Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the amount of money borrowed
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
You are told to ignore the amount of principal paid, so you are apparently to assume the loan amount was for $50 thousand.
a) The old monthly payment was $10.67×50 = $533.50
b) The new monthly payment is $11.72×50 = $586.00
c) The increase in monthly payment is figured in the usual way:
... (new/old -1)×100% = (1.0984-1)×100% = 9.84%
_____
In reality, about 3% of the loan will have been paid at the end of 2 years. Thus, the original loan amount may have been near $51,500. This problem is telling you to ignore the difference.
I don’t understand the question
Answer:
4
Step-by-step explanation:
The perimeter of each square window is 4 times the length of one side, so is 20 feet.
80 feet can be divided into 80/20 = 4 sections of 20 feet each.
Shelly has enough lights to surround 4 windows.
