Answer:
a soda cost .65 and chips cost 1.3
Step-by-step explanation:
i hope this helps
SI
$1 000 × 4 % × 10 = $400
CI
($1 000 × 1.04 ^10) - $1 000 = $1 480.24 - $1 000 = $480.24
Interest on interest only applies to Compound Interest.
Excluding year 1, which yields $40 [the same as SI] the interest on interest yields $480.24 - $40 = $440.24
<em>-</em><em> </em><em>BRAINLIEST</em><em> answerer</em>
Answer:
The balance be after he has made exactly half of his monthly payments is $56881.4.
Step-by-step explanation:
Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.
To find : What will his balance be after he has made exactly half of his monthly payments?
Solution :
Formula of monthly payment ,
Discount factor
Where, Amount = $40,000
Rate r= 4% compounded monthly
Time = 10 years
Now, put all the values we get,
Half of the monthly payment is $807.345
Payment for 10 years is 
The balance is $96881.4-$40000=$56881.4
Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.