Answer:
15 because 32 - 17 = 15
Step-by-step explanation:
First, we calculated the discounted price which would have been paid by Keith. That is the product of 85% and $36,000.
($36,000) x (85%) = $30,600
Then, after negotiating to pay 9% off the sale price, he will only need to pay 91% of the sale price. The new price would be,
($30600) x (0.91) = $27846
Thus, Keith will only need to pay $27,846.
Answer:
hour and a half
Step-by-step explanation:
The equation used for this problem is
F = P(1+i)ⁿ
where
F is the future worth
P is the present worth
i is the effective interest rate
n is the number of years
Substituting the values,
F = <span>$8,000(1 + 0.03)</span>⁴
F = $9,004.07
Thus, after 4 years, Aaron will have $9,004.07.
