Word problem plz help thanks fam 7.04
2 answers:
<u>Answer:</u>
The correct answer option is .
<u>Step-by-step explanation:</u>
We are given that the number of potatoes, p, is four more than half the number of green beans, g.
We are to write an expression that represents the number of potatoes in terms of the number of the green beans.
Half the number of greens =
Four more than = +4
So the expression will be:
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Niki pays $39,467 interest will he have paid in total.
Given that,
Niki makes the same payment every two months to pay off his $61,600 loan.
The loan has an interest rate of 9.84%, compounded every two months.
If Niki pays off his loan after exactly eleven years.
We have to determine,
How much interest will he have paid in total?
According to the question,
The total interest will be paid is determined by,
Where, PV = $61,600, r = interest rate = 9.84% = 0.0984;
t = number of payments in a year = 6; n = number of years = 11 years and P is the periodic payment.
Substitute all the values in the formula;
Therefore,
Niki pays $1,534.78 every two months for eleven years,
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48.
Hence, Niki pays $39,467 interest will he have paid in total.
For more details about Interest rates refer to the link given below.