Answer:
$125
Step-by-step explanation:
To solve this, we need to find 2.5% of 5,000. To do this, we multiply 5,000 by .025. This gets us 125. That means you earn $125 worth of interest in one year.
Answer:
Angle A = 53
Step-by-step explanation:
All triangles add up to 180 so...
Lets use x to describe angle A
100+27+x=180
127+x=180
x=53
I'm confused what its asking about b and c but hope this helps a bit :)
Answer:
Step-by-step explanation:
<u>Given</u>
- Monthly payment P = $300
- Time t = 3 years = 36 months
- Number of payments n = 36
- Interest rate r = 12% PA = 1% per month = 0.01 times
<u>Use loan payment formula:</u>
- P = r(PV) / (1 - (1 + r)⁻ⁿ),
- where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments
<u>Substitute values and solve for PV:</u>
- 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
- PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
- PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)
