Amount Financed(P) = $ 128,000
Time = 15 year
Rate of interest= 5.05%
Amount after 15 years translates to,
Rose and Andrew has taken four points to lower their rate to 4.81% .
Amount after 15 years translates to, if rate of interest is 4.83 %
Cost of four points = 268,009.890 - 259,713.0404
= $8296.8496
4 minutes 34 seconds will takes to empty the tank, if the starts completely full and oil drained at a rate of 2.5 per minute.
Step-by-step explanation:
The given is,
Tank is shaped like a cylinder that is 3 ft long with a diameter of 2.2 ft.
Oil drained at a rate of 2.5 per minute.
Step:1
Time taken to dry the oil tank is,
T = ....................................(1)
Step:2
Volume of the oil is,
.................................................(2)
Where, r - Radius of Cylinder
r = 1.1 ft
From eqn (1),
V = ×
× 3
= 11.40398
Step:3
From equation (1)
=
= 4.56
= 4.56 minutes
T = 4 minutes 34 seconds
Result:
Time taken to dry the oil tank is 4 minutes 34 seconds, if a cylinder is 3 ft long with a diameter of 2.2 ft and oil is drained at a rate of 2.5ft^3 per minute.