A loan of $50,000 is taken out for six years at 9% interest compounded annually. If the loan is paid off in full at the end of that time period, $50433 must be returned.
<h3>What is Compound interest?</h3>
- Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate multiplied by the number of compound periods multiplied by one.
- Compound interest is when you earn interest on both your savings and your interest earnings. When you compound interest, you add the interest you've earned back into your principal balance, which earns you even more interest, compounding your returns.
- Assume you have $1,000 in a savings account earning 5% interest per year. You'd earn $50 in year one, giving you a new balance of $1,050. Compound interest occurs when interest earned on savings begins to earn interest on itself.
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Answer:
1.12
Step-by-step explanation:
all you have to do is multiply them, hope i helped
Answer:
p= -3/2 or p= -1 1/2
Step-by-step explanation:
Answer: The difference cannot be found because the indices of the radicals are not the same.
Step-by-step explanation:
To find the difference you need to subtract the radicals. But it is important ot remember the following: To make the subtraction of radicals, the indices and the radicand must be the same.
In this case you have these radicals:
![\sqrt[ {8ab}^{3} ]{{ac}^{2} }- \sqrt[ {14ab}^{3}]{{ac}^{2} }](https://tex.z-dn.net/?f=%5Csqrt%5B%20%7B8ab%7D%5E%7B3%7D%20%5D%7B%7Bac%7D%5E%7B2%7D%20%7D-%20%5Csqrt%5B%20%7B14ab%7D%5E%7B3%7D%5D%7B%7Bac%7D%5E%7B2%7D%20%7D)
You can observe that the radicands are the same, but their indices are not the same.
Therefore, since the indices are different you cannot subtract these radicals.
Answer: 325$
Explanation:
Assume: A is the cost of washer
And B is the cost of dryer
A+B = 744
And: A = B + 94$
We get:
B + 94$ + B = 744
2B + 94 = 744
2B = 650
B = 325
