The amount of interest that will be paid in the first 5 years is $120.00
Answer:
SP = 1274
Discount 9%
Selling price = MP (100 - d) / 100
1274 = MP (100 - 9) / 100
1) MP = 1400
i) After 5% discount = 1400 x 0.95 = 1330
After 4% discount = 1330 x 0.96 = 1276.80
Answer:
52 weeks
Step-by-step explanation:
The club starting with $270 (club 1) is increasing their bank balance each week by ...
... $280 -270 = $10
The club starting with $10 (club 2) is increasing their bank balance each week by ...
... $25 -10 = $15
Club 2 is gaining on Club 1 by $15 -10 = $5 each week. So, the initial difference of $270 -10 = $260 will be overcome in ...
... $260/($5/week) = 52 weeks
_____
The same result is shown in the attached graph, which also shows that both clubs' bank balances will be $790 at that time.
p=-42
move 98 to the right side of the equal sign which becomes -98
p=56-98
do the math
p=-42