Answer:
15000(1.003425)^12t ;
4.11%
4.188%
Step-by-step explanation:
Given that:
Loan amount = principal = $15000
Interest rate, r = 4.11% = 0.0411
n = number of times compounded per period, monthly = 12 (number of months in a year)
Total amount, F owed, after t years in college ;
F(t) = P(1 + r/n)^nt
F(t) = 15000(1 + 0.0411/12)^12t
F(t) = 15000(1.003425)^12t
2.) The annual percentage rate is the interest rate without compounding = 4.11%
3.)
The APY
APY = (1 + APR/n)^n - 1
APY = (1 + 0.0411/12)^12 - 1
APY = (1.003425)^12 - 1
APY = 1.04188 - 1
APY = 0.04188
APY = 0.04188 * 100% = 4.188%
X1 = 0
X2 = 1
X3 = 7
I hope that helps!! :)
Answer:
To make x the subject of the equation means to solve the equation for x (get x by itself on one side). We do the order of operations in reverse, because we are using inverse operations. First, add the 2 to both sides (to keep the equation “balanced” we must do the same thing to both sides). y+2=3x. Then divide both sides of the equation by 3 (or multiply both sides by 1/3.
Step-by-step explanation:
Answer:
$15.225
Step-by-step explanation:
$29 - 30% = $20.30
$20.30 - 25% = $15.225
