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embersongracie
25.07.2019 •
Mathematics
The epa says the value of a human life is $7.6 million, measured from birth to death. if life expectancy is 78 years, what is the value of the remaining life of a 52-year old person?
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Ответ:
Set up a proportion to solve this:
7.6/78 = x/(78-52)
[7.6 million for 78 years; x million for 78-52 years remaining]
Cross multiply:
7.6(78-52) = x*78
7.6(26) = 78x
197.6 = 78x
Divide both sides by 78:
197.6/78 = 78x/78
2.53 = x
Ответ:
We start out finding the total amount he pays, including interest.
78.40/month * 12 months * 5 years = $4704
We take off the amount of principal:
4704-4200 = 504
This is the amount of interest he pays. Now we use the simple interest formula, I=prt:
504=4200(r)(5)
Multiply 4200 and 5:
504=21000r
Divide both sides by 21000:
504/21000 = 21000r/21000
0.024 = r
2.4% = r