Recall that we derived the following formula: M = P      ___     1-dRT   This formula told us how to obtain the maturity value on a simple discount...

Ann borrowed \$2331 for 9 months. If the loan's annual simple discount rate was 46.9%, what was the loan's discount?

Paul and Frank each borrow \$1257 for 8 months. Paul's loan uses the simple discount model while Frank's loan uses the simple interest model. The annual simple discount rate on Paul's loan...

Lauren and Serena each have 41-week loans. At the end of their terms, they each repay \$3375. Lauren's loan uses the simple discount model while Serena's loan uses the simple interest model...

Martha's paycheck of \$1249 will arrive in 8 days, but she needs money today. If a payday lender is offering an annual simple discount rate of 101%, how much can she afford to borrow today? Round...

n a certain state, speeding fines are determined by the formula Upper F equals 10 left parenthesis x minus 55 right parenthesis plus 65F=10(x−55)+65 , where F is the cost, in dollars, of the fine...

Andres built a raised garden bed that is 11 feet long, 5 feet wide, and 2.5 feet tall. He plans to fill the garden bed with premium soil that costs \$16.96 per cubic yard. Recall that 1 yard = 3 feet...

and banana to create a mix that will sell for \$4.19 a lb. How many lbs of dried and banana chips should be used ?