which of these Expressions will give the unpaid balance for 7 years on a $60,000 loan with an APR of 8.4% compounded monthly if
the monthly payment is $516.90
1 answer:
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Answer:
The walk will cost $8164.
Step-by-step explanation:
Given:
Diameter of the circular pond (D) = 24 yd
Width of the gravel path (x) = 2 yd
Cost per yard of the path = $50
Now, radius of the circular pond is half of the diameter and is given as:
Now, area of the pond is given as:
Area of the complete path including the pond area is given as:
Now, area of the gravel path can be obtained by subtracting the pond area from the total outer area. This gives,
Now, using unitary method,
Cost of 1 square yard of path = $50
∴ Cost of 163.28 square yard of path = 50 × 163.28 = $8164
Hence, the walk will cost $8164.