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Blababa [14]
3 years ago
6

You owe $10,000 on a car loan. The bank charges a compound interest rate of 9.5% per year. If you don't make any payments on the

loan, how much will you owe after 3 years? Round your answer to the nearest whole cent.
Mathematics
1 answer:
kipiarov [429]3 years ago
7 0
Ya

compound interest
A=P(1+r)^t
A=amount final
P=principal
r=rate in decimal
t=time in yers

so

interest is 9.5% or 0.095
principal is 10000
time is 3 years
A=10000(1+0.095)^3
A=10000(1.095)^3
A=13129.323
rounded
he owes $13129.32
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To maximize profit, the amount of each type of coffees made are;

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The given parameters are;

The number of espresso in a regular latte = 1 shot

The number of cups of 2% milk in regular latte = 1 cup

The amount of whipped cream in a regular latte = 0.5 cup

The number of cups of skim milk in the low-fat latte = 1.25 cup

The number of espresso in a low-fat latte = 1 shot

The amount of whipped cream in a low-fat latte = 0 cup

The number of cups of espresso in the journey = 100 shots

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The amount of profit the airline makes on each regular latte = $1.58

The amount of profit the airline makes on each low-fat latte = $1.65

Let 'x' represent the number regular lattes made and let 'y' represent the number low-fat lattes made, we have;

x ≤ 30/0.5 = 60

x ≤ 60

y ≤ 60

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x + y ≤ 100

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The ideal mix of regular and low-fat lattes to maximize profit is 52 cups of regular latte and 48 cups of low-fat latte

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