Given:
P = $8000, the principal
r = 5.99% = 0.0599, the interest rate
t = 60 months = 5 years, the duration
Assume n = 12, monthly compounding.
n*t = 12*5 = 60
r/n = 0.0599/12 = 0.004992
The total value of the loan is
A = P(1 + r/n)⁶⁰
= 8000(1.004992)⁶⁰
= 10785.434
Monthly payment = 10785.434/60 = $179.76
Answer: $179.46
if the bill was $23.60, and the tip was 15%, kim will earn $3.54. the overall total of the meal would be $27.14 :)
Anwser will be $3.54
15% = .15 ( to convert percent to decimal, change the % to . and move the decimal two places to the left)
23.60 * .15 = 3.54
Step-by-step explanation:
6/4 + 2/3 (taking LCM between denominators)
=> 6*3/4*3 + 2*4/3*4
=> 18/12 + 8/12
=> (18 + 8)/12
=> 26/12
=> 13/6
Answer:
Principal or Initial Amount of Money
Step-by-step explanation:
Given, f(x) = 3005(1+0.03)^x.
Now, comparing with f(x)= ab^x where
a = initial value
b = rate of growth
x = time or period
This, function is an exponential growth function. So by comparing we get a= 3005 which is the initial value b = 0.03.
But in this case according to the question, the function f(x)= 3005(1+0.03)^x represents the amount of money in a savings. So the answer is 3005 which is the initial money.
The first one would reduce the size because it would now be 4/5 of the actual size
The scale factor 7/2 would enlarge it because it is getting 3 1/2 time larger than the oringanl size
