Al needs to borrow $15,000 to buy a car. He can borrow the money at 6.7 % simple interest for 5 yr or he can borrow at 6.4 % interest compounded continuously for 5 yr. a. How much total interest would A1 pay at 6.7 % simple interest? b. How much total interest would A1 pay at 6.4 % interest compounded continuously? c. Which option results is less total interest?
Al needs to borrow $15,000 to buy a car. He can borrow the money at 6.7 % simple interest for 5 yr or he can borrow at 6.4 % interest compounded continuously for 5 yr. a. How much total interest would A1 pay at 6.7 % simple interest? b. How much total interest would A1 pay at 6.4 % interest compounded continuously? c. Which option results is less total interest?
Solution Summary: The author explains how to calculate the compound interest for the principle amount 15000 at an interest rate of 6.8.
Al needs to borrow
$15,000
to buy a car. He can borrow the money at
6.7
%
simple interest for 5 yr or he can borrow at
6.4
%
interest compounded continuously for 5 yr.
a. How much total interest would A1 pay at
6.7
%
simple interest?
b. How much total interest would A1 pay at
6.4
%
interest compounded continuously?
I need help making sure that I explain this part accutartly.
Please help me with this question as I want to know how can I perform the partial fraction decompostion on this alebgric equation to find the time-domain of y(t)
Please help me with this question as I want to know how can I perform the partial fraction on this alebgric equation to find the time-domain of y(t)
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