First you need to find the common denominator. both 6 and 7 go in to 42 evenly
multiply 5/6 by 7 to get 35/42
multiply 2/7 by 6 to get 12/42
subtract 12 from 35 to get 23
23/42
Assuming the price of the pool does not change, then
Additional interest required is 4500-3750=750
using
I=Pit, we set up equation
750=3750*0.055*t
Solve for t
t=750/(3750*0.055)=3.64 years.
So will need to wait 3.64 years, or rounded up to 4 years.
22.90*1.05=24.045
sales tax is 5% added to 100% of the original cost making the actaul cost including tax $24.045
N - the number
8/100 × n = 0.08 × n = 0.08n
