We are given
P = <span>$1,945.61
r = 11.2%
Amin = $156
A = $300
First, we convert the interest to effective monthly terms
i = 11.2%/12 = 0.933%
After one month, the interest saved by paying more than the minimum is
</span>(0.00933) (300 - 156) = $1.35
Answer:
Choice D is correct answer.
Step-by-step explanation:
We have given two function.
f(x) =2ˣ+5x and g(x) = 3x-5
We have to find the addition of given two function.
(f+g)(x) = ?
The formula to find the addition, we have
(f+g)(x) = f(x) + g(x)
Putting given values in above formula, we have
(f+g)(x) = (2ˣ+5x)+(3x-5)
(f+g)(x) = 2ˣ+5x+3x-5
Adding like terms, we have
(f+g)(x) = 2ˣ+8x-5 which is the answer.
Answer:
<em>The simple interest is $11,212.5 and the equation to determine Josh's simple interest is I = PRT/100</em>
Step-by-step explanation:
The formula for calculating simple interest is expressed as;
SI = Principal * rate * time/100
SI = 50,000 * 6.9*39/100*12
SI = 500*6.9*39/12
SI = 134,550/12
SI = 11,212.5
<em>Hence the simple interest is $11,212.5 and the equation to determine Josh's simple interest is I = PRT/100</em>
P is the amount borrowed
R is the interest rate
T is the time in years
Step-by-step explanation:
