Answer:
44.04 bucks
Step-by-step explanation:
14.68 times 3 because 1 plus 2 is 3 friends. And 14.68 is how much they EACH paid.
The fifth term of the geometric sequence would be 0.972
Answer:
Package A
Step-by-step explanation:
Hello there!
The reason that package A is a better deal is beacause it goes down by a fixed rate, not by a percentage. If you get 15 carwashes, you will pay nothing for the 15th, but even if you washed your car 100 times with Package B, you would still pay something!
Have a great day!
Answer:
$35,000
Step-by-step explanation:
The amount that would be repaid = amount borrowed + interest earned on loan
interest earned on deposit can be determined by determining the simple interest
Simple interest = principal x time x interest rate
principal = the amount deposited = 20,000
Time = the duration of the deposit =5
interest rate = the percentage on deposit that would be earned = 15
20,000 x 5 x 0.15 = $15,000
total = 20,000 + 15,000 = $35,000
Answer:
C. a higher monthly payment.
Step-by-step explanation:
<h3>Answer options:</h3>
Rate adjustment resulted in
<u>A. a lower interest rate.
</u>
- No, interest rate increased from 0.4 to 0.5 percent
<u>B. a higher principal.
</u>
- No, principal decreased from $200000 to $187000
<u>C. a higher monthly payment.
</u>
- Yes, monthly payment increased from $1059.85 to $1162.56
<u>D. a higher number of payments.</u>
- No, number of payments remained as 336