Carlos wants to have an average of
1 answer:
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Answer:
The total payment Janie have to make is $5466 .
Step-by-step explanation:
Given as :
The loan principal = $4850
The rate of interest applied = 13.8% compounded monthly
Let The time period of loan = t years
The monthly payment she make = $455.50 each month
I.e She make payment for t years = $455.50 × n
where n is the number of terms
<u>From Compound Interest</u>
Amount = Principal ×
Or, $455.50 × n = $4850 ×
Or, × n =
Or, 0.0939 × n =
Or, 0.0939 × n = 1.14707
∴ n =
I.e n = 12.21 ≈ 12
So, The number of terms Janie she will pay = 12
So, The total payment she have to make = $455.50 × 12 = $5466
Hence The total payment Janie have to make is $5466 . Answer
Answer:
the amount invested at 1% = $4100
the amount invested at 9% = $2600
Step-by-step explanation:
Hello
let
A=amount invested at 1%
B=amount invested at 9%
the total amount invested is % 6700, so
A+B=6700 (1)
the profits generated by A= (c)
the profits generated by B=(d)
the total profit is $275,so
the amount invested at 1% = $4100
the amount invested at 9% = $2600
I hope it helps