Let the total no. of 25 p coins be x
50p coins = 2x

Value of 25 p coins ( in rupees) = 0.25*x =0.25x
Value of 50p coins ( in rupees) = 0.5*2x = x

0.25x+x = 25
1.25x =25
x = 25/1.25 = 20

no. if 25p coins = 20
and 50p coins = 2*20 = 40

4 0

3 years ago

Describe the effect an increase in i, the interest rate applied to the present value, has on the monthly payment P in the formul

VARVARA [1.3K]

Answer:

B. An increase in i, the interest rate, will create an increase in P, the monthly payment.

Step-by-step explanation:

We have the formula for the monthly payment as,

$P=\frac{i \times PV}{1-(1+i)^{-n} }$ ,

where P = monthly payment, i = rate of interest, PV = present value and n = time period.

Now, as i increase we get that (1+i) increases and so $(1+i)^{n}$ increases.

This gives us that, $\frac{1}{(1+i)^{n} }$ decreases and so $1-\frac{1}{(1+i)^{n}}$ decreases

Therefore, $\frac{1}{1-(1+i)^{-n} }$ increases.

So, we get that as i increases , the value of P will increase.

Hence, option B is correct.

4 0

3 years ago

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