Using the formula of P(1 + r)^n = x where p represents the initial value, r represents the rate and n represents the number of years and x is our final output. We want to find P so we have to make it the subject of the equation.
1 + 0.04 = 1.04
1.04^18 = 2.025816515
Then divide the total amount by this to get 185,110.5454
Therefore the answer is $185,110.55
Hope this helps! :)
The product (multiplication) of 5 and m squared (²) increased (addition) by the sum (addition) of the square (²) of m and 5.
(5m²) + (m² + 5)
We are given
P = <span>$1,945.61
r = 11.2%
Amin = $156
A = $300
First, we convert the interest to effective monthly terms
i = 11.2%/12 = 0.933%
After one month, the interest saved by paying more than the minimum is
</span>(0.00933) (300 - 156) = $1.35
Answer:
18m
Step-by-step explanation:
113.04m/3.14 = 36m/4m = 9m*2 = 18m
This will only be able to hold 153 dogs in total. He will need 1 additional truck to hold the last 7 dogs.
