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rjkz [21]
3 years ago
7

"Scenario: You have to pay your share of the rent today. The total rent for your apartment is $1762.50. You have two roommates t

hat you share the costs. You owe 1/3 of the rent. You checked your account balance online and your current balance is $668.72"
Mathematics
2 answers:
iVinArrow [24]3 years ago
6 0

Answer:

If you are asking if you can afford to pay rent, then yes you can. Your share of rent would be 1762.50 divided by 3, which equals 587.50. Therefore since 587.50 is less than 668.72, you can afford to pay your rent. Hope this helps!

Step-by-step explanation:

topjm [15]3 years ago
3 0

Answer:

You would be required to pay $587.50

Step-by-step explanation:

Divide $1762.50 by three:

You get $587.50

To find how much you have left:

Subtract 587.50 from 668.72:

You'd be left with

$81.22

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Answer:

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Step-by-step explanation:

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Read 2 more answers
Patricia and Joe Payne are divorced. The divorce settlement stipulated that Joe pay $485 a month for their daughter Suzanne unti
zhuklara [117]
\bf \qquad \qquad \textit{Future Value of an ordinary annuity}
\\\\
A=pymnt\left[ \cfrac{\left( 1+\frac{r}{n} \right)^{nt}-1}{\frac{r}{n}} \right]

\bf \begin{cases}
A=
\begin{array}{llll}
\textit{original amount}\\
\textit{already compounded}
\end{array} &
\begin{array}{llll}

\end{array}\\
pymnt=\textit{periodic payments}\to &
\begin{array}{llll}
485\cdot 12\\
\underline{5280}
\end{array}\\
r=rate\to 6\%\to \frac{6}{100}\to &0.06\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{a year, thus once}
\end{array}\to &1\\

t=years\to &4
\end{cases}
\\\\\\


\bf A=5280\left[ \cfrac{\left( 1+\frac{0.06}{1} \right)^{1\cdot  4}-1}{\frac{0.06}{1}} \right]

Joe is making $485 payments monthly, but the amount gets interest on a yearly basis, not monthly, so the amount that yields interest is 485*12

also, keep in mind, we're assuming is compound interest, as opposed to simple interest
3 0
3 years ago
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Answer:

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Step-by-step explanation:

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Answer:

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3 years ago
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