Answer: P = $ 12000
r = 14%
t = 1 (for first year)
I = (P X r X t)/100
∴ I = (12000 X 14 X 1)/100
= 120 X 14
= $ 1680 <---------- (Interest on loan at the end of first year)
∴ Total amount owing at the end of first year = (P + I)
= (12000 + 1680)
= $ 13680
Repayment = $ 7800
Amount still outstanding (at the start of second year) = 13680 - 7800
= $ 5880
Interest on the outstanding amount at the end of second year,
P (new) = $ 5880
r (same) = 14%
t = 1 (for the current second year)
∴ I = (P X r X t)/100
= (5880 X 14 X 1)/100
= 82320 / 100
= $ 823.2 <-------------------------- (Interest on outstanding amount at the end of second year)
Solving the inequality
we get 
Step-by-step explanation:
We need to solve the inequality 
Solving:

Multiplying 4 with terms inside the bracket.

Adding -36 on both sides:

Adding -6z on both sides


Divide both sides by 6

So, solving the inequality
we get 
Keywords: Solving inequalities
Learn more about Solving inequalities at:
#learnwithBrainly
Equation step-by-step:


Hope it helped,
BioTeacher101
<em>(If you have any questions feel free to ask them in the comments)</em>
Answer:
I believe it is the first option
2.7 x 10^-5
Step-by-step explanation:
Answer: B.
Step-by-step explanation: TVM Solver Equation:
N = 216 (12 x 18 years)
I% = 3.5
PV = 0
PMT = - $350
FV = 105,106.7593
P / Y = 12 (months)
C / Y = 12
PMT: END