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disa [49]
2 years ago
7

Valuate 2y when y =​

Mathematics
1 answer:
PtichkaEL [24]2 years ago
6 0

Step-by-step explanation:

Please what is the value of y

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B(-4, 5)

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2 years ago
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Ricky is taking out a personal loan for $12,000 to remodel his kitchen. He would like the lowest monthly payment possible, even
SSSSS [86.1K]

Let me help you, but first I will explain the formula used to calculate monthly compound interest.

The formula used to calculate compound monthly compound interest is

a=p(1+r/n)^nt

P Represents the principal

R Represents the rate (in decimal)

N is basically 12 months

T Represents the time (in years)

Let's plug the numbers in.

First statement

"His bank has offered him a loan at 13% interest for 36 months"

12000(1+.13/12)^(12)(3)

12000(1+.13/12)^(12)(3) = $17,686.64

Second statement

"12% interest for 60 months"

Plug in the numbers into the formula.

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<u>Answer</u>

The answer would be "13% interest for 36 months" as it is much lower compared to the other statement.

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3 years ago
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