Answer:
The loan amount after 3 years is $ 5,196.88
Step-by-step explanation:
Given as :
The principal amount for room loan = $ 3,800
The rate of interest applied = 11% compounded annually
The time period of loan = 3 years
Let The Total loan amount = $ A
Now,<u> From Compounded method :</u>
Amount = Principal ×
or, A = $ 3,800 ×
or, A = $ 3,800 × (1.11)³
or, A = $ 3,800 × 1.3676
∴ A = $ 5,196.88
So, Amount after 3 years = A = $ 5,196.88
Hence The loan amount after 3 years is $ 5,196.88 Answer
Answer:
The inequality to represent the situation is and the team must sell at least
"Jaguar Cards".
Step-by-step explanation:
Given: The ADMHS football team is trying to raise money to buy new equipment so the players are selling "Jaguar Cards" for each.
If the football team needs to raise at least for equipment.
To find: The inequality to represent the situation and the least number of "Jaguar Cards" the team must sell.
Solution:
Let the ADMHS football team sold "Jaguar Cards" for
each.
Now, the football team needs to raise at least for equipment.
So, the inequality to represent the situation is .
Now, on solving we get,
Hence, the inequality to represent the situation is and the team must sell at least
"Jaguar Cards".