Answer: 30.048
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Answer:
$144.70
Step-by-step explanation:
Calculation to determine how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization
First step is to determine the Interest only monthly repayments
Using this formula
I=Prt
where,
P=$6925
r=0.05/1
t=1
Let plug in the formula
I=6925*0.05/12
I= $28.854166666
Second step is to determine the amount she will owe after 4 years
Using this formula
S=P(1+r)n
Let plug in the formula
S=6925*(1+0.05/12)4*12
S=6925*(1+0.05/12)48
S=$8454.70
Third step is to determine the Interest part
Interest =8454.70 - 6925
Interest = $1529.70
Now let determine the how much greater will the amount of interest capitalized be
Interest capitalized=1529.70 - 1385.00
Interest capitalized =$144.70
Therefore how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization is $144.70
Step-by-step explanation:
work is shown and pictured
Answer: False.
Step-by-step explanation:
There does not exist a "quarter circle" as a circle with a radius of 4 units, the only notable circle that does exist is the unit circle, that is the circle where the radius is equal to 1, represented by the equatin x^2 + y^2 = 1
The term "quarter circle" actually does refer to a fourth part of a circle, not to a circle of radius 4.
So the statement is false
In the question, there are certain information's that are of immense importance in regards to finding the answer. The first information is that Jose Rivera had purchased 7 textbooks for his classes at River Run Community College. The price that Jose Rivera had to pay was $208.55. The average cost per textbook needs to be found.
The cost of 7 textbooks purchased by Jose Rivera = 208.55 dollars
Then
The cost of 1 textbook purchased by Jose Rivera = (208.55/7) dollars
= 29.79 dollars
The average cost of a textbook purchased by Jose Rivera rounded to the nearest cent is 29.80 dollars.
