Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: 
× 
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e 
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
Answer:
The geometric mean growth rate of sales is 1.4422.
Step-by-step explanation:
We have two sales values, one from 6 years ago and the other from now.
We have to calculate the geometric growth rate of sales.
We have:
We can write the relation between these two values as:
The geometric mean growth rate of sales is 1.4422.
1) find the perfect square closest to the number
2) take that square root, and then divide your number by that number
3) take the average of the perfect square root (the whole number) and the result of dividing your original number by that root.
Example: Approximate square root of 27
Closest perfect square: 25
Square root: 5
27 ÷ 5 = 5.4
Average between 5 and 5.4 = 5.20
5.2² = 27.04. Fast and not a bad approximation!
I do not understand your question please explain further for me to answer
Answer:
6 cm
Step-by-step explanation:
If the linear scale factor of two solids is k, then the volume scale factor is k^3.
The volume scale factor is 128/54 = 64/27 = (4/3)^3.
The linear scale factor is 4/3.
4.5 cm * 4/3 = 6 cm
Answer: The height of the larger container is 6 cm.
