Since only the principal value, interest rate and interest period are given, we can deduce that "finance charge" only includes the interest to be paid at the end of the term. This can be obtained by subtracting the principal value from the future value which we will solve for.
The future value can be solved by using the following compound interest formula:
Let:
F = Future value
P = Principal value
r<span> = annual interest rate </span>
n<span> = number of times that interest is compounded per year</span>
t<span> = number of years</span>
F = P(1 + r/n)^nt
Substituting the given values:
F = 4250(1 + 0.1325/12)^(12*2)
F = 5531.54
Subtracting P from F:
Finance charge = 5531.54 - 4250 = 1281.54
Therefore the finance charge is $1,281.54
Answer:
We have 16 ounces of 3% H2O2
How many ounces of 30% H2O2 do we add to make a 10% H2O2 solution?
let x = amount of ounces of 30% H2O2 to add
.03 * 16 + .30x = .10 * (16 + x)
.48 + .30x = 1.6 + .1x
.2x = 1.12
x = 5.6 ounces
Source:
https://www.1728.org/mixture.htm
Step-by-step explanation:
Answer:
12 meters
Step-by-step explanation:
Given That :
Length of ladder = 15m
Height of wall =. 9 m
Using Pythagoras rule :
Adjacent² = hypotenus² - opposite²
Adjacent² = 15² - 9²
Adjacent² = 225 - 81
Adjacent² = 144
Adjacent = sqrt(144)
Adjacent, x = 12
Answer:
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Step-by-step explanation:
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65.0
This is because 4 is not a big enough number to round up, so you must round down. When it is 5 and over, you can round up.
