If you borrow $894 for four years at an interest rate of 3%, how much interest will you pay?
1 answer:
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.
2) Add 1 to 0.03.
3) Multiply 894 by 1.03 to the power of 4.
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Actually, the answer is not A, if you're saying A is the first choice above. That's incorrect. You will need to use the Geometric mean for right triangles here to figure out what the value of a is. We will use this form: 
. We have a value for YZ of 3; side a is XZ. That means in order to solve this we need WZ, which we can find using pythagorean's theorem. 3^2 + 4^2 = c^2 and 9 + 16 = c^2 and c = 5. Now we fill in accordingly: 
. Cross-multiply to get 3XZ=25 and side XZ is 
. XZ is 25/3 and YZ is 3, so 25/3 - 3 = XY. That means that XY (side a) = 16/3 or 5 1/3, choice B, or the second one down.
Answer:
x^2 +6 +(4/(x -2))
Step-by-step explanation:
Polynomial long division works for this. The operations are performed in much the same way as for numerical long division.
