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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.


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Answer:

9.7209913e+28

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I WILL GIVE FIRST ANSWER BRAINLIEST
Ostrovityanka [42]

Answer:

1) Papa Ron's(60$ per shift)

2) Little Squeezer's(3$ per pizza)

3) Little Squeezer's

Explanation:

1) A shift's pay is money given for simply entering the workplace(at least in this problem!) So it would be money given whether Tony has delivered pizzas or not. It would be numerically equal to his pay when he doesn't deliver any pizzas.

Bombino's offers 56$ per shift(stated in Q),

Little Squeezer's offers 48$ when he has delivered no pizzas, thus it must be his pay per shift.

Pizza Tent offers 52$ when he has delivered zero pizzas(substitute  

p

=

0

in the given function S)

The graph shows that Papa Ron's offers 60$ when no pizzas are delivered. This is clearly the best pay per shift. (when  

x

=

0

,  

y

=

60

)

2) Bombino's: 2.5$ per pizza(stated)

Little Squeezers gives 6$ more than his default pay(which he would get even if he didn't deliver anything) when Tony has delivered 2 pizzas. Thus it gives 3$ per pizza.

Pizza Tent gives 2.75$ per pizza. This can be inferred from S.

S

=

2.75

p

+

52

Here, 52 is his default pay. He gets 2.75$ for each pizza delivered, as it is the coefficient of  

p

.

Papa Ron's pay per pizza can be calculated by finding the slope of the line in the graph.  

S

l

o

p

e

=

R

i

s

e

R

u

n

Here, I take the points (64, 2) and (60, 0).  

S

l

o

p

e

=

64

−

60

2

−

0

Thus the pay is 2$ per pizza delivered. For simplicity, I will define Papa Ron's pay as a function  

R

=

2

p

+

60

(Notice that 2 is the slope and 60 is the base pay)

Clearly, Little Squeezer's offers the most per pizza.

3) To figure this question out, we will need to find pay when Tony delivers 20 pizzas for each restaurant.

Bombino's pays  

56

+

2.5

(

20

)

=

106

$

Little Squeezer's pays  

48

+

3

(

20

)

=

108

$

Pizza Tent pays  

52

+

2.75

(

20

)

=

107

$

Papa Ron's pays  

60

+

2

(

20

)

=

100

$

So, Little Squeezer's is the company that pays best when Tony is delivering over 19 pizzas.

(This is a long question, I may have made a mistake. Please correct me if that is the case.)

Step-by-step explanation:

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Answer:

didn't u already answer this already

and which question do you need help on

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Answer:

this answer is. _48 am I right

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