Given:
Amount in the bank account = $1850
Monthly payment of can loan = $400.73
To find:
When would automatic payments make the value of the account zero?
Solution:
Craig stops making deposits to that account. So, amount $1850 in the bank account is used to make monthly payment of can loan.
On dividing the amount by monthly payment, we get
It means, the amount is sufficient for 4 payment but for the 5th payment the amount is not sufficient.
Therefore, the 5th automatic payments make the value of the account zero.
Answer:
6/5
Step-by-step explanation:
(42-18) / (35 - 15) = 24 / 20 = 6 / 5
Answer:
Your answer
Discount rate = 11.11%
Mark it as Brainlist. Follow me for more answer.
Step-by-step explanation:
Answer:
{-2,10}
Step-by-step explanation:
x^2 - 8x = 20
Take the coefficient of x
-8
Divide by 2
-8/2 =-4
Square it
(-4)^2 =16
Add this to each side
x^2 - 8x+16 = 20+16
x^2 - 8x+16 = 36
The left hand side becomes( x + (-8/2) )^2
(x - 4)^2 = 36
Take the square root of each side
sqrt((x - 4)^2) =±sqrt( 36)
x-4 = ±6
Add 4 to each side
x-4+4 = 4±6
x = 4±6
x = 4+6 x = 4-6
x = 10 x = -2
Answer:
Hey there!
We have an=a1(r^n-1), which is the formula for a geometric sequence.
The common ratio is 3, and 2 is the 1st term.
Thus, we have a1=2(3)^(n-1)
Hope this helps :)
