suppose that you borrow $12000 for 4 years at 6% towards the purchase of a car. use pmt to find the monthly payments and the tot
1 answer:
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Answer:
Step-by-step explanation:
Given
--- initial
-- rate
Value after a year = $20.70
Required
Expression to calculate its value after y years
This is calculated using:
Where
Substitute in
Substitute and
in
Answer:
The total number of units produced is 6 .
Step-by-step explanation:
Given as :
The earning of worker at the factory = $ 12 per hour + $ 2.50 each unit per hour
The total earning of worker per hour = $ 27
Let The total number of unit produced = x
According to question
The wage worker earn per hour + earning × per unit produced that hour = Total earning of worker per hour
Or, $ 12 per hour + $ 2.50 each unit per hour × x = $ 27
Or, $ 2.50 each unit per hour × x = $ 27 - $ 12
Or, $ 2.50 each unit per hour × x = $ 15
∴ x =
Or, x = 6
Hence The total number of units produced is 6 . Answer