Answer:
$554.58
Step-by-step explanation:
The interest on the loan can be computed by first determining the future value of the loan in three years as follows:
FV=PV*(1+r)^n
PV is the amount of the loan which is $2,000
r is the interest rate which is 8.5%
n is the number of years which is 3 years
FV=$2000*(1+8.5%)^3=$ 2,554.58
Since the value of the loan in three years is $ 2,554.58 ,the interest on the loan is the difference between the future value and the present value
interest=$ 2,554.58-$2,000.00=$554.58
Answer: y = 4 - 3x/8
Step-by-step explanation: Subtract 3x from both sides of the equation and then divide by 8.
Answer:
30% = -0.1
Step-by-step explanation:
F
(
n
)
=
87 That’s Standard form
