You earn $2,400 in interest over the 2 years
Answer:
The rectangles are not similar
Step-by-step explanation:
In order to check whether they are similar, we need to take the ratio of their similar sides and ensure they are equal to a constant k.
Hence;
AB/PL = AD/LM = k
32/26 = 18/12 = k
16/13 = 9/6 = k
Since the scale factor is not the same, hence the rectangles are not the same.
The Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt)/(r/t)
where: P is the monthly payment, r is the annual rate = 7% = 0.07, t is the number of periods in one year = 12 and n is the number of years = 3.
18,000 - 6,098 = P(1 - (1 + 0.07/12)^-(3 x 12)) / (0.07/12)
11,902 = P(1 - (1 + 0.07/12)^-36) / (0.07/12)
P = 0.07(11,902) / 12(1 - (1 + 0.07/12)^-36) = 367.50
Therefore, monthly payment = $367.50
Answer:
I disagree with joe.
Step-by-step explanation:
1/8 of a figure is smaller than 1/4. 2/8 of a figure is the same thing as 1/4 though.
