Answer:
Step-by-step explanation:
Mrs. Siebenaller bought a bus for 25,000 with a 7% interest rate and she gets a loan payoff of 60 months,
We know that,
![\text{PV of annuity}=P\left[\dfrac{1-(1+r)^{-n}}{r}\right]](https://tex.z-dn.net/?f=%5Ctext%7BPV%20of%20annuity%7D%3DP%5Cleft%5B%5Cdfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D%5Cright%5D)
Where,
PV = Present value of annuity = 25000,
r = rate of interest of each period = 
% monthly
n = number of periods = 60 months,
Putting the values,
![\Rightarrow 25000=P\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]](https://tex.z-dn.net/?f=%5CRightarrow%2025000%3DP%5Cleft%5B%5Cdfrac%7B1-%281%2B%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B-60%7D%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D)
![\Rightarrow P=\dfrac{25000}{\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]}](https://tex.z-dn.net/?f=%5CRightarrow%20P%3D%5Cdfrac%7B25000%7D%7B%5Cleft%5B%5Cdfrac%7B1-%281%2B%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B-60%7D%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D%7D)
Hence total amount paid is,
Therefore interest amount is,
Answer:
C.
Step-by-step explanation:
Because there is constant term 4 in the question, but there is no any such constant term in the given options.
Answer:
Step-by-step explanation:
<u>This is an AP with:</u>
- The first term a₁ = 12
- Common difference d = 3
- Number of terms n = 40
<u>Number of the seats:</u>
- Sₙ = 1/2*n(a₁ + aₙ) = 1/2n(2a₁ + (n - 1)d)
- S₄₀ = 1/2*40(12*2 + 39*3) = 2820 seats
<u>Formula of nth term:</u>
- aₙ = a₁ + (n - 1)d
- aₙ = 12 + (n - 1)*3 = 12 + 3n - 3 = 3n + 9
- aₙ = 3n + 9
25.3 × 1.08
27.324
The total bill is $27.32
Answer:
1/400
Step-by-step explanation:
i put it in the calculator and got 1/400
