Answer:
The correct answer 8486.
Step-by-step explanation:
Given:
Troy - P pr principle amount = 10000
rate = 9%
time = 60-22 = 38
intrest at every three months so time = t = 38*4 = 132
Nicohlas
P = x
rate = 10%
time = 60 -45 = 15
every month compounded = 15*12=180
solution:
the formula of compound intrest = P (1 + r/n)^(nt)
where n = number of counded intrests per year
puting formula for troy=
10000 (1+9/4)^132
= 294,322.96 .....1
now for nicolas
I = x(1+10/12)^180
x = 294,322.96/(1+10/12)^180
= 8486.
M=1.25
c=0.6
I got this by creating a systems of equations and I used the substitution method
Answer:
49038.0952
Step-by-step explanation:
x+0.05x=51490
1.05x/1.05= 51490/1.05
x=49038.0952
Answer:
yea its in the book
Step-by-step explanation:
