When estimating you need to round up or down to find something close to the real answer. Here we would round 1/8 down to 0 and 1/4 down to 0. So 0+0=0.
Your estimated answer is 0
The real answer is 3/8 so 0 is close and that is the point in estimating
Answer: his pay for the 4th year is $1453.16
Step-by-step explanation:
The landlord raises the rent 1.25% each year. It means that the rent is increasing in geometric progression.
The formula for determining the nth term of a geometric progression is expressed as
Tn = ar^(n - 1)
Where
a represents the first term of the sequence.
r represents the common ratio.
n represents the number of terms.
From the information given,
a = $1,400
r = 1 + 1.25/100 = 1.0125
n = 4 years
The 4th term(year), T4 is
T4 = 1400 × 1.0125^(4 - 1)
T4 = 1400 × 1.0125^3
T4 = $1453.16
Answer:
24.5%
Step-by-step explanation:
x*100=% of x
O.245*100=
24.5%
8500-3000is 5500
So 10% of 5500is 550. (Assuming this is a a one time fee)
So add both together to get the remaining balance to break down into payments
6050 divided by 30=201.67