Answer:
6
Step-by-step explanation:
Integers are whole numbers that do not have decimals.
4.18 ÷ 0.68 = 6.14
Remember, round down with 0-4, round up with 5-9.
6.14 can be rounded down to 6.
Answer:
227.5
Step-by-step explanation:
trust meh ._.
Answer:
your answer is not correct.
Answer:
9.4
Step-by-step explanation:
Hey there!
The question is asking us to use the model to find how long it would take for the loan amount to reach 7,000
In order to answer this, we need to make 7,000 equal to the equation:
7000=5000+5000(0.0425t)
Subtract 5000 from both sides
2000=5000(0.0425t)
Now we simplify the RHS
2000 = 212.5t
Now you divide both sides by 212.5 to get t by itself
t=9.41
So it would take 9.4 months for the loan amount to reach 7000
Lets solve the problem through compound interest formula,
The number of months are 360
The account pay interest rate is 5.1 %compounded monthly.
The amount withdraws each month is $2154
The value of n is 360.
The value of is<em> i</em> is 5.1%
So,
![P = A [(1+i)^n]-1/i(1+i)^n\\\\P = $2,154 [(1+(0.051/12))^30*12] - 1 / (0.051/12)(1+(0.051/12))^30*12\\\\P = $396,721.78](https://tex.z-dn.net/?f=P%20%3D%20A%20%5B%281%2Bi%29%5En%5D-1%2Fi%281%2Bi%29%5En%5C%5C%5C%5CP%20%3D%20%242%2C154%20%5B%281%2B%280.051%2F12%29%29%5E30%2A12%5D%20-%201%20%2F%20%280.051%2F12%29%281%2B%280.051%2F12%29%29%5E30%2A12%5C%5C%5C%5CP%20%3D%20%24396%2C721.78)
Hence the value of principal is $396721.78
Learn more about Compound interest on:
brainly.com/question/18456266
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