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nalin [4]
4 years ago
10

What is the value of m in the equation 38(m−29)=434 ?

Mathematics
1 answer:
Len [333]4 years ago
8 0
38(m - 29) = 434...distribute thru the parenthesis
38m - 1102 = 434...add 1102 to both sides
38m = 434 + 1102
38m = 1536....divide both sides by 38
m = 1536/38
m = 768/19 or 40 8/19
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_____

<em>Additional comment</em>

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3 years ago
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John takes out a loan for $ 10 , 000 at a simple interest rate of 5 % to be paid back in 36 monthly installments.
andrew-mc [135]

The monthly principal and interest payment John will pay monthly is $3,750.04

<h3>What is the amount of principal and interest repayment?</h3><h3 />

Given:

  • P = 10,000
  • i = 5% / (12 months) = 0.375
  • L = 36 months

M = 10000 \times  \frac{0.375}{ {1 - (1 + 0.375)}^{ - 36} }

M = 10000 \times  \frac{0.375}{ {1 - (1.375)}^{ - 36} }

M = 10000 \times  \frac{0.375}{ {1 - (0.00001049791)} }

M = 10000 \times  \frac{0.375}{ 0.99998950208 }

M = 10000  \times  0.37500393675

M = 3750.03936758

Approximately,

M = $3,750.04

Therefore, John will be be repaying $3,750.04 monthly including principal and interest

Read more on simple interest:

brainly.com/question/20690803

#SPJ1

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