Answer:
- Interests charged for 4 years: $80
- Total amount to pay back:$480
Step-by-step explanation:
- To know the future value of an specific amount that is borrowed from a bank we use the following equation:
, where FV is future value, PV present value, n the amount of periods and i the interest rate. - In this particular case, the present value of the loan is $400, n=4 (4 years), i=5%. Then the future value equals:
. Then FV= $480, which is the total amount of money she would have to return in 4 years. - The interest paid can be calculated as the total amount paid ($480) minus the inicial loan ($400), which means that total interests paid= FV- PV= $80.
I dont think so because an acute angle is always lower than 90 so .. i dnt think even two will add up more than 90
202,752 inches are in 3.2 miles.
Answer:
Step-by-step explanation:
we know that
The insurance company reduces the price by 2.1%
Remember that
The actual cost of £475.29 a year represent the 100%
so
To find out the new insurance cost, multiply the original cost by the factor 0.979
