Is there anything else to this question
Answer:
15000(1.003425)^12t ;
4.11%
4.188%
Step-by-step explanation:
Given that:
Loan amount = principal = $15000
Interest rate, r = 4.11% = 0.0411
n = number of times compounded per period, monthly = 12 (number of months in a year)
Total amount, F owed, after t years in college ;
F(t) = P(1 + r/n)^nt
F(t) = 15000(1 + 0.0411/12)^12t
F(t) = 15000(1.003425)^12t
2.) The annual percentage rate is the interest rate without compounding = 4.11%
3.)
The APY
APY = (1 + APR/n)^n - 1
APY = (1 + 0.0411/12)^12 - 1
APY = (1.003425)^12 - 1
APY = 1.04188 - 1
APY = 0.04188
APY = 0.04188 * 100% = 4.188%
Answer:
1 1/8
Step-by-step explanation:
There is one whole with one left over
Since both equal y
x-1=y=2x+1
x-1=2x+1
minus x both sides
-1=x+1
minus 1 both sides
-2=x
value of x is -2
Answer: Tyrone has 28 mystery novels.
Step-by-step explanation:
Divide 42 by 3 to get 1/3 of the books he has.
42/3 = 14
14 * 2 = 28
28 = 2/3 of his books