1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetradugi [14.3K]
3 years ago
8

Greta takes out a loan of $35,000 the rate of compound interest is 2% per month after 6 months she wants to pay off the loan and

the interest. a: how much must she pay altogether? b:how much of what she pays is interest . (with working out please)
Mathematics
1 answer:
zimovet [89]3 years ago
4 0
To solve this problem, we must use the Time Value of Money equation.

Future Value = Present Value * (1 + interest rate per month)^number of months

F = 35,000 * (1.02)^6 = 39,415.68

A. She will have to pay $39,415.68 altogether.

To find payment in interest, we must subtract the initial loan of $35,000 from $39,415.68

39,415.68 - 35,000 = 4,415.68

B. She will have to pay $4,415.68 in interest.


You might be interested in
Can anyone please help
ANTONII [103]

2. 64 = 2 × 2 × 2 × 2 × 2 × 2 2 |64

√64 = √2 × 2 × 2 × 2 × 2 × 2 2 |32

√64 = 2 × 2 × 2 2 |16

√64 = 2³ 2 |8

√64 = 8 2 |4

2 |2

3. No positive square root exists for -85 as it is a negative integer. The squares of a number is always positive.

4. 114 is not a perfect square. √114 = 10.677078252

5. √16 = 4

6. √105 = 10 (nearest)

7. √81 = 9

8. √14 = 4 (nearest)

9. √8 = 3 (nearest)

3 0
3 years ago
F(x) = 14 - 0.5<br> f(30) =
serg [7]

Answer:

13.5

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
Question
balandron [24]

Answer:

The approximate percentage of SAT scores that are less than 865 is 16%.

Step-by-step explanation:

The Empirical Rule states that, for a normally distributed random variable:

Approximately 68% of the measures are within 1 standard deviation of the mean.

Approximately 95% of the measures are within 2 standard deviations of the mean.

Approximately 99.7% of the measures are within 3 standard deviations of the mean.

In this problem, we have that:

Mean of 1060, standard deviation of 195.

Empirical Rule to estimate the approximate percentage of SAT scores that are less than 865.

865 = 1060 - 195

So 865 is one standard deviation below the mean.

Approximately 68% of the measures are within 1 standard deviation of the mean, so approximately 100 - 68 = 32% are more than 1 standard deviation from the mean. The normal distribution is symmetric, which means that approximately 32/2 = 16% are more than 1 standard deviation below the mean and approximately 16% are more than 1 standard deviation above the mean. So

The approximate percentage of SAT scores that are less than 865 is 16%.

8 0
2 years ago
Xis directly proportional to y.
OleMash [197]
X = k x y
21 = k x 3
k = 7
x = 7y

x = 7(10)
x = 70
6 0
3 years ago
A store pays $72 for a crystal vase. The store marks up the price by 50%. What is the amount of the mark-up?​
Assoli18 [71]

Answer:

$36.00 markup

Step-by-step explanation:

$72 x 50% (0.50) = $36.00

5 0
3 years ago
Other questions:
  • What is the solution to the following system of equations?
    9·1 answer
  • A line segment has the endpoints (2 -5) and (-1 -1) what is its slope?
    6·1 answer
  • Help. I don't understand what I'm supposed to do.
    12·2 answers
  • A scale drawing of a bathroom is shown below:
    15·1 answer
  • 331 students went on a field trip. Six buses were filled and 7 student traveled in cars. How many students were in each bus? (Wr
    7·2 answers
  • You fill your car with gasoline at a service station for $2.75 per gallon. You pay with a $50 bill.
    13·1 answer
  • What proportion results in the equation 9m= 10n? ?
    6·1 answer
  • For the triangles to be congruent by SSS, what must be the value of x? 1 3 6 8
    8·2 answers
  • Two angles are complementary, and the larger one is 14 degrees more than smaller one. find the agles
    9·1 answer
  • Determine whether each expression represents the statement divide the sum 15 and 6 by the difference of 10 and 3.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!