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gizmo_the_mogwai [7]
2 years ago
10

5m+72=−2m+52 A -1 B -1/7 C 6/7 D 7

Mathematics
1 answer:
shtirl [24]2 years ago
5 0
<span>First we add 2m to both sides, leaving 7m + 72 = 52 (since -2m + 2m cancels out). Next, we subtract 72 from both sides, bringing us to 7m = -20. Solving for m, we get -20/7. Since this is not one of the listed options, it is possible that the original poster has made a typographical error.</span>
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Read 2 more answers
Samantha is looking to determine the amount of interest that she will pay on her 4.7% , $40,000 loan over its 15 -year term. The
AysviL [449]

Answer:

The total amount of interest Samantha will pay=$40,842.47

Step-by-step explanation:

Step 1: Determine expression of total interest amount to be payed

The expression for the total interest amount to be payed inclusive of interest is given by;

A=P(1+r/n)^(nt)-P

where;

A=total amount of interest to be payed

P=principal loan amount

r=annual interest rate

n=number of compounding periods in a year

t=number of years

In our case;

P=$40,000

r=4.7%=4.7/100=0.047

n=12

t=15 years

replacing;

A=40,000(1+0.047/12)^(12×15)-40,000

A=40,000(1.00392)^180-40,000

A=40,842.46821

The amount rounded of to the nearest cents=1/100=0.01, round off to the nearest 2 decimal places=40,842.47

The total amount of interest Samantha will pay=$40,842.47

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