Answer:
Electricity bill is 175
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Step-by-step explanation:
Given
monthly
Required
Determine the electricity bill
If each roommate pays 425, then 5 roommates pay 5 * 425
This implies that: the monthly cost of room, gas and electricity add up to 2125.
In other words,
<em>Hence, the electricity bill is 175</em>
Amount =$48003.20
Step-by-step explanation:
Here apply the compound interest formula;
where;
P=Principal amount invested = $37500
r=rate of interest as a decimal, 2.5% =0.025
n=number of compounding per year=1
t=time period the amount in invested=10
In our case, the amount after investing will be;
Interest earned after the period= $48003.20-$37500 =$10503.20
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Compound Interest formula application: brainly.com/question/7014337
Keywords: inherit, sum, money, interest
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Answer:
Monthly interest rate is r=0,004375
Monthly principal c=590,625
Step-by-step explanation:
Monthly interest payment rate :
Now, we need to find monthly principal payment :
Use this rule :
P=108000
r=0,004375