Answer:
The monthly payments $193.33.
The total interest for the loan $1,599.8.
Step-by-step explanation:
Given formula:
= (PMT×nt)-P
PMT= Monthly installment
P= Present value
r= Rate of interest
t= Time
n= Number of interest per year.
Here,
P=$10,000, r= 6%=0.06, t= 5 years, n=12
= (PMT×nt)-P
=(193.33×12×5)-10,000
=11,599.8 -10,000
=$1,599.8
The monthly payments $193.33.
The total interest for the loan $1,599.8.
Step 1 is to factor everything!
After factoring you will get:
x-5 over (x+2)(x+5) times x+4 over (x-3)(x+4)
Step 2 is to remove the duplicate factors!
Remove x+4 and x+5
x-5 over (x+2)(x-5) times 1 over x-3 = 1 over x+2 times 1 over x-3
Step 3 is to multiply the numerators and the denominators.
End result is 1 over (x+2)(x-3)
Answer:
$0.75 per bottle is the unit cost per bottle
The amount Howie will pay back at the end of one year is $26000.00
The given parameters are:
-- the principal amount
-- the interest rate
--- the duration
The amount to pay back in this duration is then calculated using:
So, we have:
Express percentage as decimal
Multiply
Hence, the amount to pay back is $26000.00
Read more about simple interest at:
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