Let's name the number 'n'. Now write an equation. 7*n +n^2 =12Now you can form a quadratic. n^2 +7n-12=0. Now you can use a myriad of methods to solve it. If you still need help, just message me.
First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
Answer:
£1.62
Step-by-step explanation:
add them all up then subtract 100 and forget about the negative sign
-6 and 6 is the answer to this
Answer:
Answer is A
Step-by-step explanation:
