9514 1404 393
Answer:
$7641.24
Step-by-step explanation:
The amortization formula tells the payment amount.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where principal P is paid off in t years with n payments per year at interest rat r.
Using the given values, we find ...
A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)
A = $636.77
The total of 12 such payments is ...
$636.77 × 12 = $7641.24
You will pay a total of about $7641.24.
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<em>Additional comment</em>
Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.
1450 is what would be in her bank account after 15 years
Answer:
let length be l
breadth=l-10m
area of rectangular park=236m²
Step-by-step explanation:
area of rectangular park=236m²
l×(l-10)=236
l²-10l-236=0
l²-2.l.5+5²-236-5²=0
(l-5)²-236-25=0
(l-5)²=261
(l-5)=√261
(l-5)=16.15
l=16.15+5=21.15
b=l-10=21.15-10=11.15
Arc length of the quarter circle is 1.57 units.
Solution:
Radius of the quarter circle = 1
Center angle (θ) = 90•
Arc length = 1.57 units
Arc length of the quarter circle is 1.57 units.
