Answer:
C. 16 months faster
Step-by-step explanation:
You can solve this using a Financial calculator( TI BA II plus in this case)
First, find number of months if recurring monthly payment is $38.50;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 38.50
Future value ; FV = 0
Total duration; press CPT, N = 26.785 OR 27 months
Next, find number of months if recurring monthly payment is $93;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 93
Future value ; FV = 0
Total duration; press CPT, N = 10.573 OR 11 months
Difference = 27 -11 = 16
Therefore, she would be able to pay off the loan 16 months faster.
Answer:
3 and 1/12
Step-by-step explanation:
hope this helps! :)
You could put,
19
+ 6
———
25
Then write,
19+6=25
Answer:
Step-by-step explanation:
B
Answer:
The length of the diagonal support is 69 feet.
Step-by-step explanation:
Dimensions of the box: length = 6 feet
width = 5 feet
height = 8 feet
The diagonal support relates with the diagonal of the base and the height.
From the base of the box, let the length of its diagonal be represented by x. Applying Pythagoras theorem;
= 
+ 
= 
+ 
= 36 + 25
= 61
x = 
= 7.81
let the length of the diagonal support be represented by l. So that;
= +
= + 
= + 64
l = 
= 61 + 8
= 69
Thus, the length of the diagonal support is 69 feet.
