There are two numbers, that sum up to 53. Three times the smaller number is equal to 19 more than the larger number. What are th
2 answers:
You might be interested in
By Evaluating the Compound Interest, we come to know that Rajesh will have enough money in the account to cover all of the required loan payments.
The Principal Amount(P) = $30,000
Rate of Interest (r) = 2.16 %
Time(t) = 10 years
Number of Times it is Compounded in a year(n) = 12
Now, we have
Putting all the values, we evaluate the amount,
Hence, the Amount after Compound Interest = $37,225.87
Now, The loan amount that he pays = 300 *12*10 = $ 36,000
Yes, he will have enough money in the account to cover all of the required loan payments.
To read more about Compound Interest, visit brainly.com/question/29335425
#SPJ1