Answer:
x =
Step-by-step explanation:
Given
=
( cross- multiply )
25 × 2x = 5 × 4
50x = 20 ( divide both sides by 50 )
x = =
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Answer:
$21,623.70
Step-by-step explanation:
A suitable financial calculator can compute the beginning balance and the remaining balance for you. The attachments show a TI-Nspire calculator's TVM solver app being used to answer this question.
The first attachment shows the computation of the loan value. It is about $37,624.54.
The second attachment shows the computation of the remaining balance after 16 of the 32 semi-annual payments have been made.
The loan balance 8 years from the end of the loan will be about $21,623.70.
Answer:
Rita must work 50 days to save at least $25.
Step-by-step explanation:
The amount Rita earns per hour = $10
The saving percentage = 5%
So, the savings of Rita per hour = 5% of $10
⇒5% of $10 =
or Rita saves $0.5 per hour.
The amount she wants to save at minimum = $25
So, let she works at the minimum of k Days.
⇒
or,
The number of hours she has to work = 50 days
Hence, Rita must work 50 days to save at least $25.