Fleece vests regularly priced at $15.99 are on sale for $12.99. If the sales tax is 5%, how much can you save by buying the vest
1 answer:
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The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $ 295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Since, population of species A is represented by :
Let us find the population of species A, at the end of week 1:
i.e., x = 1
i.e.,
i.e.,
i.e.,
Also, since population of species B is represented by :
Let us find the population of species B, at the end of week 1:
i.e., x = 1
i.e.,
i.e.,
i.e.,
Thus, at the end of 1 week, species A and species B will have the same population.
Hence, option D is correct.