the population of a town was 650000. Due to an epidemic,the population of the town went down by 12%.Find the current population
2 answers:
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Answer:
Step-by-step explanation:
As it is a second order equation, it means that it has two possible answers and they are and
.
The famous quadratic formula for solving any second order equation is the following:
Where a is the coefficient of , b is the coefficient of x, and c is the free term. In other words,
as the equation should be in the following form:
Therefore the possible answer should be the following,
by dividing the numerator and denominator by 2, we can deduce the following,
Given Information:
Monthly payment = MP = $1500/4 = $375
Monthly interest rate = r = 25/12 = 2.083%
Required Information:
Present Value = ?
Answer:
Explanation:
n = 10*4
n = 40 monthly payments
The present value is found by
Where r is monthly interest rate.
MP is the monthly payment.
Therefore, $10,110 is the present value of 10 quarterly payments of $1500 each at 25% interest rate compounded each month.