First things first, we have to find the number of people who share a room when there is 5 people to find how much the room would cost.
First multiply 36 by 5.
36 x 5 = 180
Now that we know that the total amount of the room costs 180 we need to divide that by 8 to see how much each person would end up paying if 8 people shared a room.
180 / 8 = 22.50
So the amount each person would pay is $22.50 if 8 people shared a room.
D
its just a basic logarithmic law.
Answer:
No, Arjun would need 2546 boxes
Step-by-step explanation:
Since he needs to pack 15,276 pastries into boxes of 6, this equation can be used to determine the amount of boxes needed. Hope this helps!
9514 1404 393
Answer:
$4127
Step-by-step explanation:
The amortization formula is good for finding this value.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where P is the amount invested at rate r for t years.
A = $600,000(0.055/12)/(1 -(1 +0.055/12)^(-12·20)) = $4127.32
You will be able to withdraw $4127 monthly for 20 years.
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
Step-by-step explanation:
The given is,
Compounds money quarterly
Double your money in 10 years
Step:1
Formula to calculate future investment with compounded quarterly,
...............................(1)
Where, A - Future amount
P - Initial investment\
r - Rate of interest
n - No. of compounding in a year
t - No. of years
Step:2
Let, P = X
A = 2X ( Double your money )
From given, n - 4 ( for compounding quarterly )
t - 10 years
From equation (1)



Take root
root on both side,
![\sqrt[40]{2} = (1+\frac{r}{4} )](https://tex.z-dn.net/?f=%5Csqrt%5B40%5D%7B2%7D%20%3D%20%281%2B%5Cfrac%7Br%7D%7B4%7D%20%29)





r = 6.992 %
Result:
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.