Answer:
t =
Step-by-step explanation:
since t varies inversely with v then the equation relating them is
t = ← k is the constant of variation
to find k use the given condition n = 7, t = 1.5 then
k = vt = 7 × 1.5 = 10.5
t = ← is the equation
Determine whether the following value could be a probability. 0.56
1 answer:
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Answer:
Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal ×
or, A = 50,000 ×
or, A = 50,000 ×
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $ = $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer