For this problem, we will be using the formula for loan:
PMT=P[(r/n)/1-(1+r/n)^-ny]
where:
P=Principal Value
r=rate
n=number of compoundings/year
y=year
To solve:
*Weston is only financing $185,000.
P=$185,000
r=6.525% or 0.06525
n=12 (monthly)
year=30
PMT=185000[(0.06525/12)/1-(1+0.6525/12)^-12*30
= 185000[(.0054375)/1-(1+.0054375)^-360
= 185000[(.0054375)/1-(1.0054375)^-360
= 185000[(.0054375)/1-(0.142)
= 185000[(.0054375)/(.858)
= 185000(0.00634)
= 1,172.37
Answer: $1,172.37
12 inches x 12 inches equals square foot
equals 144 square inches
Answer:
4 years
Step-by-step explanation:
Given data
Simple interest= $400
Principal= $2000
Rate= 5%
The simple interest formula is given as
SI=PRT/100
substitute and solve for T
400=2000*5*T/100
cross multiply
400*100= 10000*T
40000=10000T
T= 40000/10000
T= 4 years
Hence the time taken is 4 years
✧・゚: *✧・゚:* Hello ✧・゚: *✧・゚:*
༶•┈┈⛧┈♛ ♛┈⛧┈┈•༶
I will give you a explanation about how I got the answer!
Plus, I'm am so sorry if I answer this so long...
Hope It Helped! :)