15360 = P {1-(1.0479)^-16 / 0.0479]
15360 / {1-(1.0479)^-16 / 0.0479] = P
P = 1396.1604
Sam's total payment = 1396.1604^16 = 22338.56
interest charge = 6978.56
Total finance charge = 8273.20
1294.64/8273.2 x 100 = 15.6486
I think the answer is D. 15.65 %
hope this helps
30/210 simplified to 1/7 i think
Answer:
135
Explanation:
Substitute 3 and 9 for a & b
5(3)(9)
= 135
Answer:
Step-by-step explanation:
<u>Let's use PRT/100 to see what will be the total amount.</u>
- Total amount = Interest + Principle
<u>Solution:</u>
- PRT/100 = Interest
- => 2000 x 3.75 x 20 years/100
- => 20 x 3.75 x 20 = Interest
- => 2 x 2 x 375 = Interest
- => 4 x 375 = Interest
- => 1500 = Interest
- => Total amount = 1500 + 2000
- => Total amount = $3500
Hence, after 20 years, the amount earned is $3500.
24.67 rounded to one significant figure would be 25.
