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meriva
2 years ago
13

Jane takes out a loan for $100,000.00 over 10 years

Mathematics
1 answer:
Aneli [31]2 years ago
5 0
<h2>Answer:</h2>

$1799.10

<h2>Step-by-step explanation:</h2>

Each year, the amount of money in the account is increased by 8%. This is the same as multiplying by 1.08 each year.

For 10 years, you multiply the original $100,000 by 1.08 a total of 10 times.

This tends to be simplified to:

100,000 * 1.08^{10}

This gives $215892.4997.

This is paid back over 10 years, which is 10 x 12 months, or 120 months.

Divide the $215892.4997 by 120 to get the monthly payment of:

$1799.10 (round to 2 decimal places as it is a currency)

You might be interested in
What are the three types of systems of linear equations and how are the different?
Shkiper50 [21]

Answer:

Consistent/Independent, Inconsistent, Dependent

Step-by-step explanation:

<u>Consistent/Independent:</u>

Where there's only one unique solution

<u>Inconsistent</u>

Where there is no solution

<u>Dependent</u>

Where the solution is dependent

5 0
3 years ago
Find all the square roots of x2 ≡ 53 (mod 77)
Nikolay [14]

Answer:

x=\pm\sqrt{77n+53}

Step-by-step explanation:

We have been given an equivalence equation x^2\equiv 53\text{ (mod } 77). We are asked to find all the square root of the given equivalence equation.

Upon converting our given equivalence equation into an equation, we will get:

x^2-53=77n

Add 53 on both sides:

x^2-53+53=77n+53

x^2=77n+53

Take square root of both sides:

x=\pm\sqrt{77n+53}

Therefore, the square root for our given equation would be x=\pm\sqrt{77n+53}.

3 0
3 years ago
Solve for x, worth 10 points
Anton [14]

Answer: x=22

Step-by-step explanation:

Since the angles are corresponding angles, use x+14=5x-74. You get 36=36 meaning it is right when you substitute the value for x.

x+14=5x-74

-x on both sides

14=4x-74

+74 on both sides

88=4x

Divide both sides by 4

x=22

8 0
3 years ago
How much does 60% out of 100
Salsk061 [2.6K]

Answer:

60

Step-by-step explanation:

Given: 60% out of 100

Expressed mathematically:

= (60/100) x 100

= 60

3 0
3 years ago
What is the missing numerator of 4/9= ?/81
yKpoI14uk [10]
To solve this question, first cross multiply
Let ? = x

4/9 = x/81

4(81) = 9(x)

Simplify.

81 x 4 = 324

324 = 9x

Isolate the x, divide 9 from both sides

324/9 = 9x/9

x = 324/9

x = 36


4/9 = 36/81

36 is your answer

hope this helps!
4 0
3 years ago
Read 2 more answers
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