Someone please help with the picture shown!!
2 answers:
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Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
Answer:
Step-by-step explanation:
Let
y --->Mala's age
x---> sister's age
we know that
---> equation A
so
The sum of ages of the sisters is
substitute equation A in the expression of the sum of ages
simplify