Answer: He would pay $43492.33 in total over the course of the 5 years.
Step-by-step explanation:
Since we have given that
Amount he borrowed = $32500
Rate of compounded annually = 6%
Number of years = 5 yr
As we know the formula for "Compound Interest':
Hence, He would pay $43492.33 in total over the course of the 5 years.
Answer:
lol
Step-by-step explanation:
The value of the car decreases by 8% every year.
The cost of the car is $20,000.
So rate for one year depreciation is 0.08
Rate of depreciation per month shall be 0.08 /12 =0 .0066667
Hence the rate of depreciation shall be 0.66667%
But as it is depreciation.
It must be negative
Hence the rate of depreciation every month shall be - 0.666667%
Option C) is the right answer.
Answer:
3 8/9
Step-by-step explanation:
How many times does 18 multiply to 70-
18 * 1 = 18
18 * 2 = 36
18 * 3 = 54
18 * 4 = 72
If we go past 3 times then it goes higher than 70, so 18 goes into 70 3 times.
18 * 3 = 54
70 - 54 = 16
The left over will be the numerator and the denominator stays the same.
Don’t forget to simplify-
16 / 2 = 8
18 / 2 = 9