12:5 is what you are looking for. 12/5 in fraction form
Answer:
7.69
Step-by-step explanation:
13.99 x 0.45 = 6.2955 or 6.3
13.99 - 6.3 = 7.69
We have to find the values of m and n. We know that the value of n is 5 times as much as the value of m : n = 5 m. Also n is 36 more than the value of m : n = m + 36. This is a system of equations. Of we substitute n = 5 m into the second equation: 5 m = m + 36; 5 m - m = 36; 4 m = 36; m = 36 : 4; m = 9. Finally: n = 5 * 9 ; n = 45. Answer: The values are n = 45 and m = 9.
First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15