What is the solution of the system of linear equations below?
1 answer:
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Answer:
monthly payment = $56.445
Step-by-step explanation:
given data
loan = $5000
interest rate r = 5.3 % = 0.053
time t = 2 year = 24 months
solution
we will use here amount of the monthly payments formula that is
monthly payment = principal × ................1
put here value and we get
monthly payment = 5000 ×
monthly payment = $56.445
Answer:
Rent in 10th year = $5345.90
Step-by-step explanation:
Rent of apartment during first year = $1800 per month
But growth in rent with 11.5% per year will be represented by the exponential function,
Rent in 't'th year =
=
=
Therefore, rent during 10th year will be,
Rent in 10th year =
= $5345.90