Find the future value of the loan. $34300 loan at 3.5% for 4 months
1 answer:
Answer:
The future value of loan amount after 4 months is $ 34,695.136
Step-by-step explanation:
Given as :
The loan principal = $ 34300
The rate of interest applied = 3.5 %
The time period = 4 months = year
Let The amount after 4 months = $ A
<u>From compounded method</u>
Amount = Principal ×
or, Amount = 34300 ×
or, Amount = 34300 ×
or, Amount = 34300 × 1.01152
∴ Amount = $ 34,695.136
Hence The future value of loan amount after 4 months is $ 34,695.136 Answer
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Answer:
Figure (i) and (iv)
Step-by-step explanation:
Given:
Optional figure is given in attached file.
We need to find two figures that are similar to the 5 by 10 figure.
All the given figure are form.
Where m represent the number of rows and n represent the number of columns.
Solution:
Observe that in the given figure 5 by 10, the number of rows is 5 and number of columns is 10, that is, the number of columns is double of that the number of rows.
So we need to find two such figures whose number of columns is double of the number of rows.
From the given figures, figure (i) the number of rows is 2 and number of columns is 4, which is double of number of rows. so it is similar to 5 by 10 figure.
Similarly in figure (iv), the number of rows is 4 and number of columns is 8. so the number of columns is double the number of rows, so it is similar to the figure 5 by 10.
Therefore, the two figures that are similar to 5 by 10 figure are given in attached file such as (i) and (iv).
