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cricket20 [7]
1 year ago
11

Hi,i need the answer as soon as possible!?TIMED HOMEWORK.Giving highest rating if you answer soon

Mathematics
1 answer:
valentinak56 [21]1 year ago
7 0

0.1 ft becomes 10 ft

0.12 ft becomes 12 ft

Room = 10x12 = 120 square ft

Answer

Option 2: 120 square feet

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$221.44

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As the bank charges a <em>monthly </em>interest, we cannot calculate a simple or compound interest over the 8 month period.  As the balance will decrease each month as Kylie makes payments, the interest applied each month will also decrease.  Therefore, we have to use:

<u>Monthly Payment Formula</u>

\sf PMT=\dfrac{Pi(1+i)^n}{(1+i)^n-1}

where:

  • PMT = monthly payment
  • P = loan amount
  • i = interest rate per month (in decimal form)
  • n = term of the loan (in months)

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  • n = 8 months

Substituting the given values into the formula and solving:

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