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ruslelena [56]
1 year ago
8

Felipe borrowed $8000 at a rate of 16.5%, compounded monthly. Assuming he makes no payments, how much will he owe after 7 years?

Round your answer to the nearest cent
Mathematics
1 answer:
Gelneren [198K]1 year ago
3 0

Answer:

$25,193.17

Explanation:

Given:

• Principal Felipe borrowed, P=$8000

,

• Annual Interest Rate, r=16.5%=0.165

,

• Compounding Period, k=12 (Monthly)

,

• Time, t=7 years

We want to determine how much he will owe after 7 years.

In order to carry out this calculation, use the compound interest formula below:

A(t)=P\mleft(1+\frac{r}{k}\mright)^{tk}

Substitute the values defined above:

A(t)=8000\mleft(1+\frac{0.165}{12}\mright)^{12\times7}

Finally, simplify and round to the nearest cent.

\begin{gathered} A(t)=8000(1+0.01375)^{84} \\ =8000(1.01375)^{84} \\ =\$25,193.17 \end{gathered}

After 7 years, Felipe will owe $25,193.17.

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The number of hotdogs that must be sold to earn $170 is 70

What is the formula for total earnings?

The total earnings can be determined as the price per hotdog multiplied by the number of hotdogs sold, which is as shown below:

total earnings=price per hotdog*number of hotdogs

total earnings(initially)=$140

price per hotdog=P

number of hotdogs=56

$140=P*56

P=4140/56

P=$2.50

Now, we need to determine the number of hotdogs required to earn $175

$175=$2.50*X

X=$175/$2.50

X=$70

Find out more about total earnings on:https://brainly.in/question/14439292

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3 0
1 year ago
Do the attachment for points, and actually write the good answer
deff fn [24]

Answer:

0.75

Step-by-step explanation:

if you divide 100 by 4 you get 25 so 25 is 1/4 so 25 times 3 gets 0.75 out of 100

5 0
2 years ago
Find the measure of the angle formed between the base of the cone and a line segment that represents the slant height
wel

Since there are no figures given, I will give an example. 


You are given a silo that is shaped as a closed cylinder with a conical end. The diameter of the silo is 4 ft, the length of the cylindrical part is 6 ft, and the entire length of the silo is 10.5 ft. Suppose that you are asked to find the total volume of grains that can be stored in the silo.

Given:

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H = 6 ft

Cone part

H = 10.5 – 6 = 4.5ft

D = 4ft


Required:

Volume of silo


Solution:
V of cylinder = πr²H

V of cylinder = π(4/2)²(6)

V of cylinder = 75.4 ft³


V of cone = πr²H/3

V of cone = π(4/2)²(4.5/3)

V of cone = 18.85 ft³

Total volume = 94.25 ft³

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2 years ago
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Mazyrski [523]
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2 years ago
Trying to solve a exponential function question. Evaluate the function when t=5.
Gemiola [76]
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h(t)=175(1028)5
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h(t)=175(5140)
multiply 175 and 5140
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8 0
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