In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
Answer:
Option b is correct (8,13).
Step-by-step explanation:
7x - 4y = 4
10x - 6y =2
it can be represented in matrix form as![\left[\begin{array}{cc}7&-4\\10&-6\end{array}\right] \left[\begin{array}{c}x\\y\end{array}\right] = \left[\begin{array}{c}4\\2\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcc%7D7%26-4%5C%5C10%26-6%5Cend%7Barray%7D%5Cright%5D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bc%7Dx%5C%5Cy%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bc%7D4%5C%5C2%5Cend%7Barray%7D%5Cright%5D)
A=
X= ![\left[\begin{array}{c}x\\y\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bc%7Dx%5C%5Cy%5Cend%7Barray%7D%5Cright%5D)
B= ![\left[\begin{array}{c}4\\2\end{array}\right]](https://tex.z-dn.net/?f=%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bc%7D4%5C%5C2%5Cend%7Barray%7D%5Cright%5D)
i.e, AX=B
or X= A⁻¹ B
A⁻¹ = 1/|A| * Adj A
determinant of A = |A|= (7*-6) - (-4*10)
= (-42)-(-40)
= (-42) + 40 = -2
so, |A| = -2
Adj A=
A⁻¹ =
/ -2
A⁻¹ = ![\left[\begin{array}{cc}3&-2\\5&-7/2\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcc%7D3%26-2%5C%5C5%26-7%2F2%5Cend%7Barray%7D%5Cright%5D%20)
X= A⁻¹ B
X= ![\left[\begin{array}{cc}3&-2\\5&-7/2\end{array}\right] *\left[\begin{array}{c}4\\2\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcc%7D3%26-2%5C%5C5%26-7%2F2%5Cend%7Barray%7D%5Cright%5D%20%2A%5Cleft%5B%5Cbegin%7Barray%7D%7Bc%7D4%5C%5C2%5Cend%7Barray%7D%5Cright%5D)
X= ![\left[\begin{array}{c}(3*4) + (-2*2)\\(5*4) + (-7/2*2)\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bc%7D%283%2A4%29%20%2B%20%28-2%2A2%29%5C%5C%285%2A4%29%20%2B%20%28-7%2F2%2A2%29%5Cend%7Barray%7D%5Cright%5D)
X= ![\left[\begin{array}{c}12-4\\20-7\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bc%7D12-4%5C%5C20-7%5Cend%7Barray%7D%5Cright%5D)
X= ![\left[\begin{array}{c}8\\13\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bc%7D8%5C%5C13%5Cend%7Barray%7D%5Cright%5D)
x= 8, y= 13
solution set= (8,13).
Option b is correct.
Answer:
y = 2x-10
Step-by-step explanation:
just that is the way
The experimental probability is, as the name suggests, a probability based on observation. If we say that the experimental probability of seeing a hawk at the Avian Viewing Center on any given day is 20%, it means that someone has visited the center for many days, and at the end of this experiment he has met hawks on 20% of the days, i.e. one out of five days.
If we assume that these measurement are trustworthy, we can assume that Allison will also see a hawk on one fifth of the days.
Since she will visit the center for 240, she should expect to see a hawk on one fifth of these days, i.e.
days.