The GDP of the country for 2014 is $5.3196 × 10⁸.
<h3>What is multiplication?</h3>
Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. For example, 3 × 4 means 3 is added to itself 4 times, and vice versa for the other number.
Given the Gross Domestic of a country in the first quarter of 2014 was $1.3299×10⁸. Therefore, the GDP of the country for that year will be,
GDP = 4 × (Gross Domestic for a single quarter)
= 4 × ($1.3299×10⁸)
= $5.3196 × 10⁸
Hence, the GDP of the country for 2014 is $5.3196 × 10⁸.
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Answer:
Step-by-step explanation:
<u>Given</u>
- Monthly payment P = $300
- Time t = 3 years = 36 months
- Number of payments n = 36
- Interest rate r = 12% PA = 1% per month = 0.01 times
<u>Use loan payment formula:</u>
- P = r(PV) / (1 - (1 + r)⁻ⁿ),
- where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments
<u>Substitute values and solve for PV:</u>
- 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
- PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
- PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)
The ratio of 186:76 can be simplified to 93:38 if we divide both numbers by 2.
Answer:
10350.98
Step-by-step explanation:
