Answer: P = $ 1,998.01
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 24%/100 = 0.24 per year,
putting time into years for simplicity,
1 months ÷ 12 months/year = 0.083333 years,
then, solving our equation
P = 39.96 / ( 0.24 × 0.083333 ) = 1998.007992032
P = $ 1,998.01
The principal required to
accumulate interest of $ 39.96
on a rate of 24% per year for 0.083333 years (1 months) is $ 1,998.01.
Answer:
The equation of the Parallel line to the given line is 5x+y-7=0
Step-by-step explanation:
<u><em>Explanation:-</em></u>
Given that the line y = - 5x+4 and point (1,2)
The equation of the Parallel line to the given line is ax+by+k=0
Given straight line 5x + y -4 =0
The equation of the Parallel line to the given line is 5x+y+k=0
This line passes through the point (1,2)
5x+y+k=0
5(1)+2+k=0
⇒ 7+k=0
k =-7
<u>Final answer:-</u>
The equation of the Parallel line to the given line is 5x+y-7=0
