Need help with #1. The answer is 10 but show work please.
2 answers:
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Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
Answer:
The correct answer is two designs are used 12 times each and other four designs are used for 13 times each.
Step-by-step explanation:
Width of the quilt Lu is making is 18 rows of 20 squares each.
Thus the perimeter of the quilt is 20 + 20 + 18 + 18 = 76.
We can also say there are 76 square as the boundary which are to be bordered with toy designs.
Each square can hold 1 design of toy and there are 6 different designs of toys.
Thus number of times each design is used = 12
.
Thus there are two designs used 12 times each and other four designs are used for 13 times each.