Susan's monthly payment will be $117.93.
We have Susan take out a personal loan for $3,500 at an interest rate of 13% compounded monthly.
P=3500
r=30%
t=3
<h3>What is the amortization formula?</h3>
Where A is the payment,
P= principal,
r =the annual interest rate
t is the number of years.
use the given value in the formula we get
A=117.9288
A= 117.93
Susan's monthly payment will be $117.93.
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Answer:
Step-by-step explanation:
-The locust population grows by a factor and can therefore be modeled by an exponential function of the form:
Where:
-Given that the growth is by a factor of 5( equivalent to 500%), the r value will be 5
-The population increases by a factor of 5 every 22 days. therefore at any time instance, t will be divided by 22 to get the effective time for calculations.
Hence, the exponential growth function will be expressed as:
Answer:
The answer is <u>54.6</u>.
9.1(6)+8.7(7)=<u>54.6</u>+60.9
Step-by-step explanation:
Given:
9.1(6)+8.7(7)=_+60.9
Now, to solve it:
9.1(6)+8.7(7)=_+60.9
Let the _be x.
So, we remove parenthesis first that makes it multiply with the number next to it:
Now adding on L.H.S:
Subtracting on both sides by 60.9 we get:
Therefore, the answer is 54.6.