Answer: her monthly payments would be $267
Step-by-step explanation:
We would apply the periodic interest rate formula which is expressed as
P = a/[{(1+r)^n]-1}/{r(1+r)^n}]
Where
P represents the monthly payments.
a represents the amount of the loan
r represents the annual rate.
n represents number of monthly payments. Therefore
a = $12000
r = 0.12/12 = 0.01
n = 12 × 5 = 60
Therefore,
P = 12000/[{(1+0.01)^60]-1}/{0.01(1+0.01)^60}]
12000/[{(1.01)^60]-1}/{0.01(1.01)^60}]
P = 12000/{1.817 -1}/[0.01(1.817)]
P = 12000/(0.817/0.01817)
P = 12000/44.96
P = $267
SinC=(8/17)
solve for C = arcsin(8/17)
Answer:
342
Step-by-step explanation:
Let's see the difference is each successive values:
232 - 217 = 15
252 - 232 = 20
277 - 252 = 25
307 - 277 = 30
As we can see, each month the increase is 5 more than previous months' increase. <em>Clearly from the pattern we can surmise that the next month (August), it will increase by 35 from the value of July.</em>
Number of visitors in August = Number of Visitors in July + 35 = 307 + 35 = 342
<h3>
Answer: 270.58 dollars</h3>
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Work Shown:
- A = account value after t years
- P = principal or amount deposited = 800
- r = interest rate in decimal form = 0.06
- n = number of times we compound per year = 1
- t = number of years = 5
So,
A = P*(1+r/n)^(n*t)
A = 800*(1+0.06/1)^(1*5)
A = 1070.58046208
A = 1070.58
After five years, the account will have $1,070.58 in it.
The amount of interest earned is A-P = 1070.58 - 800 = 270.58 dollars.
