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Nimfa-mama [501]
3 years ago
15

If you take out a $8,000 loan for a period of 6 months at an 8% interest rate, what will your outstanding balance be after two m

onthly payments? Round your answer to the nearest cent as necessary and do not include the dollar sign.
Mathematics
2 answers:
AysviL [449]3 years ago
8 0

Answer:

5,368.68

Step-by-step explanation:

the other answer was wrong this one correct

maksim [4K]3 years ago
4 0

Answer:

Outstanding balance after two months payments  = 7893.33

Step-by-step explanation:

Interest accrued every month = I = PRT/100

P = 8000

R = 8%

T = 6

I = (8000 x 8 x 6) ÷ 100 = 3840

Amount paid every month = (8000 + 3840) ÷ 6 = 1973.33

Hence amount paid after two months = 2 x 1973.33 = 3946.67

Outstanding balance after two months payments = 8000 +3840 - 3946.67 = 7893.33

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I believe it’s 3.5 but I could totally be wrong I’m not much help at all
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2 years ago
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77julia77 [94]

Answer:

2934.46692

Step-by-step explanation:

if you need to round it,

hundrenths: 2,934.47

tenths: 2,934.5

Thousandths: 2,934.467

Hope this helps!

3 0
3 years ago
Look at the graph and choose the correct answer.
RideAnS [48]
So it’s -3 and the second one is +4
4 0
3 years ago
Solve the system of equations 4x+5y=-1 and -5x-8y=10 by combining the equations.
Flura [38]

The solutions to the given system of equations are x = 6 and y = -5

<h3>Simultaneous linear equations</h3>

From the question, we are to solve the given system of equations

The given system of equation is

4x+5y=-1

-5x-8y=10

Multiply the <u>first equation</u> by 5 and the <u>second equation</u> by 4

5× (4x+5y=-1)

4× (-5x-8y=10)

20x + 25y = -5

-20x - 32y = 40

------------------------

0x + (-7y) = 35

-7y = 35

y = 35/-7

y = -5

Substitute the value of y into the first equation to find x

4x + 5y = -1

4x + 5(-5) = -1

4x -25 = -1

4x = -1 +25

4x = 24

x = 24/4

x = 6

Hence, the solutions to the given system of equations are x = 6 and y = -5

Learn more on Simultaneous linear equation here: brainly.com/question/12647791

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3 0
1 year ago
acme lumber purchased 13.145 pine wood and 16.903 cedar wood to sell in the store. after 6 months they had sold7.589 pounds of l
11111nata11111 [884]

Answer:

22.459 pounds of wood

Step-by-step explanation:

Total amount of wood in store = amount of pine wood purchased + amount of cedar in the store

Total amount of wood in store = 13.145 pine wood + 16.903 cedar wood

Total amount of wood in store = 30.048 pounds of wood

If acme lumber had sold 7.589 pounds of lumber after 6 months, the amount of pounds of woods that the company have left to sell = Total amount in store initially - amount sold after 6 months

Amount of pounds of woods that the company have left to sell  = 30.048 - 7.589

The amount of pounds of woods that the company have left to sell  = 22.459 pounds of wood

4 0
3 years ago
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