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Afina-wow [57]
4 years ago
5

Cross Products Property 3/4 = v/14 what is V?

Mathematics
1 answer:
nirvana33 [79]4 years ago
8 0
14 × 3/4 = v
(14/2) × 3/(4/2) = v
7 × 3/2 = v
21 /2 = v
10.5 = v
How's That?
I even showed the the work, that's the most important part!
Hope you like it.
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Andy is considering taking a loan to remodel his kitchen. He is offered a loan by his bank for five years and an annual interest
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Using compound interest, it is found that the maximum amount of money he can borrow is of $8,700.

------------------------

The compound interest formula is given by:

A(t) = P(1 + \frac{r}{n})^{nt}

  • A(t) is the amount of money after t years.
  • P is the principal(the initial sum of money).
  • r is the interest rate(as a decimal).
  • n is the number of times that interest is compounded per year.
  • t is the time in years.

Maximum <u>monthly payments of $200 per month per five years</u>, thus:

A(t) = 5 \times 200 \times 12 = 12000

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  • Monthly payments, thus n = 12.
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A(t) = P(1 + \frac{r}{n})^{nt}

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The maximum amount of money he can borrow is of $8,700.

A similar problem is given at brainly.com/question/15340331

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