Answer:
10:40
Step-by-step explanation:
As the left number increases by 1, the right number increases by 4. So as you can see, the left numbers go 3-4-5 while the right numbers go 12-16-20. So the answer is 10:40 because 10x4=40.
Answer:
as a german, im pretty sure everyone knows what i'll say next
Given the formula for future value annuity:
FV of annuity=P[(1+r)^n-1]/r
where:
P=principle
r=rate
n=time
the time taken to repay the loan will be:
1500=90[(1+0.06)^n-1]/0.06
90=90[(1+0.06)^n-1]
1=(1+0.06)^n-1
1+1=(1+0.06)^n
2=1.06^n
introduce natural log
ln2=nln1.06
n=ln2/ln1.06
n=11.8957=12 years
the answer is 12 years.
