Enrichment Activity 1Complete the table below by finding the unknown principal P, rate r, time t, andinterest /.Principal P(a)480,000250,000980,000Rate rTime tInterest/9,000180,00068,750(d)6%10(b)5.5%0.8%15(c)3.5Enrichment Activity 2Solve the following problems.a.) Find the interest and maturity value of a loan for Php 120,00 at 4.5%simple interest for 2 years.b.)the Bank for 8 years that pays 0.3% simple interest.c.) What is the interest rate per annum of a Php 30,000 for 3 years thataccumulate to Php 48,000?How much will be the money of Mr. K ho if he will deposit Php 600,000 ind.) If Mrs. Ong wants to have Php 500,000 in 5 years with simple interest of3.5%. How much should Mrs. Ong invest?

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Answered: Complete the table below by finding the…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Straight-line DepreciationBook value is the value of an asset that a company uses to create its balance sheet.Some companies depreciate their assets using straight-line depreciation so that thevalue of the asset declines by a fixed amount each year. The amount of the declinedepends on the useful life that the company assigns to the asset. Suppose that acompany just purchased a fleet of new cars for its sales force at a cost of $31,500 percar. The company chooses to depreciate each vehicle using the straight-line methodover 7 years. This means that each car will depreciate by +31,500 7 = +4500 per year.(a) Write a linear function that expresses the book value V of each car as a functionof its age, x.(b) Graph the linear function.(c) What is the book value of each car after 3 years?(d) Interpret the slope.(e) When will the book value of each car be $9000?[Hint: Solve the equation V1x2 = 9000.]
The principal P is borrowed at a simple interest rate r for a period of time t. Find the loans future value A, or the total amount due ay time t. P= $7000 , r= 4.0%, t= 4 months
First off this might not be the right subject but this class is under computer science at my school and this question was asked the class is discrete mathematics A person borrows $3,000 on a bank credit card at a nominalrate of 18% per year, which is actually charged at a rate of1.5% per month.a. Assume that the person does not place any additionalcharges on the card and pays the bank $150 eachmonth to pay off the loan. Let Bn be the balance owedon the card after n months. Find an explicit formulafor Bn .b. What is the total amount of money the person will havepaid for the loan? This is for my discrete mathematics class I think I have defined the correct recursive function for this being f(n) = f(n-1)(1.015) -150 my issue is making this be an explicit formula
A principal amount of 6,000 will be placed in a savings account. A simple interest account earns an annual percentage of 6.8%, while a compund interest account has an APR of 3.7% compunded quartely. Which account has a larger balance after 20 years?
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Complete the table below by finding the unknown principal P, rate r, time t, and interest /. Principal P (a) 480,000 250,000 980,000 Rate r Time t Interest/ 9,000 180,000 68,750 (d) 6% 10 15 (b) 5.5% 0.8% (c) 3.5