First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
Answer:
4.67
Step-by-step explanation:
0.25 + 0.50 + 0.75 + 1.25 + 1.875 = 4.675
Answer:
Step-by-step explanation:
step 1
Find the volume of the cylinder
The volume of the cylinder is equal to
we have
---> the radius is half the diameter
substitute
step 2
Find the volume of the cone
The volume of the cone is equal to
we have
we have
---> the radius is the same that the radius of the cylinder
substitute
step 3
Find the volume of the plastic object
we know that
The volume of the plastic object is equal to the volume of the cylinder minus the volume of the cone
so
assume
Answer:
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Step-by-step explanation:
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