Answer:
Step-by-step explanation:
<u>Compound Interest</u>
This is a well-know problem were we want to calculate the regular payment R needed to pay a principal P in n periods with a known rate of interest i.
The present value PV or the principal can be calculated with
Solving for R
Where Fa is computed by
We'll use the provided values but we need to convert them first to monthly payments
Thus, each payment is
Question: An aquarium is on sale for $59.50. If this price represents a 15% discount from the original price, what is the original price?
First, you multiply the sale price and the 15% discount
![$59.50*.15 = [tex]$8.92](https://tex.z-dn.net/?f=%2459.50%2A.15%20%3D%20%5Btex%5D%248.92)
[/tex] (To change the percent to a decimal, you take out the percentage sign and divide by 100)
Now add $59.50 to $8.92
Answer:
$68.43 (when rounded to the nearest cent)
or
$68 (when rounded to the nearest dollar)
or
$70 (when rounded to the nearest ten dollar)
Answer:
T(3) = 13
Step-by-step explanation:
If we are trying to find the 3rd term of this <em>specific </em>sequence, then we simply plug in 3 as n.
T(3) = (3)² + 4
T(3) = 9 + 4
T(3) = 13
However, this isn't proper notation for an arithmetic or geometric sequence.
Answer:
66
-30
___
36
Step-by-step explanation:
The answer is 36 do 66 minus 36.
