Round the number to the place value given87.945327 rounded to the hundred- thousandth is
1 answer:
Let us identify the different place values in the given number.
Starting from the left side, we have:
8 - ten's place
7 - one's place
decimal point
9 - tenth's place
4 - hundredths place
5 - thousandths place
3 - ten-thousandths place
2 - hundred-thousandths place
7 - millionth place
As we can see above, the number in the hundred-thousandths place is 2.
The number after 2 or the number in the millionth place is 7. Since the number in the millionth place is above 5, we will round up the hundred-thousandths place by adding 1. So, 87.945327 becomes 87.94533 when rounded to the hundred-thousandth place.
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Using it's formula, it is found that the monthly payment should be of $688.49 in order to pay off the debt in 15 years.
<h3>What is the monthly payment formula?</h3>It is given by:
In which:
- P is the initial amount.
- r is the interest rate.
- n is the number of payments.
For this problem, the parameters are given as follows:
A = 90000, r = 0.045, n = 15 x 12 = 180.
Hence:
r/12 = 0.045/12 = 0.00375.
Then we solve for A to find the monthly payment, as follows.
A = $688.49
More can be learned about the monthly payment formula at brainly.com/question/22846480
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