What is the balance on an amortized loan of $110,000 after the first payment if the interest rate is 5.5% with a monthly P&I
1 answer:
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y = a(1 + r)ˣ
a = 15 "<em>initial" means what you started with on the first day</em>
r = 6 <em>the rate it increased is the slope (</em>
y = 15(1 + 6)ˣ
Answer: y = 15(7)ˣ
Answer:
A = 28.3 cubic inches; P = 20.1 inches
Step-by-step explanation:
<em>Looks like 3/4 of a full circle</em>
<em>The area of a circle is calculated with the formula: </em>
<em>Since the problem wants pi = 3.14, we use 3.14 instead of pi in the equation.</em>
<em>The radius is given as 3 inches</em>
Area = cubic inches = 28.3 cubic inches
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<em>Perimeter is calculated with </em><em>.</em>
<em>But this is 3/4 of a circle with an additional two 3-inch sides</em>
Perimeter = + 2(3) = 14.1 + 6 = 20.1 inches