Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
Answer:
Option D. A number line with an open circle on 4 with shading to the right and a closed circle on 10 with shading to the left
Step-by-step explanation:
we have
Divide the compound inequality into two inequalities
-----> inequality A
Multiply by -1 both sides
Divide by 5 both sides
The solution of inequality A is the interval ----> (-∞,10]
All real numbers less than or equal to 10
-----> inequality B
Multiply by -1 both sides
Divide by 5 both sides
Rewrite
The solution of the inequality B is the interval ----> (4,∞)
All real numbers greater than 4
The solution of the compound inequality is
(-∞,10] ∩ (4,∞)= (4,10]
All real numbers greater than 4 and less than or equal to 10
A number line with an open circle on 4 with shading to the right and a closed circle on 10 with shading to the left