Write the decimal 0.018 as a quotient of two integers.
1 answer:
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Answer:
y = 4 and x = 12
Step-by-step explanation:
Step by step explanation in the pic. Atleast the way I did it.
The amount he needs to pay is $ 28753.61.
Step-by-step explanation:
Given,
Principal (P) = $ 8000
Time (T) = 10 years
Rate of interest (R) = 13%
The payment will be quarterly so, n = 4
To find the amount of compound interest.
Formula
Amount =
Now,
Putting the values of P, T, n and R we get,
Amount = 8000(
= 28753.61 (approx)