Answer:
£1045.57
Step-by-step explanation:
Using compound interest formula then

Where A= the future value of the investment/loan, including interest
P = the principal investment amount
r = the annual interest rate
n = the number of times that interest is compounded per unit t

Hence her amount t the end of 5 yrs is $1045.57
Answer:
The amount financed is $5,200
Step-by-step explanation:
Amount of finance is the price after making down payment being financed by a bank or institution or any individual to purchase an asset on some agreed terms.
Price of the car = $6,400
Down payment = $1,200
Amount financed = Purchase price - Down payment
PLacing values in the formula
Amount financed = $6,400 - $1,200
Amount financed = $5,200
Amount of finance is $5,200, Whereas total payments in 36 months are $6,344.28 against finance of $5,400 and the interest payment is $944.28 ( $6,344.28 - $5,400 ).
Answer:
17.5 units
Step-by-step explanation:
a² + b²= c²
9² + 15² = c²
81 + 225 = c²
c² = 306
c = √306
c = 17.5
Answer:
7 1/2
Step-by-step explanation: