Step-by-step explanation:
I am sorry but please give detailed question
Sqrt14 = 3.74 (2dp)
The principal root is always the positive.
The question is an annuity question with the present value of the annuity given.
The
present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) /
(r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number
of payments in a year = 6; n = number of years = 11 years and P is the
periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
The error is in the second step they subtracted 3 from both sides but it was a 3x, which you can not do.
Correction.
9x+18+3x=1
12x+18=1
12x=-17
x=-17/12
Answer:
11.43
Step-by-step explanation:
You can start this by adding the total cost of the salad and the coffee.
4.76 + 3.81 = 8.57
Then you have the paid amount of 20 bucks because there was two tens.
20 - 8.57 = 11.43.
