With exponents of 10, the exponent really just tells you how many zeroes there are behind the 1. So, for example, 10^4=10000 (4 zeroes behind 1). When multiplying decimals by exponents of 10, you move the decimal to the right, and the amount of places is the exponent number. For example, if I multiply 5.34 by 10^2, I move the decimal over to the right 2 times and get 534.

So, if you just multiply these you get 9.36*10000, which is 93600.

8 0

3 years ago

Ed wants to borrow $20,000 from a bank to open a small gym. Three banks charge different interest rates. To help decide the best

Delicious77 [7]

Answer:

First bank = $6792

City bank = $6803

Star bank = $6817

Step-by-step explanation:

The lists of banks and their annual interests rates are attached.

For first bank, since the interest is 7.5%, The total interest = 7.5% of $20000 = 0.075 × $20000 = $1500

For city bank, since the interest is 8.2%, The total interest = 8.2% of $20000 = 0.082 × $20000 = $1640

For Star bank, since the interest is 9%, The total interest = 9% of $20000 = 0.09 × $20000 = $1800

The loan plus interest for the banks annually are:

First bank = $20000 + $1500 = $21500

City bank = $20000 + $1640 = $21640

Star bank = $20000 + $1900 = $21900

The monthly payments for the banks are:

First bank = $21500 / 12 months = $1792

City bank = $21640 / 12 months = $1803

Star bank = $21800 / 12 months = $1817

Since The cost to run the gym each month is $5,000. Ed's total monthly expenses for each loan option = monthly payments + cost for each month. It is calculated as:

First bank = $5000 + $1792 = $6792

City bank = $5000 + $1803 = $6803

Star bank = $5000 + $1817 = $6817

3 0

3 years ago