47,448/12=$3954
As, 28/36 rule states that maximum of 28% of your monthly expenditure should be spent on housing finances.
0.28*3954=$1107,12
Answer: $1107.
<h2><u>Answer</u>:-</h2>
1) -11 + <u>2</u><u>6</u> = 15
2) <u>2</u> - (-3) = 5
3) <u>1</u><u>1</u> + (-4) = 7
4) <u>5</u> + -8 = -3
5) -2 + <u>3</u> = 1
6) <u>8</u> - 12 = -4
Answer:
Hey dear I helped you
Step-by-step explanation:
I hope this helped you
Answer:
Step-by-step explanation:
The standard compound interest formula is given by:
Where A is the amount afterwards, P is the principal, r is the rate, n is the times compounded per year, and t is the number of years.
Since we are compounding annually, n=1. Therefore:
Lester wants to invest $10,000. So, P=10,000.
He wants to earn $1000 interest. Therefore, our final amount should be 11000. So, A=11000.
And our timeframe is 3.3 years. So, t=3.3. Substituting these values, we get:
Let’s solve for our rate r.
Divide both sides by 10000:
We can raise both sides to 1/3.3. So:
The right side will cancel:
So:
Use a calculator:
So, the annual rate of interest needs to be about 0.03 or 3% in order for Lester to earn his interest.
A. 10/15
b. 7/8
those r the answers