Which comparison is true a. 0>1% b. 0 0.2 d. 1%>0.01
2 answers:
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Given:
The principal = $ 4000
The rate of interest = 22 %
To find the loan amount a) after 1 year and b) after 3 years.
Formula
Loan amount is
where,
A be the loan amount
P be the principal
r be the rate of interest and
t be the time.
Now,
a) Taking, P = 4000, r = 22, t = 1 we get,
or,
Again,
b) Taking, P = 4000, r = 22 and t = 4 w eget,
Hence,
a) The amount of loan after 1 year is $ 4880
and b) The amount of loan after 4 year is $ 7263.39.
Mr. and Mrs. Lorenzo have saved $38,430 for the home they want to buy
Information about the problem:
- Initial cost = $213,500
- Savings = 18%.
- Final savings =?
To solve this exercise we have to apply the percentage formula:
Final savings = initial cost * savings / 100
Final savings = $213,500 * 18 / 100
Final savings = $213,500 * 0.18
Final savings = $38,430
<h3>What is a percentage?</h3>Percentage is defined as the number that represents a ratio of a total that is divided by 100 equal parts. It is represented by the symbol %.
Learn more about percentage at: brainly.com/question/24877689
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