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Mathematics 23 Online
OpenStudy (anonymous):

I have a math question about loans!

OpenStudy (anonymous):

http://gyazo.com/8c3a0ee0381374b4b5f8562115620db2 ^^ QUESTION IN LINK :)

OpenStudy (theyankee):

I think the entire interest paid would be 27, 200.

OpenStudy (anonymous):

the correct answer was 73,000

OpenStudy (anonymous):

:c

OpenStudy (theyankee):

Omg!!! I'm so sorry....Guess I'm a little rusty with accounting :( :( :(

OpenStudy (anonymous):

its okay i have a diffrent type of question maybe you can help?

OpenStudy (theyankee):

Let's see it :)

OpenStudy (anonymous):

http://gyazo.com/217e533462b7ae3b46396007833e4ecb

OpenStudy (anonymous):

i posted the link above

OpenStudy (theyankee):

Just a sec.

Nnesha (nnesha):

\[\huge\rm A = P (1+\frac{r}{n})^{nt}\] use this equation where t= time r= rate (first change percent to decimal ) p= initial amount n= number of time/year

Nnesha (nnesha):

for 2nd one key work is "decreases" so it would be (1-r/n)

OpenStudy (anonymous):

so the same equation just minus it ?

OpenStudy (theyankee):

I consulted other folks and they told me this. Area = 4000 km^2 * (1−0.0725)^11 = 1747.89 km^2

Nnesha (nnesha):

\(\color{blue}{\text{Originally Posted by}}\) @laurenbaybiee so the same equation just minus it ? \(\color{blue}{\text{End of Quote}}\) yes minus instead of positive

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