Answer:
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount taken as loan
R represents interest rate
T represents the duration of the loan in years.
1) From the information given,
P = cost of gym = $2200
R = 6%
T = 3 years
I = (2200 × 6 × 3)/100 = $395
The total amount that he would pay after 3 years is
2200 + 395 = $2596
If he decides to continue going to the gym, the total amount that the would pay in 3 years(3 × 12 = 36 is
80 × 36 = 2880
Therefore, paying for the gym would cost more. He should take the loan.
2) if she takes the loan, the interest would be
I = (18000 × 7.5 × 5)/100 = $6750
The total amount that she would pay back after 5 years is
6750 + 18000 = $24750
Since the value that would be added to her house is $25000, therefore, she should buy it.
Answer:
1 hour and 15 minutes
Step-by-step explanation:
Answer:
n math, value is a number signifying the result of a calculation or function. So, in the example above, you could tell your teacher that the value of 5 x 6 is 30 or the value of x + y if x = 6 and y = 3 is 9. Value can also refer to a variable or constant. ... A variable is a letter used to signify an unknown number.
3,000+4,000+1
Three hundred four thousand, one
Answer:
44
Step-by-step explanation:
