First you need to use the compound interest formula to work out the amount of money he had after those two years. To do this you have to make a multiplier for the 14% and you have to put the number of years to the power of the multiplier and of course you need to times the original amount by the multiplier:
(100+14)/100 = 1.14 (making the multiplier)
1250*(1.14)^2 = 1624.5
Then you divide the 1624.5 by 24 to get the equal payments:
1624.5/24 = $67.6875 (rounded to $67.69)
Richard made payments of $67.69 24 times to pay off the loan he had taken out.
Hope this helps! :)
Answer:
x + y = 5
3x + 3y = 15
Step-by-step explanation:
let x represent apple and y represent orange
Hence x + y = 5
and 3x + 3y = 15
Solving both equations simutaneously
From first equation, x = 5-y
Substitute x=5-y into the second equation
3(5-y)+3y = 15
y= 0
x = 5-0 = 5
Hello!
The Correct Answer would be:
<span>A. 0.75 and B. 75%
Hope this Helps! Mark as Brainliest IF did!
Have A Wonderful Day! :)</span>
Is it adding or subtracting