In the following alphanumeric series, what letter comes next? V Q M J H
1 answer:
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Last year, Ronnie's utility expenses were = 1935.67 $
After switching to electric water heater to solar water heater, his yearly utility bills get reduced.
This year, Ronnie's utility expenses are = 862.40 $
So the difference on utility bills Ronnie saved =
so, difference Ronnie saved = 1073.27 $
So, the percentage of amount Ronnie saved =
Percentage of amount Ronnie saved = 55.45 %
Hence, 55.45 % Ronnie save on his utlility bills by switching to a solar water heater. : Answer
Hope it will help :)
Given:
Principal value = $12000
Rate of interest = 2.5%
To find:
Total amount after 15 years.
Solution:
Formula for amount discontinuously compounded interest is
where, P is principal, r is rate of interest and t is time in years.
Substitute P=12000, r=0.025 and t=15 in the above formula.
Therefore, the amount after 15 years is $17459.897.