Let me help you, but first I will explain the formula used to calculate monthly compound interest.
The formula used to calculate compound monthly compound interest is
a=p(1+r/n)^nt
P Represents the principal
R Represents the rate (in decimal)
N is basically 12 months
T Represents the time (in years)
Let's plug the numbers in.
First statement
"His bank has offered him a loan at 13% interest for 36 months"
12000(1+.13/12)^(12)(3)
12000(1+.13/12)^(12)(3) = $17,686.64
Second statement
"12% interest for 60 months"
Plug in the numbers into the formula.
12000(1+.12/12)^(12)(5)
12000(1+.12/12)^(12)(5) = 21,000.36
<u>Answer</u>
The answer would be "13% interest for 36 months" as it is much lower compared to the other statement.
Answer:
x = 23
Step-by-step explanation:
2x -3 + 47 = 90
2x = 46
x = 23
The total solution will include 17.5 cup of vinegar 0.5 cups of rubbing alcohol, and 2 cup of water which is a total of 35 cups of solution. Sofie will need 6 total containers to hold all of the solution.
<h3>
Number of container</h3>
1 cup of rubbing alcohol:
1 cup of rubbing alcohol=1÷1/2
1 cup of rubbing alcohol=2
Cup of alcohol needed:
Cup of alcohol needed=1+1/2+16
Cup of alcohol needed=17.5 cups
Total cups:
Total cups=17.5×2
Total cups=35 cups
Number of container:
Number of container=1+35/5
Number of container=1+5
Number of container=6 containers
Therefore the total solution will include 17.5 cup of vinegar 0.5 cups of rubbing alcohol, and 2 cup of water which is a total of 35 cups of solution. Sofie will need 6 total containers to hold all of the solution.
Learn more about Number of container here:brainly.com/question/20533888
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Answer:
57 dollars and 14 or 15 cents
Step-by-step explanation:
400 divided by 7
Answer:
Step by step explanation:
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