1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jonny [76]
3 years ago
14

If you borrow $894 for four years at an interest rate of 3%, how much interest will you pay?

Mathematics
1 answer:
Studentka2010 [4]3 years ago
3 0

Answer:

$1006.20

Step-by-step explanation:

This is an example of compound interest.

To work this out you would first have to convert the percentage into a decimal, you can do this by dividing 3 by 100, which gives you 0.03. You are dividing by 100 as percentages are out of 100. Then you would add 1 to 0.03, which gives you 1.03. This is because you are finding percentage increases. Then you would multiply 894 by 1.03 to the power of 4, which gives you 1006.20. This is because you are finding 3 percent and adding it on and then finding 3 percent of that, this is why we put it to the power of how much time.

1) Divide 3 by 100.

3/100=0.03

2) Add 1 to 0.03.

0.03+1=1.03

3) Multiply 894 by 1.03 to the power of 4.

894*1.03^{4}=1006.20

You might be interested in
Please help i really need it
Naya [18.7K]

Answer:

Oliver's living expenses- 520(.1)=$52

3 0
3 years ago
I need your help please I don’t understand this
Step2247 [10]
The answer is y = -5/7x + 4/7! The first step is to subtract the 5x so it’s on the other side of the equal sign. So now the equation is 7y = -5x + 4. Then divide each of them for 7
3 0
3 years ago
Read 2 more answers
I really need this answer
HACTEHA [7]

Answer:

A is the answer.

Step-by-step explanation:

What you do is you multiply -6 into each of the fractions and then add or minus the fractions together.

-6(1/4x)=-3/2x

-6(-2/3x)=4x

-6(5/6x)=-5x

-3/4x+4x-5x=-2.5 or A.

4 0
3 years ago
Read 2 more answers
2-5=x/1.2<br>(please solve this)​
Leni [432]

Step-by-step explanation:

x=3.6

semoga bermanfaat

meet belajar skuy

6 0
3 years ago
Can u please solve this question?
Lapatulllka [165]

Answer:

It is TRUE for all Real numbers, i.e. [x] = ]x+1[ for all x∈R.

Step-by-step explanation:

Let's write given statement as [ x ]  = ] x+1 [

where [ x ] step function means next integer greater than or equal to x,

and ] y [ means last integer less than or equal to y.

Let's take an example of x = 2.5

So  [ 2.5 ] = 3.

and ] 2.5 + 1 [ = ] 3.5 [ = 3.

Similarly, we can take any example of Real numbers like 3.7, 4.2, 5.6, 8.9 etc.

It is TRUE for all Real numbers, i.e. [x] = ]x+1[ for all x∈R.

3 0
3 years ago
Other questions:
  • Write the standard equation of a circle that passes through (−2, 10) with center (−2, 6).
    11·2 answers
  • In 1 week there are 7 days how many weeks in 210 days
    11·2 answers
  • M m find the value of x
    9·1 answer
  • A fish descends at a rate of 18 inches per second. What is the depth of the fish after 12 seconds?
    15·2 answers
  • Whats the ratio of 32:40
    14·2 answers
  • 2x-10= -6<br> what is x i need help fast
    9·1 answer
  • A student on the cross- county team runs 30 minutes a day as a part of her training. Write an equation to describe the relations
    15·1 answer
  • Find the quotient of these complex numbers. (3 + 3i) / (5 + 4i) =<br> Plz help
    5·2 answers
  • Please answer for both lateral and total :)
    9·2 answers
  • a garden is in the shape of a square with a perimeter of 60 feet. the garden is surrounded by two fences. one fence is around th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!