A the answer is a give me a thanks have a good day
Answer:
1.15X + 1.09(11000 - X) = 11000 + 1452
1.15X + 11990 - 1.09X = 12452
0.06X = 462
X = 7700
The answer is
7700
Explanation:
Answer:
$7,828.869
Explanation:
For computing new annual installment first we have to determine the equivalent worth of borrowed amount i.e $30,000 which is shown below:
= Borrowed amount × (1 + interest rate)
= $30,000 × (1 + 0.07)
= $30,000 × 1.07
= $32,100
Now the new annual installment is
= Equivalent worth of borrowed amount × (A/P,7%,5%)
= $32,100 × 0.24389
= $7,828.869
Refer to the A/P table for determining the factor
<span>Your total profit would be $2,305</span>