Answer:
94 years
Step-by-step explanation:
We can approach the solution using the compound interest equation

Given data
P= $40,000
A= $120,000
r= 1.25%= 1.25/100= 0.0125
substituting and solving for t we have

dividing both sides by 40,000 we have

dividing both sides by 0.005 we have

Answer:
A is 64 and b is 34
Step-by-step explanation:
A. answer is: y = 13/2 OR you can say 6.5 after you simplyfi
13 over 2
b. answer is: x = 18/4 OR you can say 4.5 after you simplyfi
18 over 4
Thank you :)
bye bye later on x_x
Answer:
<em>Answer: D. Jake paid his loan in 12 months</em>
Step-by-step explanation:
Jake took out an interest-free loan of $2,401.56 from the bank to buy a car.
Since he has to pay no interest for the loan, the monthly payments are totally used to cover the amount of the loan.
He paid the bank $200.13 each month, thus the total months needed to pay the loan is:

Answer: D. Jake paid his loan in 12 months
No, i don’t believe so. but i’m not 100% sure.