Answer:
all work is shown and pictured
Answer:
It will take approximately 34 years
Step-by-step explanation:
If a town population is 8000 and grows 3% annually.
How long will it take to reach 16300
growth is 16300 - 8000 = 8300
using simple interest formula
SI = (P × r × t)/100
8300 = (8000 × 3 × t)100
8300= (80 × 3)t
8300 = 240t
t = 8300/240
t ≈ 34 years to the nearest tenth
Answer:
b or c
Step-by-step explanation:
Since there are 120 payment and the total interest paid was
$ 14,644.95. so the average monthly interest can be calculated by:
Average monthly interest = $ 14,644.95 / 120
Average monthly interest = $ 122.04
% total interest = ($ 14,644.95) / $ 39,644.95 x 100
% total interest =36.94 %
