Answer:
Step-by-step explanation:
Answer:
The total amount of interest Samantha will pay=$40,842.47
Step-by-step explanation:
Step 1: Determine expression of total interest amount to be payed
The expression for the total interest amount to be payed inclusive of interest is given by;
A=P(1+r/n)^(nt)-P
where;
A=total amount of interest to be payed
P=principal loan amount
r=annual interest rate
n=number of compounding periods in a year
t=number of years
In our case;
P=$40,000
r=4.7%=4.7/100=0.047
n=12
t=15 years
replacing;
A=40,000(1+0.047/12)^(12×15)-40,000
A=40,000(1.00392)^180-40,000
A=40,842.46821
The amount rounded of to the nearest cents=1/100=0.01, round off to the nearest 2 decimal places=40,842.47
The total amount of interest Samantha will pay=$40,842.47
Answer:
Area: 1,200 square centimeters. Perimeter: 140 centimeters.
Step-by-step explanation:
Since you have to multiply the length and width in order to find the area, multiply 30 and 40 together and you can find 1,200. Next, to find the perimeter you have to add all the lengths of the rectangular swimming pool, which will result in 140 centimeters.
