3/2=5d-1/2 Solve for d. Thank you :)
2 answers:
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Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
Answer:
Step-by-step explanation:
Think of a rational number as a fraction. The definition of a rational number is that it is the ratio of integers that, when divided, is either an integer, a decimal that terminates, or a decimal that repeats. 6/3 = 2 (6/3 is a rational number that divides to 2); 1/2 = .5 (1/2 is a rational number that divides to .5 which is a terminating decimal, meaning it ends); 1/3 = .33333333 (1/3 is a rational number that divides to .3333333 which is a repeating decimal). If we want to express 3.24 as a rational number, let's first put it into fraction form. The 4 in .24 is in the hundredths place, so as a fraction, .24 is 24/100. Check this on your calculator. Divide 24 by 100 and you get .24. So now what we have is
Now express that mixed fraction as an improper and you're done. 3 times 100 is 300; 300 + 24 = 324. Put that back over 100 and your rational number is 324/100. Check that on your calculator, as well, just to see that it's true.