Solve for c: 6/15=2/c
2 answers:
You might be interested in
For buying one of two brands of barbecue grills, Brand G will end up costing $159.48 less than Brand F.
<h3>What is compound interest?</h3>
Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.
The formula for the final amount with the compound interest formula can be given as,
Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate r of in the time period of t.
Brand F costs $650 and will last for about fifteen years. For brand F grill the interest rate is 13. 01%, compounded monthly and five years of monthly payments. Thus, the total amount for brand F is,
Brand G costs $200 and will last for about five years. For three brand G grill, the cost is,
For brand G grill, the interest rate is 13. 01%, compounded monthly and three years of monthly payments. Thus, the total amount for brand G is,
The monthly payment formula can be given as,
By this above formula, we get the total payment of brand F is 887.40 and brand G is 727.92. The difference of two is,
Thus, for buying one of two brands of barbecue grills, Brand G will end up costing $159.48 less than Brand F.
Learn more about the compound interest here;
Answer:
Step-by-step explanation:
