Question #1 chris shopper received a $1,000 discount loan to purchase a washer and dryer. the loan was offered at 12% for 120 days. what are the proceeds? $ question #2 carl cornfield has a short term loan at 18% interest per year. he pays the interest monthly and wants to know the annual percentage rate? apr (to the nearest tenth) = %

Q1. Interest is paid from the loan value. The remaining amount is the proceeds.

... I = Prt = $1000·0.12·(120/360) = $40 . . . . amount of interest

The proceeds are then

... $1000 - 40 = $960

Q2. In the absence of loan fees, the given annual rate is the APR, 18.0%.

The effective rate when 18% is compounded monthly is

... (1 +0.18/12)^12 - 1 ≈ 19.6%

This does not appear to be what the question is asking.

The answer is in the attached image.

Step-by-step explanation:

In order to determine the graphing solution, you have to graph both inequalities, separately.

The region that is work for both inequalities is the solution. You can draw both equation and painting both, then the surface that it is painted by two colors is the region solution.

I have attached an image that show graphically the solution.

The blue region solution is for:

y>x

The green region solution is for:

y<-x

Therefore the region with the dark green is the solution for both.