Assuming monthly payment of $250, which implies APR=0.01*12=0.12.
If it is different, please specify.
target P=20000,
A=250
n=to be determined such that P>=target P=20000
The annuity equation with given (monthly) payment is given by
P=250(P/A,i,n)
=A((1+i)^n-1)/(i(1+i)^n)
=250(1.01^n-1)/(0.01(1.01)^n)
=25000(1.01^n-1)/(1.01^n)
Solve for n by trial and error,
Rewrite
20000<=25000(1-1/1.01^n)
=>
1.01^n>=25000/20000=1.25
Take log on both sides,
n*log(1.01)>=log(5)
n>=log(5)/log(1.01)=161. 75
=> n=162 (next integer)
Check:
P=250(P/A,0.01,162)=250*(1.01^162-1)/(.01*1.01^162)=20012.56 ok.
Answer:
Regular price of 1 pizza = $15 {Assuming discount coupon = $22.5}
Step-by-step explanation:
Let regular non discounted price of 7 pizzas be x
x - 22.5 = 82.5
x = 82.5 + 22.5
x = 105 (Regular Non discounted price of 7 pizzas)
Regular Price of 7 pizzas = 105
Regular price of 1 pizza = 105 / 7 = 15
Answer:
0.1
Step-by-step explanation:
used a calculator, that is what i got
Answer:
Length: 25, Width: 7
Step-by-step explanation:
Let the width be represented by w. We can then assume that the length is equivalent to 3w+4
So, we can set the equation 2(3w+4)+2(w). Simplify to 8w+8=64
Simplify the equation and solve for w, which is 7
Plug into the the length, which is 3w+4