Answer:
Step-by-step explanation:
First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
Answer:
The given rectangle is not possible.
Step-by-step explanation:
The minimum perimeter of such a rectangle is 4√30 meters, about 21.9 meters. That is about 71.9 feet. The largest rectangle with a perimeter of 26 feet will have an area of about 3.93 square meters.
The rectangle described cannot exist.
Multiply 850 by 3 because it is 1/3 of her whole budget.
You must add or subtract, depending on which fraction your going for at that time.
