Answer: 5(x+1)
Step-by-step explanation:
Let the number be x
Sum of number and 1 is x+1
5 times the sum is 5(x+1)
9514 1404 393
Answer:
$503.85
Step-by-step explanation:
The amortization formula can help with this.
A = P(r/12)/(1 -(1 +r/12)^(-n))
where P is the loan value, A is the monthly payment, r is the annual interest rate, and n is the number of monthly payments.
We want to find P. All of the other values are given.
P = A(1 -(1 +r/12)^-n)/(r/12)
P = 32.48(1 -1.012667^-18)/(0.012667) = 31.48·16.0054
P ≈ 503.85
The equivalent cash price is about $503.85.
Answer:
x=28
Step-by-step explanation:
Given:
Principal = <span>£100
Interest rate = 6%
Interest = </span><span>£12
Simple Interest is computed by multiplying the principal by its interest rate and term
Interest = Principal * rate * term
12 = 100 * 0.06 * term
12 = 6 * term
12/6 = term
2 = term
It will take 2 years for </span>£100 to earn <span>£12 at 6%</span>
