Answer:
after 4 months $8352.96
AFTER 13 MONTH $7426.507
AFTER 23 MONTH A = 7675.69
Step-by-step explanation:
Given data:
P = $9388.81
Compound interest cab be determined as
A = P( 1+ r/n)^(nt)
after 4 months
A = 9513.58
But he has to pay $1160.62 after 4 month so remaining amount is
P = 9513.58 - 1160.62 = $8352.96
AFTER 13 MONTH, so total time is 9 month
A = 8604.79
But he has to pay $1178.29 after 13 month so remaining amount is
P = 8604.79 - 1178.28 = $7426.507
AFTER 23 MONTH so total time is 10 month
A = 7675.69
As the weight increases, the price increases.
Your calculator says error because you cant have a square root of a negative number because there is no solution to that maybe recheck your equation and try again
Answer:
Step-by-step explanation:
Let X be the initial price in March 2004.
Let X' be the price for March 2005.
Let X" be the price for June 2005.
March 2005: The price was reduced by 20%. Thus, X' = 0.8X
June 2005: The price was reduced by 1/6 of the March 2005 price: Thus,
X" = X' - (1/6)X'
Substituting, we have X" = (0.8X) - (1/6)(0.8X)
X" = (0.8X) - (1/6)(0.8X)
X" = (0.8X) - (0.1333X)
X" = 0.6667X
The June 2005 price is 0.6667 of the 2004 price. That's a (1-0.6667) or 33.33% reduction.
