Answer:
Step-by-step explanation:
Answer:
a)15:6 b)2:3
Step-by-step explanation:
No. of used books=15-9=6
a) 15:6
b)
6:9
2:3
The second option has a lower amount of interest paid.
In order to determine the loan option that minimizes loan payment, the future value of both loan options has to be determined.
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
<em><u>First loan option </u></em>
65000( 1 + 0.063/12)^300 = 312,707.21
<em><u>Second loan option </u></em>
65000( 1 + 0.048/12)^240 = 169,435.51
A similar question was answered here: brainly.com/question/23082103
The temperature after 7 hours is -2° F
<em><u>Explanation</u></em>
At 3 p.m the temperature was 12° F
Then , the temperature began to drop 2° F every hour.
So, the total temperature dropped in 7 hours will be:
° F
Now, for finding the temperature after 7 hours, we need to <u>subtract the "temperature dropped" from the "initial temperature"</u>.
Thus, the temperature after 7 hours
° F