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1 year ago

Please answer the question in the picture

Mathematics

1 answer:

lorasvet [3.4K]1 year ago

5 0

A loan of $50,000 is taken out for six years at 9% interest compounded annually. If the loan is paid off in full at the end of that time period, $50433 must be returned.

<h3>What is Compound interest?</h3>

Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate multiplied by the number of compound periods multiplied by one.

Compound interest is when you earn interest on both your savings and your interest earnings. When you compound interest, you add the interest you've earned back into your principal balance, which earns you even more interest, compounding your returns.

Assume you have $1,000 in a savings account earning 5% interest per year. You'd earn $50 in year one, giving you a new balance of $1,050. Compound interest occurs when interest earned on savings begins to earn interest on itself.

To learn more about Compound interest, refer to:

brainly.com/question/24924853

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Read 2 more answers

An employee at a department store is stocking cell phone cases. He has a box of 80 cases. Among the 80 cases, 40 are black, 10 a

Salsk061 [2.6K]

Answer:

$\sf \dfrac{203}{4108}$

As a decimal = 0.05 (nearest hundredth)

Step-by-step explanation:

$\sf Probability \ of \ an \ event \ occurring = \dfrac{Number \ of \ ways \ it \ can \ occur}{Total \ number \ of \ possible \ outcomes}$

First pick:

$\sf \implies P(pink)=\dfrac{30}{80}$

As the case is NOT replaced, second pick:

$\sf \implies P(pink)=\dfrac{30-1}{80-1}=\dfrac{29}{79}$

As the case is NOT replaced, third pick:

$\sf \implies P(pink)=\dfrac{29-1}{79-1}=\dfrac{28}{78}$

Therefore,

$\sf \implies P(pink \ and \ pink \ and \ pink)=\dfrac{30}{80} \times \dfrac{29}{79} \times \dfrac{28}{78}=\dfrac{203}{4108}$

Answer as a decimal = 0.05 (nearest hundredth)

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2 years ago

10.045+2.673+105.95 to the nearest whole number and then estimate the sum

horsena [70]

Answer:

119

Step-by-step explanation:

The nearest whole numbers from those listed are

106

The estimated sum = 119

The actual sum is 118.668

When you are doing a test, being able to estimate is a very powerful skill. 119 is close enough to the actual answer that you know your actual answer is likely correct.

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3 years ago

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Debora [2.8K]

Answer:

Choice 2

Step-by-step explanation:

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3 years ago