1. June collects books. Last year she had 20 books in her collection. Now she has 30 books. What is the percent increase of her
collection?
2. Mallory’s bill at the Townie Deli is $15.70, not including tax. If she leaves an 18% tip and has to pay 7% sales tax, how much is the total bill?
3. A tablespoon is equivalent to about 4 teaspoons. A recipe calls for 2/3 cup of sugar for every 1/2 teaspoon vanilla. What is the unit rate in tablespoons per cup?
2. Mallory’s bill at the Townie Deli is $15.70, not including tax. If she leaves an 18% tip and has to pay 7% sales tax, how much is the total bill?
3. A tablespoon is equivalent to about 4 teaspoons. A recipe calls for 2/3 cup of sugar for every 1/2 teaspoon vanilla. What is the unit rate in tablespoons per cup?
1 answer:
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The present value (PV) of a loan for n years at r% compounded t times a year where there is equal P periodic payments is given by:
Given that <span>Beth is taking out a loan of PV = $50,000 to purchase a new home for n = 25 years at an interest rate of r = 14.25%. Since she is making the payment monthly, t = 12.
Her monthly payment is given by:
Therefore, her monthly payment is about $611.50
</span>
Given that <span>Beth is taking out a loan of PV = $50,000 to purchase a new home for n = 25 years at an interest rate of r = 14.25%. Since she is making the payment monthly, t = 12.
Her monthly payment is given by:
Therefore, her monthly payment is about $611.50
</span>