From the information given, she owes her parents a total of $1854.
She will take a period of 18 months to repay the whole loan.
We first find out the how much is each installment per month.
We divide the whole amount by 18 months so 1854/18 = $103
If she pays 103 dollars per month, then at one year (12 months) she would have paid: 103 × 12 = 1,236 dollars.
She would owe 1854 - 1236 = 618
There she would still be owing her parents $ 618 after one year.
$1,850 is the correct answer. When you divide the interest ($37) by the time in years (0.5) and the interest rate (0.04), you get the correct amount of principal.
That's straight from the source. I feel so bad that your question didn't get answered. It's legit been two years
Answer:
n ≥ 12.5 weeks
Step-by-step explanation:
Weekly savings = at least $16
n = number of weeks
At least in inequality means ≥
16n ≥ 200
n ≥ 200/16
n ≥ 12.5 weeks
12.5 weeks until she has saved $200
Y=2.5 if your solving for y
<span>2(P+1)+3(P+2) > 2
Start by distributing.....
2p + 2 + 3p + 6 > 2
Combine like terms........
5p + 8 > 2
Subtract both sides by 8
5p > - 6
Divide both sides by 5
p > - 6/5 is the answer
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