3 years ago

What is the answer for the picture that is linked below?

Mathematics

1 answer:

____ [38]3 years ago

3 0

Answer:

18%

Step-by-step explanation:

6840:38000*100 =

(6840*100):38000 =

684000:38000 = 18

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

Gelneren [198K]

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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1 year ago

Please help me! I will mark brainliest!

Elenna [48]

Answer:

Your picture didn't load?

Step-by-step explanation:

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3 years ago

Nezzie is shopping for items for her daycare because the store is having a sale where everything in the store is 10% off. Nezzie

Harman [31]

Soo 100.26-15% off = $85.25 and 59.99 you need to crank it up 1 so $60-10% off=$54 last add $85.25+$54=$129.25

So no she is not right

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3 years ago

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I need help and ty for helping

Ksivusya [100]

She can make 8

48/6=8
32/4=8

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2 years ago

Find the future value of $3633.49 invested for 2 years at 4% compounded monthly?

SSSSS [86.1K]

Answer:

$290.68

Step-by-step explanation:

$3633.49 times 2 times 4% = $290.68

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2 years ago