3 years ago

PLZ HURRY IT'S URGENT!!!!

Mathematics

1 answer:

DerKrebs [107]3 years ago

6 0

The answer is C. 3.14 x 10-2.

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A bank made a farmer loan of $1,000 at 14% for 3 years compounded annually. Find the future value and the compound interest paid

Anna11 [10]

Answer:

Principal = $1,000

Rate of interest = 14% = 0.14

Time = 3 years

$A= P(1+r)^t$

A = Amount or future value

P = Principal

r = rate of interest in decimals

t = time

Substitute the values in the formula

$A= 1000(1+0.14)^3$

$A=1481.544$

Future Value is $1481.544

Compound interest = Amount - Principal = $1481.544- $1000 = $481.544

Formula of simple interest : $SI =\frac{P \times R \times T}{100}$

Substitute the values :

$SI =\frac{1000 \times 14 \times 3}{100}$

$SI =420$

So, Simple interest = $420

Compound interest - Simple interest

= $481.544- $420

= $61.544

So, Compound Interest is $61.544 more than simple interest.

8 0

3 years ago

The length of a rectangle is four times the width minus three. If the perimeter of the rectangle is 64 meters, what is the lengt

Nastasia [14]

Answer:

L = 25 m

Step-by-step explanation:

L = 4W - 3

perimeter = 2(L + W)

64 = 2(4W - 3 + W)

divide both sides by 2:

32 = 5W - 3

add 3 to each side:

5W = 35

divide both sides by 5:

W =7

L = 4(7) - 3 = 25

6 0

3 years ago

What are two square roots of 196

Alecsey [184]

The answer is 14 because 14×14=196

4 0

4 years ago

Convert 132 pounds to kilograms. Use 1 kg = 2.2 lb.

Vera_Pavlovna [14]

1kg = 2.2lb

1lb = 0.454kg

132lb = 0.454*132

132lb = approx 60kg

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3 years ago

In the given figure a + b + c = 295° , fins the value of a , b , c and d....

Contact [7]

Answer:

a and c = 115 and b and d = 65

Step-by-step explanation:

Hope this helps :)

5 0

2 years ago

Read 2 more answers