Answer:
Step-by-step explanation:
<u>Given</u>
- Monthly payment P = $300
- Time t = 3 years = 36 months
- Number of payments n = 36
- Interest rate r = 12% PA = 1% per month = 0.01 times
<u>Use loan payment formula:</u>
- P = r(PV) / (1 - (1 + r)⁻ⁿ),
- where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments
<u>Substitute values and solve for PV:</u>
- 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
- PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
- PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)
Answer:
Step-by-step explanation:
<span>Simplifying
12 + -6(w + -3) = 3(-5 + -3w) + 21
Reorder the terms:
12 + -6(-3 + w) = 3(-5 + -3w) + 21
12 + (-3 * -6 + w * -6) = 3(-5 + -3w) + 21
12 + (18 + -6w) = 3(-5 + -3w) + 21
Combine like terms: 12 + 18 = 30
30 + -6w = 3(-5 + -3w) + 21
30 + -6w = (-5 * 3 + -3w * 3) + 21
30 + -6w = (-15 + -9w) + 21
Reorder the terms:
30 + -6w = -15 + 21 + -9w
Combine like terms: -15 + 21 = 6
30 + -6w = 6 + -9w
Solving
30 + -6w = 6 + -9w
Solving for variable 'w'.
Move all terms containing w to the left, all other terms to the right.
Add '9w' to each side of the equation.
30 + -6w + 9w = 6 + -9w + 9w
Combine like terms: -6w + 9w = 3w
30 + 3w = 6 + -9w + 9w
Combine like terms: -9w + 9w = 0
30 + 3w = 6 + 0
30 + 3w = 6
Add '-30' to each side of the equation.
30 + -30 + 3w = 6 + -30
Combine like terms: 30 + -30 = 0
0 + 3w = 6 + -30
3w = 6 + -30
Combine like terms: 6 + -30 = -24
3w = -24
Divide each side by '3'.
w = -8
Simplifying
w = -8</span>
Total liters of water needed = number of attendee x water consumption/attendee wherenumber of attendee = 7000 attendeewater consumption/attendee = 0.5litre of water/attendeetotal = 7000 x 0.5 litre = 3500 litrescomputing the water requirement per 200 litre containerwater requirement in the event = 3500 litres/200 litre /container = 17.5 containersThe water requirement in the event at the arena of 7000 attendees is 17.5 containers.
