Answer:
0.70275
Step-by-step explanation:
Data provided in the question:
4e²ˣ⁻¹ -1 = 5
now solving for 'x'
⇒ 4e²ˣ⁻¹ = 5 + 1
or
⇒ 4e²ˣ⁻¹ = 6
or
⇒
or
⇒
now,
taking natural log both sides, we get
⇒ 2x - 1 =
also,
we know
⇒
thus,
⇒ 2x - 1 = ln(3) - ln(2)
or
⇒ 2x - 1 = 1.0986 - 0.6931
or
⇒ 2x - 1 = 0.4055
or
⇒ 2x = 0.4055 + 1
or
⇒ 2x = 1.4055
or
⇒ x = 0.70275
Answer:
160
Step-by-step explanation:
Muliply both sides by 20/3 to get e=20/3*24=160
Answer:
y = 90
Step-by-step explanation:
You can use proportions to answer this question.
Cross multiply 30 to -9; -3 to y
Isolate <em>y</em> by dividing -3 on both sides
Since there are 120 payments in total
Then the total
interest paid is $ 9,118.32
The monthly interest = $ 9,118.32 / 120
The monthly interest = $ 75.99 per month
% total interest = ( $ 9,118.32/ 29,118.32) x 100
% total interest = 31.31 %