $1,500 for 120 days.

We have to determine the amount to be repay and the annual interest rate the company actually charging.

UNITARY method is a method in which we first find the value of a single unit and then find the desired value by multiply it with unit value.

Since, we have to pay $0.29 a day for each $500 borrowed.

Thus, when we borrow $1 , we pay $(0.29)/(500)$