From September 20 to January 20, there are 4 months only which is equivalent to 1/3 of a year. The interest earned by the investment, P, made is calculated
I = P x i x n
where I is the interest, P is the principal amount, i is the interest rate, and n is the number of years. Substituting the known values,
I = ($7000)(0.08)(1/3)
I = $186.67
Hence, the answer to this item is $186.67.
Answer:
12:36
Step-by-step explanation:
Answer: 0.444444444 m / s2
Step-by-step explanation: All you have to do is divide 20 m/s by 45 seconds and you get the answer.
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~Jarvis
Answer:
$1516.69 per month less
Step-by-step explanation:
The formula for the monthly payment A on a loan of principal P, annual rate r, for t years is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
For the 18.5% loan, the monthly payment is ...
A = 150000(.185/12)/(1 -(1 +.185/12)^(-12·30)) ≈ 2321.92
For the 5% loan, the monthly payment is ...
A = 150000(.05/12)/(1 -(1 +.05/12)^-360) ≈ 805.23
The mortgage at 5% would be $1516.69 less per month.
Answer:
2/3
Step-by-step explanation:
In the problem the question is How much longer so that means subtract.
10/12 - 1/6 =2/3
