I worked out the problem hope it helps
Answer:
$12.31
Step-by-step explanation:
Think of the original rate of pay as being 100%.
If your rate is increasing by 7%, it will now be 107% of the original rate (since 100% + 7% = 107%)
To find 107% of $11.50, convert 107% into a decimal
⇒ 107% = 107/100 = 1.07
then multiply this by the original rate to get the new increased rate:
⇒ $11.50 × 1.07 = $12.305
Rounding this to the nearest hundred = $12.31
Alternatively, you can find 7% of $11.50 and then add this to $11.50.
⇒ 7% = 7/100 = 0.07
Therefore, 7% of $11.50 = 0.07 × $11.50 = $0.805
Add this to the original rate:
$11.50 + $0.805 = $12.305
Rounding this to the nearest hundred = $12.31
Answer:
1 inch
Step-by-step explanation:
The perimeter is the sum of the lengths of the sides:
Perimeter = 3/23 + 9/23 + 11/23 = (3 + 9 + 11)/23 = 23/23 = 1
Amount of the mortgage after down payment is
160,000−160,000×0.2=128,000
Now use the formula of the present value of annuity ordinary to find the yearly payment
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 128000
PMT yearly payment?
R interest rate 0.085
N time 25 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT= 128,000÷((1−(1+0.085)^(
−25))÷(0.085))
=12,507.10 ....answer