Answer:15m on each side
Step-by-step explanation:
Answer:
x = -45, y = -40
Step-by-step explanation:
Based on the first clue, we find out that
x + 5 = y
5x = 6y + 15
We can re-write the first equation to x = y - 5.
Therefore, the second equation can also be written as 5(y - 5) = 6y + 15
This can be simplified to 5y - 25 = 6y + 15
We can subtract 6y from each side, and add 25 to each side;
5y - 6y = 15 + 25
Therefore, -y = 40
Therefore y = -40.
Now let's plug this back into the original equation, to get : x + 5 = -40
x=-45
First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15
