Answer:
c = 1.05p
Step-by-step explanation:
the price of the hat before the increase was 100%, after the increase it becomes 100 + 5% = 105%. Representing it as a decimal becomes 1.05p
Let illustrate with an example.
The price of a hat was $100, after the 5% increase. the cost of the hat becomes
100 + (0.05 x 100) = 105
To find the percentage increase
divide 105 by 100 and subtract 1
(105/100) - 1 = 1.05
No they aren’t congruent, both of their measurements are completely different
The segment is 13 units long.
Answer:
$25,193.17
Explanation:
Given:
• Principal Felipe borrowed, P=$8000
,
• Annual Interest Rate, r=16.5%=0.165
,
• Compounding Period, k=12 (Monthly)
,
• Time, t=7 years
We want to determine how much he will owe after 7 years.
In order to carry out this calculation, use the compound interest formula below:

Substitute the values defined above:

Finally, simplify and round to the nearest cent.

After 7 years, Felipe will owe $25,193.17.