Answer:
The square root of 144 will be 12
In order to get as many tickets they need 15 business class tickets and 12 economy class tickets (700x15=10,500)(375x12=4500) Which when you add those two makes 15,000.
Simply using the given formula ,
I = P × R × t
I = 100 × 10/100 × 3
I = $30
Answer:
$297.41
Step-by-step explanation:
Given that:
Amount = 9270
Derferred period = 6 months = 0.5 yr
Rate = 17.95% = 0.1795
Amount = 9270(1 + 0.1795)^0.5
Amount = 9270(1.1795)^0.5
Amount = 10067.663
PV = 10067.663
Number of months, n = 48
Monthly amount to be paid :
rp = rate per period = 0.1795/12 = 0.0149583
(rp * PV) / 1 - (1 + rp)^-n
(0.0149583 * 10067.663) / 1 - (1 + 0.0149583)^-48
150.5951234529 / 0.5096723
= 295.47441
Closest option is $297.41
