Stacy is borrowing $5,000 at 4.25% interest for 5 years. She can choose simple interest or compound interest. Which one will all
2 answers:
You might be interested in
Answer:
The cost will be $1662.136
The total square ft of carpeting will be 231.1122ft^2
Step-by-step explanation:
For the bedrooms, the dimension from the image is shown as(see attahced)
Bedroom #2= 10"8' x10"4'
Bedroom #3= 10"8' x11"4'
let us convert all dimension to feet and solve for the area of the bedrooms
Bedroom #2= 10"8' x10"4'
Bedroom #2=10.67x10.33feet
Area of Bedroom #2= 110.2211ft^2
Bedroom #3 = 10"8' x11"4'
Bedroom #3 =10.67x11.33feet
Area of Bedroom #3= 120.8911ft^2
The total area of both rooms is
Total area=110.2211+120.8911
Total area=231.1122ft^2
now the cost of one square floor s $8.99
hence the cost of 231.1122ft^2 will be
Cost of carpet = 231.1122*8.99
Cost of carpet = $2,077.67
Given that, because you are a contractor, you will receive 20% off
therefore it will cost
= (20/100)*2,077.67
=0.2*2,077.67
=$415.534
The cost will now be $2,077.67-$415.534
= $1662.136
