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Susan's monthly payment will be $117.93.
We have Susan take out a personal loan for $3,500 at an interest rate of 13% compounded monthly.
P=3500
r=30%
t=3
<h3>What is the amortization formula?</h3>
Where A is the payment,
P= principal,
r =the annual interest rate
t is the number of years.
use the given value in the formula we get
A=117.9288
A= 117.93
Susan's monthly payment will be $117.93.
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Let William be x years old.
Thomas = (4 + x) years
In five years,
William = (x + 5) years
Thomas = 4 + x + 5 = (9 + x) years
Given, in five years sum of their ages is 24.
x + 5 + 9 + x = 24
2x + 14 = 24
2x = 24 - 14
2x = 10
x =
x = 5
Hence, William is 5 years old and Thomas is 9 years old.
Thomas = (4 + x) years
In five years,
William = (x + 5) years
Thomas = 4 + x + 5 = (9 + x) years
Given, in five years sum of their ages is 24.
x + 5 + 9 + x = 24
2x + 14 = 24
2x = 24 - 14
2x = 10
x =
x = 5
Hence, William is 5 years old and Thomas is 9 years old.