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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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(27 points for whoever answers this ) Write an expression to represent the sum modeled in the following number line.
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-3\dfrac13+\dfrac63=\dfrac{-10+6}3=-\dfrac43
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3 years ago
Find the formula an for the nth term of the geometric sequence satisfying the following conditions: a1 = -2,
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Answer:

Step-by-step explanation:

a1 = - 2

an = a1 * r^(n - 1)

a6 = -486

-486 = - 2 * r^(6-1)                      Divide by 2

243 = r^5

The largest value that r could be is 3.

4^5 = 1024

(243)^(1/5) = 3

So the general formula

an = -2*(3)^(n - 1)

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2 years ago
Add. Simplify your answer and write it as a proper fraction or as a whole or mixed number. 9/ 10 + 4/ 5 =
Serjik [45]
Before adding dissimilar fractions (fractions with different denominator), you have to make the fractions similar first. To make the fractions similar, find the Least Common Multiple of the denominator. In this case, the LCM is 10. Then rewrite the fractions using the LCM as the denominator.
9/10 = 9/10; 4/5 = 8/10
You can now proceed with addition -
9/10 + 8/10 = 17/10 or 1 7/10
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3 years ago
On a blueprint, the scale indicates that 7 cm represent 16 ft. What is the length of a room that is 9.8 cm long and 5 cm wide on
Ira Lisetskai [31]
The room is 22.4 feet long

7cm=16ft
9.8cm=?ft

  7cm       9.8cm
______=______
  16ft          x ft

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divide both sides by 7
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3 0
4 years ago
Read 2 more answers
When n is small (less than 30), how does the shape of the t distribution compare to the normal distribution?
Anna [14]

When n is small (less than 30), how does the shape of the t distribution compare to the normal distribution then"it is flatter and wider than the normal distribution."

<h3>What is normal distribution?</h3>

The normal distribution explains a symmetrical plot of data around the mean value, with the standard deviation defining the width of the curve. It is represented graphically as "bell curve."

Some key features regarding the normal distribution are-

  • The normal distribution is officially known as the Gaussian distribution, but the term "normal" was coined after scientific publications in the nineteenth century demonstrated that many natural events emerged to "deviate normally" from the mean.
  • The naturalist Sir Francis Galton popularized the concept of "normal variability" as the "normal curve" in his 1889 work, Natural Inheritance.
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As a result, relying as well heavily on the a bell curve when forecasting these events can yield unreliable results.

To know more about the normal distribution, here

brainly.com/question/23418254

#SPJ4

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1 year ago
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