Answer:
Monthly payment = $268.32
Over the 10 years interest
= $32198.4
Step-by-step explanation:
According to the question
James will be paying his interest on a monthly basis.
So let's calculate how much the interest of a month it's going to be become with
P = 64397
R = 5
T =1/12
I = (64397*5*(1/12))/100
I = 321985*(1/12)/100
I = 26832.08333/100
I = 268.32
I = $268.32
So he will be paying$ 268.32 every month for 10 years
But in 10 years we have 10*12= 120 months
So total interest = 120*268.32
= $32198.4
I'm going to write out all of the money he gets each week, and when he has enough to pay back his sister, I will subtract the money he payed her.
35 5 40 75 110 145 180 215 250 285 220 255 290 325 360 395 430 465 500 535
Now count how many numbers there are (20), and that's your answer! :)
The answer is 20
Hopefully this helps! If you have any more questions or don't understand, feel free to DM me, and I'll get back to you ASAP! :)
300.
1-4 round down or keep the place in front of it the same
while 5-9 round up
Katie volunteers 12 hrs.
elizabeth volunteers 9 hrs.
siobahn volunteers 3 hrs
There are 6 balls to every box (a ratio of 6 to 1). Therefore, when there are 78 balls, there are 13 boxes.
