Answer:
75% of 200 = 50; 20% of 160 = 128
Step-by-step explanation:
200 (0.75) = 150
200 - 150 = 50
160 (0.20) = 32
160 - 32 = 128
1. Convert the mixed numbers into improper numbers (-3 2/5 = -17/5 and 8 1/5 = 41/5). Then add 17/5 to both sides when means b=58/5
2. Multiply both sides by the reciprocal of -7/3 (which is -3/7). So n=18
1 ) first offer
total payments
375.76×12×4
=18,036.48
Interest paid
18,036.48−16,000
=2,036.48
Second offer
Total payments
390.61×12×4
=18,749.28
Interest paid
18,749.28−16,000
=2,749.28
Larry will save of taking 6% loan
2,749.28−2,036.48=712.8. .answer
2) credit card 1
Total payments
277.09×12
=3,325.08
Interest paid
3,325.08−3,000
=325.08
Credit card 2
Total payments
152.69×12×2
=3,664.56
Interest paid
3,664.56−3,000
=664.56
Susan will save
664.56−325.08
=339.48...answer
Hope it helps!
Answer:
F = $13,802.31
she can finance $13,802.31 with this loan.
Step-by-step explanation:
Given;
Rate r = 7% = 0.07
Time t = 4 years
Payment per month MP = $250
Number of months per year n = 12
This can be solved using compound interest for future value series formula;
F = future value
F = MP(((1 + r/n)^(nt) - 1)/(r/n))
Substituting the given values, we have;
F = $250(((1 + 0.07/12)^(12×4) - 1)/(0.07/12))
F = $13,802.31
