Wilson began watering his garden with a watering can that was completely full. The amount of water in the can as Wilson was wate
ring can be represented by a linear function and is shown in the graph below. Which statement is correct?
2 answers:
You might be interested in
By Evaluating the Compound Interest, we come to know that Rajesh will have enough money in the account to cover all of the required loan payments.
The Principal Amount(P) = $30,000
Rate of Interest (r) = 2.16 %
Time(t) = 10 years
Number of Times it is Compounded in a year(n) = 12
Now, we have
Putting all the values, we evaluate the amount,
Hence, the Amount after Compound Interest = $37,225.87
Now, The loan amount that he pays = 300 *12*10 = $ 36,000
Yes, he will have enough money in the account to cover all of the required loan payments.
To read more about Compound Interest, visit brainly.com/question/29335425
#SPJ1