Answer:
Tip: $8
Total:$48
Step-by-step explanation:
Multiply 40 by 20% to find out how much money he gave for tip.
Add the amount of tip, 8, to $40 find out the total amount of money he spent.
Amount financed
320−100=220
Total paid
100+25×12=400
Interest paid
400−320=80
Interest rate=(2yc)÷(m (n+1))
I=(2×12×80)÷(220 (12+1))
I=(2×12×80)÷(220×13)
I=0.67×100
I=67%
The formula of a continuous compound interest is
A=p e^rt
A future value 7300
P present value 1500
E constant
R interest rate 0.0675
T time?
Solve the formula for t
T=[log (A/p)÷log (e)]÷r
T=(log(7,300÷1,500)÷log(e))÷0.0675
T=23 years
Answer:
Im not sure how to be honest.
Step-by-step explanation:
Im not sure how to be honest.