What is the equation and the answer?
1 answer:
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Answer:
Renata has a home loan for $150,000 at 7.5% interest for 30 years and her payment is $987.00 per month.
I have solved this using excel sheet that is attached here.
p = $150000
r = 7.5%
t =
EMI = $987
You can see the excel sheet, after first month principle is $ 149,950.50 and after second month it is $149,900.69 .
Answer:
<em>The cost of a gallon of milk changed 31%</em>
Step-by-step explanation:
<u>Percent Change</u>
Is the difference between two values of the same variable in different times or conditions, expressed as a percentage of the original value.
The formula is:
Where
v1 = original value
v2 = final value
The gallon of milk cost v1=$2.90 in 2002 and v2=$3.80 in 2018. The percent change is:
Pc = 31%
The cost of a gallon of milk changed 31%