Answer:
9 years = .000000706$
Step-by-step explanation:
convert 7% to decimal 0 .07
17,500 x .07 = 1,225
1 year 1,225
2 year 85.75
3 year 6.0
4 year .42
5 year .029
6 year .002
7 year .000144
8 year .000010088
9 years = .000000706$
Answer:
sorry I forgot try googling it
The present value of the loan will be = R36,250
<h3>Calculation of the present value</h3>
The principal capital (P) = R25 000
Interest rate for the payment (R)= 7.5%
Time for the payment (T)= 6 years
Therefore simple interest = P×T×R/100
= 25,000×6×7.5/100
= 250×6×7.5
= R11,250
The present value of the loan will be;
= 25,000 + 11,250
= R36,250
Learn more about simple interest here:
brainly.com/question/20690803
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$7200.. you would find out what 3.5% of $6000 (210) is and then multiply it by 6 (1200) and then add it to the original $6000
1.7*(x2+9)0.5+(10-x)=min
Also, the 2 is an exponent.
