Answer:
P = 1039.5
Step-by-step explanation:
Given:-
- The initial amount deposited, Po = 500
- The interest rate applied, I = 5% compounded annually
Find:-
- The amount on her bank statement after 15 years?
Solution:-
- We see that the principal amount increases every year and no transactions have been made in the course of 15 years.
The total amount left in her savings account would be given by the following formula:
P = Po * ( 1 + I/100 )^n
- Where, n = number of years passed since deposit. (15 years)
P = 500 * ( 1 + 5/100 )^15
P = 500 * (1.05)^15
P = 1039.5
<h3>
Answer: $1067.45</h3>
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Work Shown:
L = 165000 = loan amount or amount financed
r = 0.06725 = annual interest rate in decimal form
i = r/12 = 0.06725/12 = 0.005604167
i = 0.005604167 = approximate monthly interest rate in decimal form
n = number of months = 30*12 = 360 months
P = unknown monthly payment
--------------
Apply the monthly payment formula
P = (L*i)/( 1-(1+i)^(-n) )
P = (165000*0.005604167)/(1-(1+0.005604167)^(-360))
P = 1067.44636311118
P = 1067.45
Answer:
<h2>x = 3 and x = 4 → (3, 0) and (4, 0)</h2>
Step-by-step explanation:
Step-by-step explanation:
was wondering what you are looking to get out for a party for a party this week to take care if there are a little bit of the developments in your response and if they have to go because of what you want me and my parents think about to leave you and and then you
