Answer:
$1,519
Step-by-step explanation:
Given that :
Balance = principal = $520
Time (t) = 6 years
Annual. Interest rate (r) = 18% = 0.18
Using the compound interest formula:
A = P(1 + r/n)^nt
n = number of times interest is applied per period ; A = final amount
Since interest is compounded monthly, n = 12
A = 520(1 + 0.18/12)^(12 * 6)
A = 520(1 + 0.015)^72
A = 520(1.015)^72
A = 520(2.9211579)
A = 1519.0021
Hence, final amount = $1519
Liabilities are what someone owes and assets are what someone owns and is worth something. The house is an asset and the car loan is a liability. According to the numbers provided the assets have an increase of $6,000 with +10,000 from the house and -4,000 from the car. And liabilities had a decrease of $25,500 with a -$29,000 from mortgage and car loans and a +3,500 from the savings account and debt. So assets increase and liabilities decrease.
Answer:
c.) 7.5
Step-by-step explanation:
There is a part-to-whole relationship here.
2 customers : 8 minutes= ? customers : 30 minutes
<em>or...</em>
2/8=x/30
Cross multiply:
8x=60
Divided both sides by 8:
x=60/8=7.5
I hope this helps!
For the answer to the question above,
First, let's make the equation,
(1/6) + (1/x) = 1/(3/2) = (2/3) = (4/6)
then
1/x = (3/6) = (1/2)
so the answer would be
x = 2
It will take 2 hours take<span> your friend's pump to empty the pool when working alone? </span>
